Bloodshed in Commodities Currencies (AUD and CAD) as Trade War 2.0 Starts, More Weakness Ahead or Bullish Reversal on Sight?

Key Highlights USD/JPY struggled to continue higher above the 150.00 resistance zone. A major bearish trend line is forming with resistance at 145.60 on the 4-hour chart. Oil prices are consolidating losses near the $75.00 level. EUR/USD is showing bullish signs above the 1.1120 level. USD/JPY Technical Analysis The US Dollar started a recovery wave […]

The USDCHF continues to trend higher within the broader bull-channel and hit new multi-week high (the highest since Nov 2) on Wednesday. Larger bulls accelerated after surprise rate cut by SNB last week, which increased pressure on Swiss franc and continues to weigh, with sustained break above psychological 0.90 barrier, adding to pair’s bullish stance. […]

Market picture The cryptocurrency market is under pressure, losing 6% of its capitalisation in the last 24 hours to $2.6 trillion. Bitcoin is losing almost 7% in 24 hours, at one point wiping out last week’s gains and falling to $66.7K. We note that the current area of active buying is below last week’s selling […]