EURUSD Jumps to Test Critical Resistance

The Japanese yen has been drifting since late last week and is calm on Monday. USD/JPY is trading at 156.85, down 0.09% on the day at the time of writing. Ueda: BoJ will proceed with caution The Bank of Japan has been outlier, as it looks to raise interest rates at a time when other […]

In focus today Overnight China releases industrial profits for May. Profits grew 4% y/y in April, and we expect it to be roughly the same in May. Stronger export growth and higher commodity prices compared to last year should support profits, but tough competition weighs on profit margins. The next big market mover in China […]

DXY: For DXY, the current momentum on the chart is assessed as bullish, with several factors contributing to this outlook. One notable factor is that the price is currently positioned above a major ascending trend line, indicating potential for further bullish momentum. Looking ahead, the price could potentially experience a bullish bounce off the 1st […]