Category: Analysis

The USD/JPY pair dipped to 147.61 on Wednesday as the yen gained ground following softer-than-expected US inflation data. Key factors influencing USD/JPY movement Recent developments in global trade also captured market attention. The US and China had earlier agreed to a temporary 90-day tariff reduction, though uncertainty lingers over future trade policy once the agreement…

USDJPY extends pullback from new multi-week high (148.64) into second consecutive day, as overbought conditions prompted traders to collect profits. Larger uptrend faced increased headwinds from falling daily Ichimoku cloud (brief penetration into cloud, spanned between 147.87 and 150.56 was short-lived) and also failed to clear Fibo barrier at 148.53 (76.4% of 151.20/139.88). Bull-trap has…

NZD/USD holds below 20-SMA after Tuesday’s quick bounce. Bullish signals strengthen, but a break above 0.6020 is still needed. NZD/USD dropped to Monday’s low of 0.5845 before bouncing back to retest its 20-day simple moving average (SMA) at 0.5945, as the euphoria about the US-China trade deal faded, weighing on the US dollar. With the…

Yesterday’s inflation data release held no major surprises, as the actual Consumer Price Index (CPI) figures came in close to analysts’ forecasts. According to Forex Factory: → Annual CPI: actual = 2.3%, forecast = 2.4%, previous = 2.4%; → Monthly Core CPI: actual = 0.2%, forecast = 0.3%, previous = 0.1%. Overall, stock indices rose…

Asian Session Market Wrap Asia’s main stock index went up, driven by tech companies, as investors waited for earnings reports from big Chinese tech firms this week. Regional tech stocks rose for a fourth straight day after Nvidia and AMD said they would sell chips to a Saudi AI company for a $10 billion data…

GBP/USD is attempting a fresh increase above the 1.3270 resistance. EUR/GBP declined steadily below the 0.8460 and 0.8440 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.3250. There was a break above a key bearish trend line with resistance at 1.3270 on the hourly…

Markets The market rebound after the weekend US-China trade truce was confronted the with yesterday’s US April inflation data. The potentially less negative impact of the trade war on the US (and global) economy also changed the market assessment on inflation. Especially the combination of resilient activity data and ongoing high inflation data would solidify…

Trade news keeps getting better. Yesterday, it was the chipmakers’ turn to lead the rally, as Saudi Crown Prince Mohammad bin Salman pledged to spend as much as $1 trillion in commercial deals with the US, while Jensen Huang announced in Riyadh that the company will be selling chips to the Saudi Arabian AI company…

In focus today In Germany, we await the final April inflation data, which includes all the sub-categories of the CPI index. These will be particularly interesting as core services inflation rose much more than expected in April and will allow us to see if it was mainly due to the timing of Easter or a…

Key Highlights Ethereum rallied over 25% and cleared the $2,500 resistance. ETH surpassed a key bearish trend line with resistance at $1,820 on the daily chart. Bitcoin price also rallied and surpassed the $102,500 resistance. XRP is showing positive signs and might soon aim for a move above $2.65. Ethereum Technical Analysis Ethereum remained stable…