Dollar rallies on hotter-than-expected US CPI numbers Dollar/yen breaks above 152 and triggers fresh warnings BoC opens the door to June rate cut ECB to stand pat; likely to signal June cut as well Is June off the Fed’s rate-cut map? The US dollar skyrocketed yesterday against all its major peers as the US CPI […]
EUR/USD Higher Timeframes That’s how you can liquidate the achievements of several days in one go. Over the past day, bears closed below the final level of the weekly Ichimoku cross (1.0751). The liquidation of the weekly cross will allow considering new prospects. In the current situation, the nearest lows (1.0725 – 1.0696) could become […]
Analysis of macroeconomic reports: There are fewer macroeconomic events on Thursday, and none of them are crucial. Nevertheless, the US will release reports on unemployment claims and producer prices. We believe that after yesterday’s inflation report, the Producer Price Index is no longer crucial. Therefore, both reports, to be published during the European Central Bank […]
Analyzing Wednesday’s trades: GBP/USD on 1H chart The GBP/USD pair also experienced a sharp decline on Wednesday, which was triggered solely by the US inflation report. The Consumer Price Index rose to 3.5% against forecasts of 3.4%. However, another aspect is crucial. Inflation has been rising steadily for several months, while members of the Federal […]
Analyzing Wednesday’s trades: EUR/USD on 1H chart EUR/USD experienced a significant downturn on Wednesday. In our opinion, what should have happened last week finally occurred. Recall that important US reports on Nonfarm Payrolls, unemployment, business activity, and the labor market turned out stronger than forecasted, yet the euro rose instead of the dollar. Yesterday, however, […]
EUR/USD is trading around 1.0743, below the 21 SMA and 200 EMA. We can see on the H4 chart that the euro made a strong bearish move after falling below 1.0864 and below the technical pattern. Yesterday after the inflation data from the United States, the euro fell to the low of 1.0724, which represents […]
On Wednesday, American stock markets experienced a decline, reaching minimum closing levels against the backdrop of published inflation data, which exceeded experts’ expectations. The figures dampened investor optimism that the US Federal Reserve could begin cutting interest rates by the summer. The publication of the US Department of Labor’s report on the consumer price index […]
EUR/USD The market’s nervousness ahead of the European Central Bank meeting, which is expected to show a dovish stance, finally manifested – the euro slumped by 113 pips after yesterday’s US inflation data. The Core CPI inflation held steady at 3.8% y/y, against expectations of falling to 3.7% y/y, while total CPI consumer inflation accelerated […]
GBP/USD Yesterday, the dollar strengthened by 1.02%, and the pound led losses in the currency market by falling 1.10% (137 pips). This confirms the British currency’s weakness over the past week. After a break below the support level of 1.2596, the price is moving towards the target support at 1.2460. Falling below this level will […]
USD/JPY The USD/JPY pair finally received an external impetus and broke out of a two-week consolidation by trading higher. Yesterday, the price breached a strong resistance at 151.95-152.00, formed by a target level and a price channel line. Now, the pair can reach the target of 154.25/40, formed by the target level and the subsequent […]
Analysis of GBP/USD 5M GBP/USD also showed a significant downward movement on Wednesday. It was so strong that the price simultaneously broke through the trend line, the Ichimoku indicator lines, and the levels of 1.2605 and 1.2620. We haven’t seen such movements in a long time, but it had almost no impact on the overall […]
Analysis of EUR/USD 5M EUR/USD plummeted on Wednesday. The euro fell after the US inflation report showed that consumer prices picked up 0.1% more than anticipated. Some might say that such a small deviation from the forecast shouldn’t provoke such a strong movement, but we strongly disagree with this. The fact is that the euro […]
In recent months, I have repeatedly stated the same thing: the Federal Reserve is not ready to lower rates in any particular month. In other words, there is no plan or schedule for interest rate cuts, nor can there be. I personally don’t understand where the forecasts for rate cuts in March and June came […]
The U.S. currency is finally starting to see some demand. The greenback surged after the inflation report for March showed that the Consumer Price Index rose 3.5% over the last 12 months. The market did not expect such a sharp increase in inflation and responded by buying the dollar. In fact, I already expected the […]
The EUR/USD fell after the U.S. inflation report showed that consumer prices picked up for the third consecutive month. The Consumer Price Index rose 0.4% from the previous month and the all-items index was up 3.5% over the last 12 months, both exceeding Bloomberg forecasts. The same applies to core inflation data. As a result, […]
Bitcoin is trading around $68,926, retracing after the attempt to break the strong resistance at $72,500. We are currently observing the formation of a bullish wedge pattern. Therefore, if there is a sharp break below this pattern, it could confirm a trend change and the price could accelerate its bearish move. A fall in BTC […]
A summer rate cut by the Fed hangs in the balance amid persistent inflation Rate cut bets have been scaled back from more than six to around two But limited fallout on Wall Street; can the risk rally survive no rate cuts? Waiting for the elusive rate cut Ever since the Fed signalled it was […]
Citigroup shares post 25-month high in 2024 But experience a setback ahead of Q4 earnings on Friday Short-term oscillators soften in overbought territories Citigroup’s stock has been staging a V-shaped recovery since its 2023 bottom in October, posting consecutive multi-month highs. In the near term, the stock posted a fresh 25-month peak of 63.62 one week […]
ETH/USD is trading around 3,514 within the symmetrical triangle pattern, forming since March 6. On Sunday, ETH reached a high of 3,727, a level that coincided with the top of the symmetrical triangle. Now Ether is consolidating around the 21 SMA. So, we are likely to see a technical rebound in the coming hours or […]
EUR/USD Higher Timeframes Yesterday, the nearest resistance was tested (1.0884), but by the end of the day, the pair returned again to the support of the daily medium-term trend (1.0854). As a result, there were no significant changes in the main conclusions and expectations. The positions of the upward targets remained unchanged at 1.0884 – […]
Will USDJPY test 153.00 soon? RSI and stochastics enter overbought regions USDJPY is skyrocketing towards a fresh 34-year high of 152.50 after the US CPI data. The market exited from the narrow range that was in during the previous 20 days with the technical oscillators confirming an upside tendency again. The RSI is crossing above […]
AUDCAD rallies after hitting uptrend line RSI and MACD detect positive momentum A break above 0.9055 could shift the outlook to clearly bullish But a dip below 0.8810 could invite more bears AUDCAD has been trading in a rally mode since April 2, when it hit support at the near-term uptrend line drawn from the […]
US banks kick off Q1 earnings on Friday before opening bell Earnings set to drop despite the robust US economy Valuation multiples rise but remain historically cheap Solid quarter due to Fed repricing The banking sector started the year on the wrong foot as expectations of six rate cuts by the Fed had delivered a strong […]
We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week. Video Agenda: 00:00 INTRO 00:13 Totay’s […]
EURCHF still stands above rising trend line Technical oscillators indicate negative correction EURCHF has been in an ascending tendency since the end of January, and it posted a fresh almost one-year high of 0.9847 in the preceding week. Currently, the market is on the backfoot with the technical oscillators indicating a bearish retracement. The RSI is moving […]
Hi, dear traders! On the 1-hour chart, the GBP/USD pair rose to the resistance zone of 1.2705–1.2715 and rebounded from it on Tuesday. The instrument made a reversal in favor of the US dollar. This allows us to expect some decline in the direction of the support zone of 1.2584–1.2611. If the price settle above […]
CADJPY remains within a range despite hitting new high Upside risks exist above 111.50; bears could take the lead below 110.40 BoC rate decision at 13:45 GMT is the highlight of the Canadian calendar CADJPY has been trading sideways after touching the 112.00 area, keeping its weak momentum despite reaching a new high of […]
CADJPY remains within a range despite hitting new high Upside risks exist above 111.50; bears could take the lead below 110.40 BoC rate decision at 13:45 GMT is the highlight of the Canadian calendar CADJPY remained stagnant after entering the 112.00 area, keeping its weak momentum despite reaching a new high of 112.46 last […]
USDJPY trades sideways a tad below 152.00 This level was protected by Japanese authorities in 2022 Momentum indicators approach overbought conditions USDJPY has been in a steady uptrend after finding its feet at the 200-day simple moving average (SMA) in early March. In the near-term, the pair has been trading flat after posting a fresh 34-year high of 151.95, […]
US Dollar and stocks are in the green today ahead of the key US CPI report All eyes will be on equites if CPI surprises on the upside RBNZ remains hawkish; BoC could show a dovish tilt Dollar and stocks in the green ahead of US CPI The US dollar is higher today as the […]
