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USDJPY To Reach New All-Time High?

USDJPY To Reach New All-Time High?

USDJPY is consolidating next to ~151.945 – an all-time high for the currency pair following the emergency meeting held by the Japanese monetary authorities.Despite the Bank of Japan’s (BoJ) anticipated move away from negative interest rates, the Japanese yen continues to weaken, raising the possibility of government intervention. The Finance Minister of Japan has not […]
AUD/USD Price Analysis: Likely Test Ascending Triangle’s Breakdown Near 0.6520

AUD/USD Price Analysis: Likely Test Ascending Triangle’s Breakdown Near 0.6520

The AUD/USD pair finds support slightly below the psychological support of 0.6500 in the early American session on Thursday. The Aussie asset discovers some buying interest as the US Dollar retreats after refreshing six-week high. However, the broader appeal of the Aussie asset is still downbeat as investors remain uncertain ahead of the United States core […]
Waller Pushes On Open Door: Push For Patience Lifts The Dollar, Complicating Japanese Efforts

Waller Pushes On Open Door: Push For Patience Lifts The Dollar, Complicating Japanese Efforts

Image Source: Pixabay  Overview: Comments by Fed Governor Waller, urging patience on rates and wanting more evidence that price pressures are moderating have helped the greenback extend its recent gains. The yen is the notable exception as the fear of intervention has restrained the dollar bulls. Poor German data, including a sharp 1.9% drop in February retail […]
EUR/JPY Forecast: Euro Pulls Back Against Yen Via Jawboning

EUR/JPY Forecast: Euro Pulls Back Against Yen Via Jawboning

Euro dips against Yen after BoJ’s statements on currency watch, hinting at limited impact. Euro’s upward trend seen, with EUR/JPY potentially reaching ¥165-¥170. Focus on BoJ’s limited influence. The euro has pulled back a bit against the Japanese yen during the trading session on Wednesday, as the Bank of Japan started to jawbone the currency […]
Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Thursday, March 28

Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Thursday, March 28

Image Source: Unsplash  AUDJPY Elliott Wave Analysis Trading Lounge Day Chart,    Australian Dollar / Japanese Yen (AUDJPY) Day Chart  AUDJPY Elliott Wave Technical AnalysisFUNCTION: Counter Trend                  MODE: impulsive                STRUCTURE: blue wave 1                  POSITION:  Black wave […]
The Reserve Bank Of South Africa Kept The Rate At 8.25%

The Reserve Bank Of South Africa Kept The Rate At 8.25%

Image Source: Pexels  On Wednesday, the US stock indices ended trading with moderate growth. A decline in T-note bond yields supported the broader market. Investors also welcomed reports that S&P Global Ratings maintained its AA+ long-term US sovereign credit rating and A-1+ short-term sovereign credit rating with a stable outlook. As of Wednesday’s stock market close, […]
Dogecoin Explodes 10% Daily, Bitcoin Reclaims $70k

Dogecoin Explodes 10% Daily, Bitcoin Reclaims $70k

Bitcoin slumped hard yesterday and dropped below $69,000, but the bulls have taken charge since then, and the asset now stands well above $70,000.While most alternative coins are slightly in the green, DOGE and BCH have gone on a tear with double-digit price gains overnight. BTC Goes Above $70KLast week was quite negative for the largest […]
German Labor Market Remains Resilient On The Outside But Shows Weakening From The Inside

German Labor Market Remains Resilient On The Outside But Shows Weakening From The Inside

Image Source: Pixabay  Unemployment this month dropped less than it generally has done in March since the financial crisis, suggesting that the very gradual cooling or turning of the labor market continues.The German labor market shows resilience. But only at first glance. In March, German unemployment decreased by 44,500, lowering the unemployment figure to 2.769 million. The […]
Italian Business Confidence Improves In March As Consumers Take A Breather

Italian Business Confidence Improves In March As Consumers Take A Breather

Overall this is a positive reading, marking an improvement among manufacturers and a surprising resilience among builders. Consumers are taking a breather, showing tentative concerns about future unemployment for the first time in months. Consumers taking a breatherAfter posting four consecutive gains, Italian consumer confidence backtracked slightly in March to 96.5 (from 97 in February), burdened […]
Daily Market Outlook – Thursday, March 28

Daily Market Outlook – Thursday, March 28

Image Source: Pixabay  Asian stock markets are experiencing a mix of trading on Thursday, as they respond to the generally positive trends in global markets from the previous day. Some traders are taking profits following the recent market strength, while also waiting cautiously for key US inflation data and Fed Chair Jerome Powell’s speech, as the […]