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CHF/JPY Forecast: Swiss Franc Showing Signs Of Support Against Yen

CHF/JPY Forecast: Swiss Franc Showing Signs Of Support Against Yen

Swiss Franc Rebounds Against Yen: After dipping below ¥168.50, finds strong support, forming a hammer pattern. Focus on overcoming 50-Day EMA, with upside target at ¥170.80 amid choppy trading. The Swiss Franc initially fell during the trading session on Friday, breaking below the ¥168.50 level, only to turn around and find a bit of a […]
As Gold Makes All Time High, Silver Is About To Play Catch Up

As Gold Makes All Time High, Silver Is About To Play Catch Up

Over the past few weeks, gold has stolen the show as it again pierced the all-important $2,000 level before ascending to a fresh all time high around $2,180. During that time, silver rose a couple of dollars, remaining a long way off its all time high around $50. However things are about to change, and […]
Japanese Market Commentary – Monday, March 25

Japanese Market Commentary – Monday, March 25

BOJ Intervention WarningFears of BOJ intervention in the JPY FX rate have ratcheted higher today on the back of comments from Japanese Fin Min Masato Kanda.  Kanda said that movements in JPY are not in line with fundamentals and were instead driven by speculative action. Kanada went onto warn that further weakening could lead to […]
Inflationary Pressures Are Rising In Singapore And Malaysia

Inflationary Pressures Are Rising In Singapore And Malaysia

Image source: Pixabay  At Friday’s stock market close, the Dow Jones Index (US30) was down 0.77% (for the week +1.67%). The S&P 500 Index (US500) decreased by 0.14% (for the week +1.54%). The Nasdaq Technology Index (US100) closed positive 0.16% (for the week +1.70%).Lululemon Athletica shares closed down more than 15% on Friday after warning of a slowdown in US store visits and forecasting 2025 net […]
USD/MXN Analysis: Bearish Range Still As Volatility Strikes Elsewhere

USD/MXN Analysis: Bearish Range Still As Volatility Strikes Elsewhere

The USD/MXN remains within the lower elements of its bearish range, but support levels have proven rather durable and this has taken place as the broad Forex market has seen volatility. The USD/MXN is near the 16.74605 ratio as of this writing with typical quick hitting price changes being seen. However the value of the […]
S&P 500 Rockets To New High As Fed Confirms Rate Cuts Are Coming

S&P 500 Rockets To New High As Fed Confirms Rate Cuts Are Coming

For S&P 500 (Index: SPX) investors there was one, and only one, market moving headline during the week that was. The Federal Reserve confirmed on Wednesday, 20 March 2024 that interest rate cuts are coming in 2024.That confirmation was like lighting off a rocket on Wall Street. The index rose nearly 0.9% after the Fed’s “dot-plot” projection of […]
Bitcoin Jumps 4.9% To $67,462 Amid ETF Optimism

Bitcoin Jumps 4.9% To $67,462 Amid ETF Optimism

Image Source: DepositPhotosIn an impressive turnaround, Bitcoin’s price leapt on Monday, clawing back some of the losses incurred last week, thanks to sustained capital flows into exchange-traded funds (ETFs) and the keen anticipation surrounding the upcoming “halving” event. The world’s premier cryptocurrency, which had experienced a sharp decline from its record highs, plummeting as low as $60,000, […]
Gold Forecast: Consolidation After Big Move

Gold Forecast: Consolidation After Big Move

It’s probably only a matter of time before we make it to the $2,500 level, as market participants continue to do whatever they can to protect wealth in a very uncertain environment Gold has pulled back just a bit during the trading session on Friday, as it looks like we have plenty of noise out […]
Two Trades To Watch: USD/JPY, Oil Forecast – Monday, March 25

Two Trades To Watch: USD/JPY, Oil Forecast – Monday, March 25

Image Source: Pixabay  USD/JPY holds steady amid intervention threat Japanese officials warned over speculative FX trades 152.00 seen as a clear line in the sand Fed speakers in focus USD/JPY hovers below 151.90 USD/JPY is holding steady at the start of the new week after booking gains of 1.6% last week.The pair rallied last week despite […]
Continue Buying Big Tech On AI Play As Fed Set To Cut Rate Soon

Continue Buying Big Tech On AI Play As Fed Set To Cut Rate Soon

The US stock market soared to unprecedented heights as a slim majority of Fed officials stood firm on their projections to implement three interest rate cuts this year, despite recent inflation figures coming in stronger than expected.While the latest data failed to instill enough confidence among officials to initiate rate cuts, Powell maintained his stance that […]