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The relatively hawkish stance of the Bank of Canada (BoC) has limited the depreciation of the Canadian dollar against the US dollar. The sideways-moving USDCAD could continue its uptrend strongly with the US Core CPI data to be announced on Friday. Technically, the price, having broken the main downtrend, is seeing a downward reaction from the 61.8% Fibonacci...

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The rise initiated in the dollar, triggered by the higher-than-expected U.S. CPI data, also propelled an upward movement in USD/SGD. Technically, the price has broken the long-term downward channel upwards and is currently finding support at significant Fibonacci levels in both the downward and upward directions.

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Despite the mixed data in March, the market acknowledges the view that the Fed will continue its tight monetary policy by implementing four interest rate cuts of 25 basis points each throughout the year. While the Fed maintains its tight policy, we anticipate that the Bank of England (BoE) will enter a faster easing process compared to the Fed. Strong U.S. data...

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With the mixed U.S. data in February, the EUR/USD pair began a technical correction rally. However, we anticipate a return to a downward movement, driven by the lack of a change in the FED's hawkish stance to tighten the market and the ECB's relatively more dovish signals, especially following the ECB press conference last week after the interest rate decision....

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The mixed U.S. data in February, the technical recession in the UK, dovish signals from the ECB, and the appreciation of the Australian Dollar driven by the rise in gold prices seem to have completed the correction of the downtrend technically. With the market normalizing somewhat and finding direction, we anticipate a decline in the Australian...

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Since the beginning of January, the FED has been indicating that the pace of interest rate cuts throughout the year will depend on upcoming data. Additionally, by adopting a hawkish stance, it continues to temper the market's expectation of six interest rate cuts this year, as speculated in December, by signaling only four cuts. Most likely, we will see three or...

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The Swiss National Bank (SNB) has been one of the earliest central banks to embark on an easing process. Due to its early initiation, the mixed U.S. data in February failed to establish a significant downtrend on USD/CHF. We anticipate that, both fundamentally and technically, the broken downtrend will continue, leading to a rapid progression towards the next...

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Despite the FED intensifying its hawkish rhetoric at every meeting since December, the dovish market pricing in the SP500 continues. If the FED escalates its hawkish stance at tomorrow's FOMC meeting, we may see corrective declines in US stock markets, including the SP500, which are currently in a dovish pricing rally. The US inflation data coming in throughout...

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The Bank of Japan has now signaled that the era of deflation is coming to an end, leading to a market consensus that this week's interest rate decision will mark the end of the negative interest rate policy. Additionally, the ongoing employer-union negotiations in Japan for the past two weeks could conclude this week, and significant wage increases could trigger...

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The price, after breaking the upward trendline, retraced to retest the broken trendline. Downward reactions were observed below the 50 and 100-hour moving averages and the 38.2% Fibonacci resistance level from the recent decline. A retest towards the 61.8% level might occur before further decline. Place your stop-loss level above the 61.8% resistance. Our...

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Yesterday's higher-than-expected U.S. CPI data caused the EUR/USD to break its short-term uptrend channel. After the initial decline, the price rose to test the broken channel at the 100 and 50-hour SMA levels. We expect the price, facing resistance from the channel and the 2 SMA levels, to retract to the 1.0865 level.

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We expect an increase in the dollar with a slight reduction in expectations from the FED. In the GbpUsd pair, where the upward trend channel has been broken, there is continued horizontal movement in the price. Before observing a downward movement, we may see a retesting of the previous peak and the formation of a double top. Until there is a somewhat more...

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We suggest you examine our analysis linked to DXY (15.01.24) to understand the economic reasons behind our expectations. In the coming days, we anticipate a medium-term downtrend after a final upward attempt in the price. Consider entering a sell position within the Fibonacci retracement range of 1.1007 - 1.1040, placing your stop-loss level above the previous...

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We suggest you examine our analysis linked to DXY (15.01.24) to understand the economic reasons behind our expectations. In the coming days, we anticipate a medium-term downtrend after a final upward attempt in the price. Consider entering a sell position within the Fibonacci retracement range of 0.6275 - 0.6297, placing your stop-loss level above the previous...

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The U.S. stock markets, starting a rally with the conclusion of interest rate hikes, experienced a rapid surge, as mentioned in our DXY analysis linked to the reasons we specified. The relentless ascent of the US30, rising up to the significant resistance level of the 161.8% Fibonacci technical level in the recent drop, was unable to surpass this crucial barrier....

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Last week, the slightly higher-than-expected U.S. core inflation data may have tempered investors' expectations of the Federal Reserve initiating interest rate cuts in March, possibly delaying the first rate cut until May. Despite the transition from a high-interest-rate period to a low-interest-rate period initiated by all central banks, the Fed might pursue a...

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The main target for the price, having broken the downtrend, is the 61.8% level. However, before the upward movement continues, we expect the price to retrace between the 61.8% and 76.4% levels of the recent upward move on the chart. Furthermore, if the upward trend persists, our initial strong resistance level stands at the 38.2% level.

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The price, having broken the short-term downtrend, encountered resistance at the 23.6% level of the main downtrend. Our initial target is at the intersection point of the main downtrend with the 38.2% level. Before reaching this level, we might observe a partial retracement, as shown in the chart.