Today's focus: USDJPY
Pattern – Ascending Triangle Pattern
Support – 146.50 - 144.75
Resistance – 147.92
Thanks for checking out today's update. Today, we have run over USDJPY, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis.
The USDSJPY continues to be locked up in a bullish continuation...
Some people create their own storms. And then get upset when it starts to rain. US Debt Ceiling drama is akin to a soap opera that never ends.
Debt ceiling issue is not new. Why bother now? Political polarisation in the US has got to unprecedented levels. The showmanship could tip over into a political nightmare. It could send economic shockwaves with impact...
Since 2012, WisdomTree has been a leader in helping investors understand the impact that currency risk can have on their portfolios. When investors allocate funds internationally, there are two sources of return: the local asset return and the return from changes in foreign exchange (FX) rates. This can be problematic during periods in which foreign currencies are...
European equities have ushered in 2023 with a strong rebound, up 7.72%1. Exchange-traded fund (ETF) flows into the European region have risen by US$13bn, in sharp contrast to the US that has seen US$9bn of outflows year-to-date (YTD)as of 27 February 2023.
The confluence of China re-opening its economy and prudent management of resources during the energy crisis,...
2023 has been ushered in with a rebound in pockets of equity underperformance from 2022. Markets are coming to terms with the fact that stickier inflation and more resilient economic data globally are likely to keep central banks busy this year. Owing to which the spectre of interest rates staying higher for longer appears to be the dominant theme for the first...
Last week's surprising jobs report sticky inflation, and persistent and frothy financial conditions may force the Federal Reserve members into a more hawkish position, forcing them to keep the heat on interest rates and the money supply.
Many market participants were looking for a pause in rate hikes as soon as next month and possibly a pivot to lowering rates...
Nothing goes up forever. We also have the US mid-term elections starting so there is an air of uncertainty around the markets.
If the status quo remains politically, the Fed's monetarism will continue and the DXY should go higher.
If things change after the mid-term elections, monetary policy may also change. We have to wait and see.
Currently, the only people...
NSE:POLICYBZR Policy Bazaar is now trade at best buying level. We can expect a pull back from current levels.
As per my analysis, best entry level is 385-380, Can hold till target of 425 & 456.
Stop loss will be only 365.
Note: This is my personal analysis, only for learning.
Thanks.
Hello traders.
EURJPY formed a double top at multiyear High levels.
However, during evening of yesterday, some big players closed their positions and as a result the market direction was occured due to the surpass of sellers.
I think that the psychology of this pair is mainly short and any spike can be considered as a sell opportunity either if it touches the...
Long:
- USD strength/Yen weakness (QT in US/QE in Japan)
- Global USD shortage (foreign governments need USD = Bullish)
Price Target(s): 160.00
** If 160 is broken, 180.00 next level to watch **
Over the first half of 2022, energy was a bright spot in markets. NYMEX and Brent crude oil futures rose 40.62% and 40.24%, respectively. The oil futures closed well below the March highs on June 30, with prices north of $100 per barrel. NYMEX natural gas futures moved 45.42% higher over the first half of 2022. The price was at the $5.424 per MMBtu level on June...
I predict EU will fall due to USD strength on/near June 14-15 (FOMC) meeting. Then, the Euro will strengthen on the wake/post ECB meeting at the end of July (26).
The US dollar and the euro are the world’s reserve currencies. Political and economic stability and free convertibility are the requirements for reserve currency status. Central banks and governments worldwide gold the US and European currencies as reserve assets.
The exchange rate between the US dollar and the euro is multifactorial. Interest rate...
The stock and crypto market reactions on for some time known FED's change in monetary policy is an emotional overreaction driven by fear. As you can see from the graph that compares Nasdaq's Index development over the last years with US State Interest rates there was a period from 2015 to 2019 with climbing interest rates and climbing NDQ as well. Directly before...
Natural gas is combustible as producers extract the energy commodity from the earth’s crust. The energy commodity’s price action has been equally volatile since the CME’s NYMEX division rolled out futures contracts over three decades ago in 1990.
Natural gas probes above the $5 level- a nearly eight-year high
Heat and storms have been bullish
LNG demand is...
In early July 2021, nearby NYMEX crude oil futures rose to the highest price since 2014 after rising to a high of $76.98 per barrel. The price eclipsed the October 2018 $76.90 high by only eight cents.
The crude oil futures market ran out of upside steam at the early July high and has made lower highs over the past seven weeks. At around the $62 per barrel level...
One has to imagine that gold will find its way back to its 200 day before marching on higher given the fundamental tailwinds.
If gold trades down to 1800 and we get a nice close above it - I would believe this to be a compelling opportunity to get long or add length if you took a more aggressive entry prior to the breakout.
A change in market sentiment with...
As the drivers of exports and tourism continue to be missing in action, the negative GDP growth trend is here to stay for the rest of the year, and perhaps beyond. Rising political uncertainty is another reason why we expect the Thai baht to remain one of Asia's weakest currencies over the remainder of the year.
🦠 Thailand has been one of Asia’s Covid-19 success...
