DNP-FX

DNP-FX

Japan's economy has been sluggish, people have lost confidence and fear of uncertainty in the future. The high fiscal surplus that hoisted Japan's total assets to rank first since 1991, began to move the other way around. As an aging population begins to eat away at reserves, the Land of the Rising Sun must also depend on foreign creditors to finance fiscal...

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Market sentiment shifted to a more negative setting amid fears over surging inflation and slowing economic growth. Faced with challenges such as increasing material and energy costs, industrial companies in Europe continue to struggle with restricted revenues and operational challenges.

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Faced with challenges such as increasing material and energy costs, industrial companies in Europe continue to struggle with restricted revenues and operational challenges. Market sentiment shifted to a more negative setting amid fears over surging inflation and slowing economic growth.

DNP-FX

In the midst global problems, both from the economy, politics, the military, and the pandemic. This makes investors quite confused where they should keep their money. But if there is an agreement, I'm sure there will be a massive movement. In the current situation we know there are 3 main safe havens that investors look up to: USD, Gold, Bitcoin. It's difficult to...

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The World Bank agreed to disburse a loan of 454.4 million euros to help South Africa buy a coronavirus vaccine. South Africa's Ministry of Finance and Banking confirmed this news in a statement. South Africa is recorded as the country with the highest number of coronavirus cases and deaths from Covid-19 on the African continent. There are more than 3.9 million...

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South Africa inflation rises more than expected, The South African Reserve Bank (SARB) has raised rates for the first time it had hiked rates by 50 basis points since 2016. Core inflation rose to 4.1% year on year in May, from 3.9% previously. Basis core inflation was at 0.2% from 0.4%. Consumer inflation was at 0.7% from 0.6% the previous month. USDZAR H4

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EURCHF H1, Intraday bullish possibility, Reason : Rebound support area. Entry buy @1.013. Target @1.018 - 1.021. Stoploss @1.009

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AUDJPY H4, Intraday bullish possibility. Reason : near support area. Long plan : follow the trend, buy @support area. Target @resistance triangle. Stoploss below support area. Short plan : if breakout, sell stop below triangle support. Target @next support area.

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Markets are full of speculation that Japan may act to contain further yen losses, perhaps by buying the yen, raising interest rates or changing the BOJ's dovish guidance on the future path of monetary policy. Japan is in a very different situation compared to other countries that have begun to tighten monetary policy. In reality "weak yen" is not bad for...

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London's UK100 rose on Monday, boosted by gains in financial and energy stocks. London's main share index fell last week on escalating worries about a recession and bets of bigger interest rate hikes after a cautious raise by the Bank of England.

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GBPCHF pair daily chart, Bearish channel pattern. 3.11% price range. 0.85% tail tolerance below support area. Cup pattern below support area is possible. it may retest or false breakout. bearish confirmation if price breakout below 0.85% tail tolerance. bearish target : 1.16 (3.11% price range). bullish target : 1.19 - 1.22.

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Before July, USOIL was seen moving in the consolidation channel area which tends to be bullish . in July, USOIL sentiment will tend to be bearish . The Organization of the Petroleum Exporting Countries (OPEC) member states announced plans to adjust oil production upward in July by 0.648 million barrels per day. In my view Oil prices are bearish but still not...

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Australians need to prepare for higher interest rates and that it is reasonable to assume that the cash could get to 2.5% by the end of the year, the mid-point of the mandated 2-3% target band. rising interest rates are making asset values fall. As the central banks pop up their heads, the markets pull theirs down.

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The FED announced 0.75% rate hike, the highest in 30 years since November 1994. Fed Chair Jerome Powell said the move was important to lower inflation while stabilizing prices. However, he admits that aggressive interest rate hikes are quite risky. USDCHF H4, Mid-term bullish possibility. Reason : Rebound support area, Stochastic oscillator oversold & crossover...

DNP-FX Updated 

GBPAUD H4, Mid-term bullish possibility. Reason : Rebound support area. Target : UFO area. Stoploss : below 0.38% tail tolerance.

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SNB (Swiss National Bank) shows the general condition, although many central banks that were previously dovish are now starting to worry about inflation. the central bank is worried about being behind the curve and needs to immediately reduce it.

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Bank of England (BOE) raised interest rates again on Thursday (16/6) as other central banks took more urgent action. The BOE said it was prepared to act forcefully if needed to stamp out the dangers of inflation now headed for a record 11%.The BOE warned that the UK economy would shrink in the April-June 2022 quarter.

DNP-FX Updated 

AUDJPY M30, Intraday bullish possibility, Reason : breakout bearish channel resistance. Entry buy @93.33. Target @93.84 - 95.37. Stoploss @92.96.