Japanese Yen Technical Outlook: USD/JPY, NZD/JPY, CHF/JPY Chart Setups
The Japanese Yen is facing several key technical areas that may offer actionable trade levels against the US Dollar, New Zealand Kiwi and Swiss Franc.
Bitcoin Outlook: BTC Poised to Break to Fresh Highs or Is a Reversal Afoot?
Bitcoin has stormed higher since the start of March and appears to be eyeing a push to fresh record highs. However, short-term technical signals suggest that a reversal lower could…
US Dollar Reversal at Pivotal Point? USD/SGD, USD/THB, USD/IDR, USD/PHP
The US Dollar seems to be at a pivotal point against ASEAN currencies as USD/SGD, USD/THB, USD/IDR and USD/PHP face 200-day Moving Averages after prices recently reversed higher.
Dow Jones Gains on Inflation Relief. Nikkei 225, ASX 200 May Climb
A lower-than-expected US core CPI figure sent Wall Street stocks broadly higher as inflation fears eased. The reflation trade is back in centerstage after House approval of the US$ 1.9…
NZD/USD, AUD/NZD In Focus as Inflation-Induced Moves Spur Rotation Within Equities
NZD/USD and AUD/NZD face technical challenges with major trendlines in focus. A flop in US inflation data sent Treasury yields lower, spurring rotation out of tech and into value on…
Canadian Dollar Price Outlook: USD/CAD, EUR/CAD Eyed Post-BoC
The Canadian Dollar traded mixed on Wednesday amid choppy market conditions. Will USD/CAD and EUR/CAD continue their broader trends with Bank of Canada event risk in the rearview?
Bitcoin Price Approaches All-Time High, is a New Record Ahead?
Bitcoin has moved within reach of record levels after recovering from its brief pullback last month. With the fundamental landscape unchanged and an improved technical picture, BTC might try at…
Gold Price Eyes Recovery After Cratering to Trendline Support
Gold is in the midst of a recovery rally after cratering to its lowest level since June and bouncing off an important trendline. While gold may look to recoup recent…
US Dollar Forecast: Yields Wag the Dog – Levels for DXY Index, USD/JPY
The US Dollar (via the DXY Index) has rallied alongside US Treasury yields. That dynamic seems poised to continue.
Oil Price Susceptible to Large Pullback as RSI Divergence Persists
The price of oil may face a larger pullback as the RSI continues to diverge with price and still tracks the downward trend carried over from February.