Shallow correction to keep bulls intact
The Euro remains at the back foot at the start of the week and probing through psychological 1.10 support, pressured by firmer dollar and risk aversion.
However, fresh dips were so far limited, as Friday’s spike to pivotal support at…
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Bulls to accelerate on break of key barriers; consolidation likely to precede rally
The USDJPY keeps firm bullish tone early Monday and extends gains after Friday’s 1.8% rally (the second biggest daily advance this year).
Japanese yen remains under increased pressure following dovish BOJ on Friday, while the dollar is…
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GBPJPY rises to new 2023 peak in post-BOJ acceleration
The GBPJPY cross surged to five-month high (also new 2023 peak), advancing 1.6% until early US session on Friday, as yen was sold across the board after the Bank of Japan kept firm dovish stance.
The biggest daily gains since Jan 4…
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Larger bulls likely to regain traction after a shallow pullback
The Euro dips below 1.10 support on Friday, extending pullback from new 2023 high (1.1095) into second consecutive day.
Stronger dollar on Friday morning pressured the single currency, along with weak EU / German GDP data for Q1, though…
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Dollar advances on dovish BOJ, weaker Euro; markets await release of key US PCE report
The US dollar index rose to one-week high in European session on Friday, lifted by dovish BOJ, after the currency escaped from stronger negative consequences from much weaker than expected US Q1 GDP, as consumer spending accelerated on…
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USDJPY surges on BOJ’s decision to keep its ultra-loose policy unchanged
The USDJPY jumped 1.5% following BoJ policy decision, hitting a seven-week high in early Friday’s trading.
The central bank’s first meeting under new governor Ueda resulted in a widely expected decision of keeping ultra-low policy…
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US economy slowed well below expectations in Q1
The US gross domestic product increased by 1.1% in the first three months of this year, following 2.6% growth in the fourth quarter of 2022 and missed consensus for 2% growth.
Much slower than expected economic growth sends an initial…
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Gold probes through $2000 barrier as uncertainty boosts safe-haven demand
Gold remains constructive and probing again through $2000 level on Thursday, lifted by fresh risk aversion on renewed US banking system stress.
Fresh action by the US House of Representatives to raise the government’s $31.4…
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Bears to pause for consolidation after a heavy losses; near-term outlook remains negative
Bears are taking a breather in early Thursday’s trading after a strong fall in past two days (down 5.5%), as oil prices were deflated by growing fears of US recession and strong rise in Russian oil exports, which hit the highest since 2019.…
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Bulls return to play and hit new 2023 high
The Euro was sharply up on Wednesday, advancing over 1% until early US session, on weaker dollar and better than expected German economic data, which so far offset fragile risk sentiment on renewed concerns about the US banking sector,…
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