The US Dollar has rallied 18% this year due to an aggressive interest rate policy. Correlation between the Dollar and the Equities Futures markets. Technical Analysis on the US Dollar. Dollar Likely To to Remain Stronger The US Dollar has rallied this year by more than 18% due to the aggressive policy outlined by the Read More…
The Fed rate decision and press conference may heighten market volatility. The bullish breach above the trend channel has not significantly changed market sentiment. An analysis of the 1-hourly chart. Fed Day Today is a very big day for the markets as the Fed will announce its rate decision with expectations of a 75 basis Read More…
1-2-3 Reversal call turns into a potential double bottom Major support zone holding since May 2020 Pennant chart pattern forming on 4 Hour chart Support Zone Reminder We need to go back to May 2020 to observe the major support zone, which has been tested six times in two years. The yellow metal is currently Read More…
Euro trading below $1 for the first time since 2002 Bearish sentiment remains Potential bounce possible in the shorter term Consolidation zone on the hourly chart Rewind 2 weeks Looking back at the analysis we did on the Euro on August 19th, our call for the break below $1 has been realized. With such a Read More…
Euro continues to weaken against the US Dollar Gaussian Channel creating great short opportunities The Euro could reach parity against the dollar The Euro has weakened against the dollar since the beginning of 2021, with lower lows printed consecutively on the daily chart. Prices have retraced to the 50 Exponential Moving Average (EMA) countless times Read More…
Rising US yields weigh on the JPY/USD futures. The Bank of Japan maintains its dovish policy, further igniting the bears. US PMIs, durable goods data, and Fedspeak are the key focus for the market participants. Futures prices for JPY/USD (6J1) remain strongly influenced by US Treasury yields. However, we anticipate that the pair will gain Read More…
