US Dollar Forecast: Dollar Will Find Less Lift in Next Fed Hike, Policy Promise Despite a remarkably robust set of economic data – that included strong February payrolls – and a rise in rate expectations to the point of certainty that the Fed will hike Wednesday, the Dollar lost ground this past week. Japanese Yen Forecast: Narrowing Fed Interest Rate Forecast to Curb Bullish USD/JPY Outlook USD/JPY stands at risk of facing ...
-Recent DXY updates have noted that “if a broader decline is underway, then resistance probably needs to register (again) near the channel line that has been resistance and support since Brexit…the 55 day average is up here too.” Resistance is holding and a possible head and shoulders top is evident and would confirm on a drop under the February low. Even then, trendline support registers below 98.00. Watch for range support near 99.80. ...
W1 price is located to be below yearly Central Pivot at 1.0984 and above S1 Pivot at 1.0352: the price is on bearish ranging within pivot level at 1.0984 and the first support level at 1.0352;the price is breaking trend line to below for the 1.0352 support level as a nearest weekly bearish target;if weekly price breaks Central Pivot at 1.0984 to above so reversal of the weekly price movement to the primary bullish market ...
There are limits to what BOJ can do in the sense it cannot underwrite debt due to legal constraintsDon't share view that monetary policy is reaching its limitsEven within current framework there is ample room for further easingFirst issue to analyze is what factors have hampered achievement of price targetWhat we should bear in mind when conducting monetary policy is not its limit but comparison between its benefits and costsNegative ...
AUD/JPY: daily breakout with the possible bullish reversal. The pair is on primary bearish market condition located below Ichimoku cloud with the secondary rally to be started: price is on local uptrend for the breakout of the key resistance levels trying to cross 84.79 resistance to above on close daily bar for the breakout to be continuing. Chinkou Span line is located below the price indicating the breakout to be continuing by the direction, and Absolute Strength indicator is estimating the bullish ...
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