The Euro is struggling to rise despite an increasingly hawkish European Central Bank as competition gets stiff between its major peers. Where to for EUR/USD with the Fed’s turn next? Daily price is located far below 200 SMA on breaking the breaking the bearish triangle pattern to below for 1.0348 possible bearish target. Conclusion: strong bearish trend to be continuing or the secondary ...
Sleepy for weekend
Jacob Collier seeks comfort in a time of isolation and loss on new song “Never Gonna Be Alone” featuring Lizzy McAlpine and John Mayer. It’s Collier’s first official single since he dropped 2020’s Diesse Vol. 3. more...
Fridays U.S. CPI beat reignited dollar bets causing USD/CHF to test May swing highs. Currently the Swiss National Bank (SNB) has adopted a fairly neutral/dovish approach but with inflation rising above 2% in May, money markets are looking to a potential rate hike this coming week with roughly 20bps priced in at the moment. The daily price is breaking 0.9817 resistance level to above for the primary bullish trend to be continuing. more...
The U.S. dollar is likely to rise next week if the Fed signals at its June meeting that it will have to raise rates more aggressively in response to broadening inflationary pressures. The daily price is on bullish breakout by crossing 103 resistance level to above for the 105 target to re-enter. more...
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