USDJPY retraces the decline following the Federal Reserve interest rate decision as the Bank of Japan (BoJ) retains the Quantitative and Qualitative Easing (QQE) program with Yield-Curve Control (YCC), and developments coming out of the US may influence the exchange rate over the coming days as Chairman Jerome Powell is scheduled to testify in front of Congress. more...
Oil sold off during the week and fell to its lowest level in nearly a month on growing recession fears, but the commodity could rebound soon, supported by extremely tight energy markets. Daily price is breaking the support level at 115 to below for the Ichimoku cloud for the possible ranging market condition to be started. more...
The Australian Dollar was boosted by a suddenly hawkish RBA signalling a much higher rate path. If commodities hold up and China loosens up, will AUD/USD go higher? Daily price was bounced from 200 SMA to below for the primary bearish market condition to be resumed with the possible Fibo target at 0.6828. more...
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