USD/JPY has risen sharply this year, but it may soon begin to correct lower on signs that Fed hawkishness has peaked amid rapidly slowing U.S. economic activity. Intra-day H4 price is on secondary correction by trying to break 200 SMA to below for the primary bearish trend to be started with support level at 135.55 as a possible target to re-enter. more...
The Federal Reserve interest rate decision may undermine the recent rebound in GBP/USD if the central bank steps up its effort to combat inflation. The daily price broke symmetric triangle pattern to above for the bear market rally to be started with 1.20 resistance level to be crossed for the rally to be continuing. more...
A strong close last week sets up AUD/USD for the upcoming data heavy week with focus on the Fed. The daily price is breaking the bullish triangle pattern to above for the secondary bear market rally to be continuing with the possible daily bullish reversal. more...
The European Central Bank raised its interest rates for the first time in over a decade on Thursday, by a bigger-than-expected 50 basis points, and unveiled an anti-fragmentation tool called the Transmission Protection Instrument, or TPI. more...
Overall consumer prices in Japan were up 2.4 percent on year in June, the Ministry of Internal Affairs and Communications said on Friday. more...
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