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The Japanese Yen is vulnerable to external forces with the Bank of Japan still expected to be one of the few remaining dovish central banks. Is it all clear for USD/JPY to keep rising then? Weekly price is on strong bullish trend by breaking the bullish triangle pattern to above: if the resistance level at 137 is crossed by the price to above on close weekly bar so the strong bullish trend will be continuing, alternatively - the price will be on ...
Gold prices may continue to fall as high-flying global inflation data boosts bets on central bank tightening, tarnishing non-yielding bullion’s appeal. A measured ECB may offer a temporary lifeline. The weekly price is continuing with the secondary correction within the primary bullish trend by trying to break 1,732 support level to below for the correction to be continuing. more...
The Reserve Bank of Australia (RBA) Minutes may do little to influence AUD/USD as the central bank appears to be on a preset course in normalizing monetary policy. more...
Bitcoin, Ethereum and their alt coin counterparts have rebounded despite the shocking US CPI print dented sentiment further. BTC/USD remains above $20,000 despite fundamental risks. more...
Event Risk for the Week: UK unemployment, CPI Inflation. UK focused data appears via unemployment data followed by the unavoidable CPI inflation print which is expected to rise to 9.3% for June. The Bank of England still anticipates that inflation will hit double digits before peaking. more...
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