Navigating US crosswinds
Initial jobless claims decreased to 201,000, signaling a robust labor market, typically indicative of economic growth. Full Article
Green Shoots Bloom: Dollar Weakens as Stock Markets Surge Enjoy 2-Year Highs
The U.S. dollar (DXY), a benchmark for the greenback's strength against a basket of major currencies, is trading lower today, succumbing to Full Article
Greenback Gains Ground: Dollar Soars After Powell’s Hawkish Stance
The US dollar flexed its muscles in the global forex market this week, climbing against major peers after Fed Chair Jerome Powell's comments Full Article
Bullish Outlook for Gold Price as Inverted Head and Shoulders Pattern Forms
The price of gold has slightly increased to $1,840.00 from $1,830.00, but it has been fluctuating back and forth in the Asian. Full Article
Is the USD Due for A Strong Bounce As Data Improves and Core Inflation Remains High?
The USD has been retreating very fast since November but the DXY is starting to show some bullish signs as economic data improves Full Article
GBP/USD Rebound Above 1.2020 – Buckle Up for a Buy Signal
In the Asian session, the GBP/USD pair is battling to break through the immediate barrier of 1.2050. The cable tried a comeback in Tokyo as Full Article
Double Bottom Pattern to Underpin GBP/USD – Quick Outlook Today
The GBP/USD continues to recover from a three-week low. During Wednesday's mid-Asian session, it rose 0.11% to near 1.2190. In doing so, Full Article
GBP/USD Slips Under 50 EMA – Buy Now Above $1.2125?
The GBP/USD pair has had a minor reversal after building up demand at the critical support level of 1.2120 during the Asian session. Full Article
The Picture Has Turned Bearish for the USD, As DXY Breaks Below the 200 Daily SMA
The FED has softened the rhetoric and is expected to slow down with rate hikes starting from this month which is keeping the USD bearish Full Article
What’s Left for the USD Until the End of 2022?
The USD has been showing weakness in the last several weeks, as the data shows increased economic weakness Full Article
Has the USD Retreat Has Come to An End As DXY Reaches the 200 SMA?
The USD has been retreating in the last few weeks, but the retreat might be over with the DXY finding support at the 200 daily SMA Full Article
Is the USD Uptrend Coming to an End, As FED Signals Pausing Hikes?
The USD has been bullish for a long time as the FED has hiked rates intensively, but is giving bearish signs now Full Article
Has the USD Reached A Top?
The USD has been extremely bullish as the only remaining safe haven asset, but we are seeing some bearish signs recently Full Article
Has the USD Run to Far, or Does It Have Room for More Gains?
The USD has been bullish since the beginning of 2022, making some massive gains, but is it time for a deeper pullback soon? Full Article
GBP/USD Gains Support at $1.1643 – ADP NFP in Highlights
The GBP/USD pair is steadily rising, approaching the round-level resistance of 1.1700, as the US dollar index (DXY) has given up its gains Full Article