The US dollar should remain strong against more currencies; however, the peak may be approaching earlier than initially expected, according to analysts at Wells Fargo. They believe medium-term dollar strength will be most pronounced against emerging market currencies. Key Quotes: “Our short to mediu

The dollar selling ended on Monday. Zimbabwe interest rate to go to 200%. Good Day,, And A Tom Terrific Tuesday to you! Well, my beloved Cardinals got back on the winning side last night with a win against the Marlins, their spring training mates… I had a lovely evening with good friend Mike Kettler

Outlook: It’s another big data day, with inventories possibly the one to watch (in the event inventories get “too high” and wholesalers and retailers start to slash prices to clear the warehouses). Like it or not, trade (for May) is no longer a mover-and-shaker, while consumer confidence is increasi

CAD/JPY technical analysis Buying the dips. Bullish trend. M H5 is the next target. MA angle is sharp. MEGATREND MAs: Bullish Daily CAD/JPY 1. Point 1. 2. Point 2. 3. Point 3. 4. Target zone. The CAD/JPY is undergoing a strong trend. The trend is bullish and I expect the market to push further up. A

Japanese officials’ ignoring of the continuous collapse of the Japanese yen exchange rate, along with the US Federal Reserve’s continued intention to raise US interest rates strongly during 2022, are still important factors for the continuation of the strong upward trend of the US dollar against the

Japanese officials’ ignoring of the continuous collapse of the Japanese yen exchange rate, along with the US Federal Reserve’s continued intention to raise US interest rates strongly during 2022, are still important factors for the continuation of the strong upward trend of the US dollar against the

The Australian dollar strengthened against its major counterparts in the European session on Tuesday, while the Japanese yen fell, as European shares rose following China's decision to reduce the quarantine period for travelers from overseas. China slashed quarantine time to seven days for internati

A combination of supporting factors pushed USD/JPY higher for the second successive day. The risk-on impulse, the Fed-BoJ policy divergence, rising US bond yields extended support. Resurgent USD demand provided an additional lift, taking along stops near the 136.00 mark. The USD/JPY pair built on it

AUD/USD The Aussie dollar eases from one-week high on Tuesday after failing to benefit more from positive news that China slashed Covid quarantine for international travelers. The price action fell back below 10DMA (0.6951) which caps the price since June 9 and maintains negative bias, with repeated

Key highlights The European Central Bank's upcoming bond-buying program will curb rising borrowing costs for vulnerable eurozone countries while keeping up the pressure on their governments to repair their budgets, ECB President Christine Lagarde said. With the ECB nearing its first interest rate hi

The yen has been significantly under pressure. Nonetheless, if it becomes foreseeable that the Federal Reserve will lower its key rate again in 2023, Japan's currency has recovery potential, according to economists at Commerzbank. When will the yen depreciation end? “We expect the interest rate outl

Overview: The strong equity market rally seen at the end of last week is carrying into today’s activity. Most of the large markets in Asia Pacific rose by at least 1%. After a 2.6% rally before the weekend, Europe’s Stoxx 600 is up around 0.8%. US futures are around 0.5% after a soft opening. Benchm

A combination of supporting factors assisted AUD/USD to regain positive traction. The risk-on mood benefitted the risk-sensitive aussie amid subdued USD demand. The recent fall in commodity prices could cap gains for the resources-linked aussie. The AUD/USD pair attracted fresh buying on Tuesday and