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The US Dollar pares previous losses and returns to levels right below 0.9100 A doji candle in the weekly chart and the bearish divergence on intra-day charts suggest the possibility of a deeper correction. USD/CHF bears need to breach 0.9075 support level. The US Dollar has retraced previous losses,

French stocks edged lower on Friday as an escalation of the tensions in the Middle East and cautious comments from more Federal Reserve officials on how to manage inflation and interest rates in the coming months soured investor mood. The benchmark CAC 40 was down 44 points, or 0.6 percent, at 7,978

AUD/JPY depreciates after the release of Japan’s inflation figures released on Friday. The Japanese Yen gains support from the hawkish remarks made by BoJ Governor Kazuo Ueda on Thursday. The Australian Dollar loses ground as soft domestic jobs data reinforced a dovish outlook on RBA’s monetary poli

Markets In a session deprived of key data, yields and the USD yesterday faced a correction on recent rise. Markets concluded that, without new data evidence on strong US demand or sticky inflation, enough Fed rate cut delay is discounted. A decline in oil prices (high US stockpiles) also supported c

Dow Jones index dips into losses following positive market opening. Investors’ concerns about the Fed’s “higher for longer” stance are weighing on risk appetite. Technical picture remains bearish with DJIA retreating from historic highs reached in March. The Dow Jones Industrial Average (DJIA) is po

Outlook Markets took Powell’s “Fed on hold” remarks very much in stride, since they had already come to the same conclusion. We get the Beige Book later today but it’s not likely to deliver anything new. Markets also waved off remarks from the IMF about US over-indebtedness, while appreciating the n

USD/CAD pulls back from the high level of 1.3846, which has not been seen since mid-November. The US Dollar may strengthen further on the likelihood of the Fed extending its tight monetary policy. The lower WTI price could limit the advance of the Canadian Dollar. USD/CAD retreats from a five-month

The March UK CPI report will be released by the Office for National Statistics on Wednesday. United Kingdom’s headline and core annual inflation are set to ease in March. The UK CPI report could hint at the BoE’s interest rate cut, rocking the Pound Sterling. The highly-anticipated United Kingdom’s

New Zealand will on Wednesday release Q1 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GDP is expected to rise 0.6 percent on quarter and 5.0 percent on year after adding 0.5 percent on quarter and 4.7 percent on year in the previous three months.

The value of the U.S. dollar is currently seeing modest strength on Tuesday after fluctuating earlier in the trading day. Currently, the U.S. dollar index is trading at 106.36 points up 0.15 points or 0.1 percent, but well off its highs of the session. The greenback is trading at 154.67 yen compared

In this technical blog we’re going to take a quick look at the Elliott Wave charts of CADJPY , published in members area of the website. As our members know we are favoring the long side in YEN pairs. Recently the pair has given us 3 waves pull back that found buyers right at the equal legs area. In

Summary After spending the better part of the past year in the doldrums, the factory sector is showing signs of life. Industrial production rose 0.4% in March, coming on the heels of an upward revision to February. The outturn marks two consecutive months of increases for the first time since early