BilalForex
He liked
Mexican Peso retreats as USD/MXN rises on Fed’s hawkish signals, strong US data
Mexican Peso slips from multi-year lows, reacting to optimistic US growth figures and labor market resilience. Strong US GDP growth in Q4 2023 and a robust labor market boosted the US Dollar, a headwind for the Mexican currency. Fed’s Waller remains hawkish, adhering to the “higher for longer” mantr
He liked
Will they won’t they cut rates is the question of Q2?
Stock markets seem to rally no matter what is thrown at them this week. The S&P 500 is a mere 0.28% away from rising by 10% in Q1. This is the last main day of trading before the Easter holiday, and a couple of key themes are emerging: 1, there has been some significant push back from Fed and Ba
He liked
BoJ’s Summary of Opinions: YCC, negative rate, and other massive stimulus tools have accomplished their roles
Bank of Japan (BoJ) published the Summary of Opinions from its March monetary policy meeting on March 18 and 19, with the key findings noted below. Key quotes “One member said YCC, negative rate, and other massive stimulus tools have accomplished their roles.” “One member said BoJ must guide monetar
He liked
AUD/USD outlook: Bearish bias below the base of thick daily cloud
AUD/USD AUDUSD remains under pressure as the price action was capped by the base of thick daily cloud (currently at 0.6531) in past few sessions, while a batch on daily MA’s in bearish configuration, weighs heavily. Bears pressure a higher base at 0.6500 zone (also Fibo 76.4% of 0.6442/0.6667 ascend
He liked
USD/CHF outlook: Rises to the highest in nearly five months
USD/CHF The USDCHF continues to trend higher within the broader bull-channel and hit new multi-week high (the highest since Nov 2) on Wednesday. Larger bulls accelerated after surprise rate cut by SNB last week, which increased pressure on Swiss franc and continues to weigh, with sustained break abo
He liked
USD/JPY Price Analysis: Possibility of Key Reversal Day forming
USD/JPY could be forming a bearish Key Reversal Day. A bearish close on Wednesday will validate the one-day pattern. It often signifies major peaks and occurred at the highs of the stock market in 2007 prior to the crisis. USD/JPY is trading back in the lower 151.000s on Wednesday after rising up to
He liked
Are USD/JPY bulls ready for a new record high? [Video]
USD/JPY trades higher again, testing the October 21, 2022 high. Last week's events have renewed the bullish pressure as intervention risk increases. Momentum indicators support the bullish move; all eyes are on the stochastic oscillator. USD/JPY is continuing its journey north and it is now testing
He liked
He liked
AUD/USD Price Analysis: Bearish momentum holds steady, bulls remain weak
The daily RSI reveals a potential increase in bearish momentum if the index remains below 50. Under key SMAs on the daily chart, the pair signals rising selling traction, requiring buyers to recover these significant levels. After the intense losses on Friday, indicators are consolidating in negativ
He liked
He liked
He liked
He liked
Pull-up Update