Last week, the annual inflation rate in the US accelerated to 5% in May of 2021 from 4.2% in April and above market forecasts of 4.7%. Furthermore, the Core consumer prices…
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USD/CAD Technical Analysis, the pair reached the first target of the third weekly bearish wave and started decelerating
Technical analysis for the USD/CAD, the pair reached the first target of the third weekly bearish wave at 1.272 FIB extension at 1.2000 and started decelerating on the weekly chart….
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DXY dollar index Technical analysis, decelerating on the weekly chart, broke above descending price channel on the 4H chart
DXY dollar index technical analysis, the index is decelerating at support zone for three weeks now, unwilling to break lower for a retest of 2021 low and eventually a retest…
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FXCM dollar index Technical analysis, the index is stuck in a range for four weeks
Technical analysis for the FXCM dollar index, the index is stuck in a range for four weeks. The bias is still to the downside as a continuation of the breakout,…
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FED will start to unwind its portfolio of corporate bond ETFs
Another volatile week in the currency markets, caused by the strong ADP Employment report for the US, the number came at 978K vs. an expectation for 650K. That pushed the market…
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The markets balance between Central Banks policies changes, countries huge budgets deficits, and rising inflation
Last week ended with increased volatility caused by the release of a report for the US PCE Price Index YoY APR, which came at 3.6% vs. an expectation for 3.00% and…
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Members of the FOMC expressed a desire to talk about QE tapering during the Committee’s meeting in June
From the latest FOMC Meeting Minutes released last week, we learned that “a number of participants suggested that if the economy continued to make rapid progress toward the Committee’s goals,…
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EUR/AUD Technical analysis, the pair formed ascending triangle on the daily chart
Technical analysis for EUR/AUD, the pair bounced from ascending trend line on the weekly chart and formed ascending triangle on the daily chart, a signal for further upside potential. If…
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Spike in the US inflation, will the FED blink, Central Banks are back on focus
The volatility in the markets started with the weak US Non-Farm Payroll report for April 2021 and continued with the US inflation reports on Wednesdays, the 12th of May 2021….
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Gold Technical analysis, the price broke out on the daily and the weekly chart closing above 1800$
Technical analysis for Gold (XAU/USD), the price broke above the double tops and resistance zone between 1790-1805 on the daily chart. The first target of this breakout is at 1.272…
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NZD/USD Technical analysis, the pair bounced from 0.7122 and resumed the bullish trend
Technical analysis for the NZD/USD, the pair bounced from the support at 0.7122 with strong bullish momentum, resuming the bullish trend. The first target of the daily bullish run is…
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GBP/USD Technical analysis, the pair closed the week with a bullish engulfing candle, resuming the bullish trend
Technical analysis for the GBP/USD, the pair closed the week with a bullish engulfing candle on the weekly chart, breaking above the previous daily high, resuming the bullish trend. The…
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