The USD/JPY pair has seen a decline as the US Dollar weakens on the back of the dovish Federal Reserve’s outlook in the first quarter of 2024. During the early European session on Thursday, the pair is trading lower around 140.80. In this article, we will analyze the current technical indicators and levels of support
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America Airlines (AAL) has shown signs of a potential rally, as indicated by the Short Term Elliott Wave View. Analyzing the movement from the low on 10.31.2023, it appears that a 5-wave impulse structure is currently in progress. This suggests that the stock has the potential to continue its upward trajectory. Following the low on
China has recently published an interim report on its 14th five-year plan, highlighting its intention to enhance domestic demand for economic recovery and stable growth. This article aims to analyze the key points of the plan and its potential impact on the Australian Dollar (AUD). The 14th five-year plan emphasizes the restoration and expansion of
The US Dollar (USD) is experiencing a continued decline as market participants anticipate a series of rate cuts in 2024. Despite messages from US Federal Reserve members following the last rate decision in December, which were largely ignored, the market is fully pricing in six rate cuts. This prevailing sentiment has resulted in the US
In today’s ever-changing global financial landscape, it is crucial to closely analyze economic data and currency movements. These factors play a significant role in shaping market sentiment and impacting various asset classes. This article aims to critically assess the recent trends and developments within the financial markets. One prominent theme worth discussing is the weakening
In the aftermath of the holiday season, the Euro is steadily climbing higher against the weak Japanese Yen. This upward movement can be attributed to the positive market sentiment prevailing after Christmas. While other currencies might be struggling to maintain their momentum, the Euro seems to be benefiting from the current risk-on mood, making it
The gold price has been moving sideways, indicating a period of consolidation in market activity. During the Asian session on Wednesday, gold was seen hovering above $2,060 per troy ounce. This upward movement in gold prices can be attributed to traders factoring in the potential for rate cuts by the Federal Reserve (Fed). According to
The Australian Dollar (AUD) has reached a fresh five-month high against the US Dollar (USD), as risk appetite improves in the market. The AUD/USD pair is currently trading below the recent high of 0.6829, which it hasn’t touched in almost five months. This surge in the Australian Dollar is primarily driven by an optimistic outlook
The Bank of Japan (BoJ) is grappling with the challenge of achieving its inflation target amidst economic uncertainties. In a recent speech, BoJ Governor Kazuo Ueda acknowledged the gradual progress being made towards the target but emphasized the need for sustained improvement. This article delves into the obstacles faced by the central bank and examines
The US Dollar is experiencing a rebound after a recent selloff. Meanwhile, the Canadian Dollar, also known as the Loonie, briefly rallied to a fresh 19-week high. This article discusses the factors contributing to the fluctuation in the exchange rate between the USD and CAD. The USD/CAD pair is set for a fifth weekly decline
Gold prices experienced a retreat after briefly reaching $2,070 on Friday, before paring back towards the day’s opening bids. The market’s anticipation of the Federal Reserve (Fed) initiating interest rate cuts has contributed to the rise of gold prices. However, receding US inflation has dampened these expectations, leading to a more cautious outlook on the
The Indian Rupee (INR) struggled to find traction against the USD on Thursday, as concerns over rising inflation continued to weigh on the currency. The Reserve Bank of India’s (RBI) monthly bulletin highlighted the urgent need to bring down inflation to safeguard economic growth. Additionally, investors turned their attention to the upcoming release of the