The recent news regarding inflation in Japan indicates that the country is experiencing a gradual weakening of inflation rates, aligning with initial expectations. The Core CPI in Japan, when compared to previous months, has shown a decline in annual terms. With actual rates falling below forecasted and previous values, the economy is facing challenges in
Technical Analysis
The recent Bank of Japan policy changes have caused the Japanese yen to show limited movement, with USD/JPY trading at 151.25 in the North American session, down 0.13%. Despite the rate hike by the BoJ, the yen did not respond with gains as expected, leading to a drop in value. The BoJ raised interest rates
The recent movement in the price of Bitcoin has raised concerns among investors as it approached the lower boundary of the ascending channel. The possibility of a weekly bearish candle forming with a 5% decline in BTC price seemed imminent. However, the situation took a turn over the weekend as the price of Bitcoin rebounded
The recent decline of EUR/USD from the 1.0950 resistance zone has put the pair in a bearish zone. With a break below the 1.0880 support, EUR/USD entered a key contracting triangle with support at 1.0840. This led to the pair settling below the 1.0850 level, as well as the 100 simple moving average (red, 4-hour)
The recent comments from the Federal Reserve had a significant impact on the gold market, leading to a 3% increase initially. However, the dollar’s recovery later in the day caused this gain to dwindle to just 0.5%. This volatility in the market showcases the uncertainty and unpredictability that investors are currently facing. While the technical
USDCAD recently experienced a flash drop to 1.3454 but managed to recover successfully. The pair closed Thursday’s session above both the 50-day and 200-day Simple Moving Averages (SMAs), indicating a strong bullish momentum. This recovery has allowed USDCAD to maintain its position within a short-term bullish channel. On Friday, the bulls took charge and drove
The Federal Reserve’s recent decision to maintain the dot plot view for interest rate reductions this year has resulted in a direct response in the markets. Federal Reserve Chair Jerome Powell’s accommodative stance following the FOMC meeting has led to a decline in the dollar. Powell’s willingness to maintain vigilance on inflation while indicating a
The AUDUSD pair has been experiencing a steady decline since early March, slipping below both its 50- and 200-day simple moving averages (SMAs). However, following dovish signals from the FOMC, the pair managed to reverse its downward trend and reclaim the SMAs. This recovery comes as a result of the market reacting positively to the
The Bank of England’s decision to maintain interest rates at 5.25% in its recent meeting reflects the cautious approach policymakers are taking in light of stable inflation at 4.0% y/y in January. While one member advocated for a rate cut, the central bank refrained from making any immediate changes, citing the need for further evidence
Crude oil bulls are eagerly anticipating a breakout above the $82.80 resistance level, as per the latest technical analysis. The recent surge in crude oil prices was fueled by a base formation above $76.80, followed by a strong push above the $80.00 resistance zone. The 4-hour chart of XTI/USD indicates a significant breakthrough of a
The Reserve Bank of Australia (RBA) held its current interest rates at 4.35% after a meeting that lasted two days. Despite keeping rates unchanged since December, the RBA has hinted at the potential for further rate hikes owing to persistent high inflation, which has surpassed its target range of 2% to 3%. During the February
The recent price movements of the USD/JPY pair have shown a negative reaction just below the key resistance level of 150.70. A significant drop of -435 pips or -2.9% occurred, leading the pair to hit a low of 146.48 on 8 March. Following this, there was a gradual upward movement that brought the USD/JPY back