Based on the larger fractal patterns and recent price action, I believe that 106 will send DXY down into the low 90s before any chance of support is discovered.
The graph shows the fall in wage income relative to the rise in prices. We see a rapid decline in the income of citizens. Perhaps this is the effect of the January holidays, because. salaries haven’t yet arrived at the bank and therefore the 3rd week of January is the most depressing. This trend was observed in the period 1979-1981, and it was the bottom of...
As I see in the last idea for DXY, Based on the chart, I predict that tomorrow the Federal Reserve will raise the interest rate by at least 0.75%, and The interest rate will reach 2.5% .
DXY index will resume its growth after its correction.
The New Zealand dollar is in positive territory on Wednesday, as the currency looks for its first winning session since April 20th.
The New Zealand labour market remains robust, as confirmed by the Q1 employment report. The unemployment rate remained at a record low of 3.2%, matching expectations. Employment growth fell to 2.9%, (3.1% exp.), which was down from...
It was another tough week for the Australian dollar, as AUD/USD fell 2.53%. In the European session, AUD/USD is trading quietly at 0.7046.
The RBA will be in the spotlight, as it holds its policy meeting on Tuesday. This meeting is live, as it's unclear what policy makers have planned. There's little doubt that the RBA is poised to embark on a rate-hike cycle,...
Chart to illustrate the oil prices as a leading indicator of month over month inflation rates.
Inflation statistics mirror oil price action with a lag of about 1-2 months.
"Federal Reserve Chair Jerome Powell said in his semiannual testimony before the U.S. Senate Banking Committee in March 2022 that, as a rule of thumb, every $10 per barrel increase in the...
The Canadian dollar is considerably lower in the Thursday session. Currently, USD/CAD is trading at 1.2474, up 0.56% on the day.
Canada releases Retail Sales for January on Friday (12:30 GMT), with the street consensus pointing to declines. Headline retail sales is expected at -3.0%, while Core Retail Sales is projected at -2.8%. Both indicators registered...
..but there isn't strong enough rationale for my liking, to start shifting my entire bias even to a cautious bullish (meaning taking Long signals but with an extremely small position). The federal reserve did cut their interest rates but I still believe there is still a divergent monetary policy between ECB and Federal Reserve. ECB is in QE, Fed Reserve is not....
There is an increase in low-paid jobs and a demand for low-skilled workers, hence their replacement is high, which is a deterrent to wage growth, and hence inflationary pressure. Employment growth in the sectors where higher qualification is required will be the first shift from the dead-end, where it can be said that employment will give impetus to the growth of...
Recently we have seen FX:USDJPY reverse from the Major Resistance Level @ 114.000 with Sellers taking back over bringing price straight back down from the Bullish run we had experienced.
This pair has been creating some really nice structure in this current Downtrend with a series of Lower Low & Lower Highs. I believe there is now opportunity to start selling...
With the Federal Reserve finally raising interest rates and risk sentiment entering the market, there is potential for a bullish break of a falling wedge.
We are very right side of the market, pair broken down the bearish channel. In idea case, stop loss can be moved up bit, but we are not changing our initial plan and stick to 8300 stop loss level, and same for target.
