What happened? Japanese shares fell on Monday…
USD/JPY: bearish 'Tweezers' pattern
2019-11-11 • Updated
There's a bearish 'Tweezers' pattern, but the 34 Moving Average acted as support so that we could have a local bullish correction. Nevertheless, the pair is likely going to test the lower 'Window' afterwards.
The lower 'Window' is acting as support, so we've got a 'Harami' pattern. So, the market is likely going to reach the upper 'Window', which could be a departure point for another decline.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!
In September 2022, USDSGD almost retested its peak of March 2020. The pair spiked above the 1.4400 level, driven by the strong US Dollar. Despite the obvious dominance of the USD, analysts believe that the Singapore dollar may be the one exotic currency worth our attention. Why do they share this opinion, and should we believe them?
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.