Technical Analysis
CommerzBank, Institutional, Technical Analysis
“Anything else would likely put the Japanese Yen under significant pressure”: Commerzbank on why BoJ should hike rates
The Japanese Yen (JPY) is holding within a narrow trading range against the US Dollar (USD) at around 159.35, but pressures are rising following an acceleration in Tokyo inflation data. With Tokyo headline CPI reaching 1.9% in August and service sector price gains hitting nearly a one-year high, market odds for a Bank of Japan (BoJ) interest […]
by Currency Hedger
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- 2 months ago
JPY, Technical Analysis, USD
Chart of The Day – USD/JPY Eyes 160.00 Again. Will FX Intervention Withstand The Pressure?
The Japanese yen was handed catalysts for gains in the form of higher Tokyo inflation and falling Japanese unemployment, yet it is losing ground against all G10 currencies. USDJPY is dangerously close to its post-intervention peak (160.00; today: +0.12% to 159.500), and a potential impulse following Kevin Warsh’s speech at Jackson Hole could test the […]
by Currency Hedger
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- 2 months ago
EUR, GBP, Technical Analysis
EUR/GBP Price Trading sideways around 0.8500 amid fading bullish traction
The Euro (EUR) nurses moderate losses against the British Pound (GBP), with price action contained within the previous day’s range and market volatility muted, as investors brace for Federal Reserve Chairman Kevin Warsh’s speech at Jackson Hole. The EUR/GBP pair has pulled back to levels near 0.8570 from Thursday’s highs right below 0.8580, with the weekly chart showing marginal gains. […]
by Currency Hedger
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- 2 months ago
Energies, Market Analysis, Technical Analysis
Rising Natgas Prices: Winter Outlook
Natural gas prices are gaining due to concerns about supplies to Europe and high temperatures in the USA. Natural gas prices on both sides of the Atlantic are recording dynamic increases, although they are driven by different fundamental dynamics. While the American market is reacting to the current heatwave, the Old Continent is struggling with […]
by Currency Hedger
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- 2 months ago
Market Analysis, Technical Analysis
Stock of the week: NVIDIA: The Best Company in the World?
There are companies that grow rapidly, companies that can increase the scale of their operations for years, and then there is NVIDIA. Yesterday’s results once again showed how difficult it is to find another company on the global market that combines growth, profitability, and scale of operations at a similar level. Revenue in the second […]
by Currency Hedger
- 0 Comments
- 2 months ago
GBP, Technical Analysis, USD
Trade of The Day – GBP/USD
Facts: Recommendation: Trade: Short position on GBPUSD at market price Target: 1.3525, 1.3480 Stop: 1.3630 Opinion: GBPUSD has been trading in an upward trend recently. However the pair may be experiencing a trend reversal. Looking at the pair at the H1 interval, one can see that the price broke below the lower limit of the […]
by Currency Hedger
- 0 Comments
- 2 months ago
Commodities, Currency Talk, Technical Analysis
Chart of The Day – Why is wheat gaining so strongly?
Wheat prices are currently driven by various overlapping geopolitical risks and rapidly deteriorating global harvest prospects. Recent gains have clearly accelerated, and US wheat contract quotes have reached the 751.1 USD level, making it one of the absolute commodity market leaders recently. How have wheat prices changed recently? Wheat prices are in an uptrend. In […]
by Currency Hedger
- 0 Comments
- 2 months ago
JPY, Technical Analysis, USD
USD/JPY Price – Bulls await breakout above 50% Fibo. hurdle near 159.65
The USD/JPY pair turns positive for the fourth consecutive day following an intraday dip to the 159.00 neighborhood during the Asian session on Thursday. Spot prices currently trade near the weekly high, though the uptick lacks bullish conviction ahead of Tokyo consumer inflation figures and US Federal Reserve (Fed) Kevin Warsh’s speech on Friday. The slightly hot […]
by Currency Hedger
- 0 Comments
- 2 months ago
GBP, Technical Analysis, USD
British Pound languishes near weekly low, below 1.3600 as USD bulls await Warsh’s speech
The GBP/USD pair is seen consolidating near the lower end of its weekly range, below the 1.3600 mark, during the Asian session on Thursday. The downside, however, remains cushioned as traders look for more cues about the US Federal Reserve’s (Fed) interest rate path before placing fresh directional bets. Data released on Wednesday showed that […]
by Currency Hedger
- 0 Comments
- 2 months ago
CAD, Technical Analysis, USD
Canadian Dollar consolidates near weekly low as USD bulls seem hesitant
The USD/CAD pair is seen consolidating near the weekly high and trading around the 1.3875-1.3880 region during the Asian session on Thursday amid mixed fundamental cues. Despite the optimism over the reopening of the Strait of Hormuz, the protracted Russia-Ukraine war keeps a floor under crude oil prices. This is seen offering some support to the commodity-linked […]
by Currency Hedger
- 0 Comments
- 2 months ago