Weekly Market Update 28 August- Dollar’s Robust Rally Towards 104.4: Post Jackson Hole Analysis 1. The dollar ended the week strong at around 104.4, closing at 1.36% highs from its troughs, with all initial drawdowns incurred during the week almost immediately covered by the dollar’s
Weekly Technical Analysis Report 25 Aug – Bullish outlook on USDJPY 1. This week’s outlook on USDJPY: Bullish outlook seen On the H4 timeframe, the pair broke above the upper level of a descending channel, and is encroaching towards the previous high at 146.500. With
Weekly Market Update 21 August- Dollar Dominance Persists: Ascends to 103.5 in Impressive Rally 1. The dollar thrives and claims its throne among its G10 peers as it pursues on with its rally, closing the week near 103.5, upon upbeat retail sales data. On Monday,
Weekly Technical Analysis Report 18 Aug – Bullish outlook on EURUSD 1. This week’s outlook on EURUSD: Bullish outlook seen On the daily timeframe, the pair is currently trading within a bullish channel, forming higher lows and higher highs. Current price movement is trending towards
Weekly Market Update 14 August- Resilient Dollar Breaks Through 102.8 Ceiling, Outshining G10 Currency Peers 1. Riding off from positive U.S. economic data, the dollar index has, yet again, proved resilient among its G10 currency peers to close the week off above 102.8 on the back
Weekly Technical Analysis Report 11 Aug – Bullish outlook on USDCAD 1. This week’s outlook on USDCAD: Bullish outlook seen On the H4 timeframe, there is bullish order flow, with higher lows and higher highs created. A throwback to support zone at 1.3380, which is
Weekly Market Update 7 August- Strong Dollar Surges Past 102 Despite Disappointing Jobs Report 1. Amidst positive market sentiments regarding the soft-landing in the US economy, the dollar surged to nearly 103.0 before settling at 102.0 last week due to disappointing Non-Farm Payroll (NFP) figures. Although
Weekly Technical Analysis Report 5 Aug – Bearish outlook on NZDUSD 1. This week’s outlook on NZDUSD: Bearish outlook seen Price has been adhering to the observed descending trendline on the H4 timeframe. A pullback to the key resistance zone at 0.6150, which coincides with
2023 July Outlook for G7 Currencies Dollar Fundamental perspective: July witnessed the collapse of the dollar from its high of 103.5 to the low of 99.5 as non-farm payroll and CPI, which was reported at 3% growth, moderated more than consensus had expected. In addition,