USD/JPY may face a further decline over the coming days if the exchange rate fails to defend the opening range for May.
Stocks have become so bearish that the most bullish thing is just how bearish everyone is. A mercy bounce developed from major support overnight.
U.S. stocks suffer sharp losses on Wednesday on fears that the Fed will have to deploy more forceful measures to slow inflation, a situation that could trigger a hard landing for the economy.
The recent series of lower highs and lows in the price of gold raises the scope for a further decline as bullion snaps the opening range for May.
The Euro has held ground despite the US Dollar and Japanese Yen lifting as risk assets are pilloried in the wake of lessening liquidity. Will EUR/JPY resume the uptrend?
DailyFX analysts give their expert predictions and their 2022 Q2 forecasts to help you with your trading strategy and analysis, minimizing risk and maximizing returns. Predictions our analysts offe…
April U.S. inflation moderated on an annual basis, cooling to 8.3% from 8.5% in March, but declined less than forecast, increasing the likelihood of a more front-loaded Fed policy response.
With inflation expected to print lower than March’s figure, markets could look for softer USD plays with USD/CAD’s technical set up warranting a closer look
US CPI to provide catalyst for next market direction.
The Euro lays apprehensive at a key area of confluence as US CPI nears, while the recent sideways EUR/USD price action is setup for a breakout post-announcement.
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