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USD/JPY’s fall from 151.89 accelerated to as low as 141.59 last week, but recovered after drawing support from 142.45 fibonacci level. Initial bias remains neutral this week for consolidations first. But recovery should be limited below 147.14 support turned resistance to bring another fall. On the downside, break of 141.59 and sustained trading below 142.45

EUR/USD’s fall from 1.1016 extended to as low as 1.0722 last week. Initial bias stays on the downside this week first. Sustained trading below 55 D EMA (now at 1.0770) will pave the way to retest 1.0447 support. On the upside, above 1.0816 minor resistance will turn intraday bias neutral first. In the bigger picture,

Stocks rallied from early losses this morning as traders weighed this morning’s jobs report and positive consumer sentiment data all of which pointed to which pointed to a soft landing. Futures markets pushed out the much hoped for first rate cut to next summer echoing some Fed official’s mantra of ‘higher rates for longer.’ Predictably,

The diptych of today’s US payrolls and next Tuesday’s US November CPI are the ultimate input for the Fed policy decision next Wednesday. Even as central bankers in their toolbox switched forward guidance for data dependency, the new projections/dots still will be key when investors make up their mind on the Fed’s intentions in 2024.

The bullish trend in USD/JPY has been very strong since early this year, sending this pair close to all-time highs at 152. But comments from BOJ governor Ueda yesterday about a policy exit led the JPY higher, which gained more than 600 pips by the end of the day. Although, the 200 daily SMA held

Will Fed officials be the first to cut rates or will the ECB beat them to it? Falling inflation everywhere means a bearish US dollar is not a given Yen stands to gain from rate cuts as BoJ may hike Is sterling set for another bumpy year? Aussie and kiwi pin hopes on China recovery,

FX brokerage powerhouse Exness reported a double-digit decrease in its trading volumes for the month of November 2023 as the market environment stabilised following a period of high volatility. Exness had its busiest October ever. The multi-regulated platform set a new record with a whopping $4.8 trillion in trading activity, which was 8 percent more

Daily Pivots: (S1) 141.43; (P) 144.38; (R1) 147.10; More… Intraday bias in USD/JPY is turned neutral wit h break of 144.53 minor resistance and some consolidations would be seen. But recovery should be limited below 147.14 support turned resistance to bring another fall. On the downside, break of 141.59 and sustained trading below 142.45 fibonacci

The US labour market has been increasingly showing signs of weakness in recent months, after being quite strong throughout the last two years, despite the FED raising interest rates at an enormous pace. In fact, this sector has been helping consumption in the US, keeping the economy afloat. But, the recent numbers have been soft,