by SignalsFactory Staff | May 16, 2023 | Uncategorized
Canadian dollar gains as sticky inflation raises the risks of further BoC’s rate hikes Canada’s April inflation accelerates to 4.4% y-o-y from 4.1% y-o-y, three-tenths of a percent above market expectations This article looks at...
by SignalsFactory Staff | May 15, 2023 | Uncategorized
U.S. dollar begins the week on the back foot, undermined by concerns over the U.S. debt limit impasse and disappointing economic data The U.S. retail sales and industrial production reports from April should be watched on Tuesday In terms of technical analysis, the...
by SignalsFactory Staff | May 11, 2023 | Uncategorized
The US Dollar was undermined by CPI and lower Treasury yields China CPI sunk in April as central bank pivots move into the conversation All eyes are on the BoE today but ECB members might also have something to say The US Dollar slid lower overnight after headline CPI...
by SignalsFactory Staff | May 10, 2023 | Uncategorized
Gold price pares weekly gains, snaps two-day winning streak ahead of US CPI. Mixed sentiment, sluggish US Dollar prods XAU/USD bulls amid light calendar elsewhere. Easing US inflation pressure can help the Gold price to cross $2,050 key hurdle. Gold price (XAU/USD)...
by SignalsFactory Staff | May 9, 2023 | Uncategorized
EUR/JPY reverses two daily gains and challenges 148.00. The resumption of the buying pressure should target 150.00. EUR/JPY comes under pressure and puts the 148.00 neighbourhood to the test on Tuesday. It seems the bullish outlook now appears somewhat dented. Against...
by SignalsFactory Staff | May 8, 2023 | Uncategorized
AUD/JPY Technicals Hint at Exhaustion as RSI Enters Overbought Territory. USD/JPY Sideways Price Action as Dollar and Yen Grapple for Superiority. EUR/JPY Bounces Off Trendline and 50-day MA. Further Gains in Store Above the 150.00 Handle? JAPANESE YEN BACKDROP...
