| The big picture the question is: Will we return to a 2010s style regime of low inflation and low rates? Last week's CPI data showed that we are and I think that's a big tailwind for all risk assets. The focus right now is on central banks but waiting longer to cut rates probably won't be bullish for risk-sensitive currencies because headwinds are mounting, particularly due to housing and immigration. LET'S CONNECT! Facebook ► / forexlive Twitter ► / forexlive Homepage ► http://www.forexlive.com/ |
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2024-01-12
Despite closing the week with a bearish bias, the AUDUSD shows potential for a reversal as it hovers near key support and resistance levels. Traders should watch for a breakout above the swing level at 0.6738 or a breakdown below the swing area at 0.6676 for further confirmation of direction.
NZDUSD: Muddling along. Flip-a-coin as traders work through more bullish or more bearish.
2024-01-09
The NZDUSD buyers and sellers are unsure of the next move and that is being reflective in the technicals for the pair.
EURUSD continues bullish surge, eyeing retracement target after breaking key resistance
2024-01-08
EURUSD rallies above swing area at 1.0975, aims for 38.2% retracement level at 1.0986 and 200-hour MA at 1.09999.
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