USD/JPY Forecast: USD Continues to Recover Against Yen
It was amazing to watch Wall Street just talk about the Fed as if they are not fighting inflation and are more concerned about the stock market and what Wall…
EUR/USD Forecast: Threatening to Break Down after ADP Numbers
Jobs could be a catalyst, but now I think it’s much clearer that the US dollar is still needed and wanted, and the recent pullback in the dollar could present…
China announces extension of trading hours for onshore yuan
The announcement comes via the PBOC and will take effect on January 3rd. Thus, the domestic interbank foreign exchange market, Chinese Foreign Exchange Trading System and# 0;CFETSand# 1; follow the…
This year the US 10-year yield rose by the most since at least 1953
It is the most important chart in the world. When you watch TV, it’s about annual losses in the stock market, but there’s a lot more money in global bonds,…
GBP/JPY PRICE ANALYSIS: POUND, UNDER PRESSURE, TESTING SUPPORT AT 160.90
Sterling is down 0.5% on the day after failing to rise above the 161.90 Fib. resistance The pair broke the short-term uptrend line and is now testing the 160.90 support…
USD/ZAR TO PLUMMET TOWARD 15.00 BY END-2023 – SOCGEN
The rand has fallen about 10% against the US dollar this year on the spot. Economists at Société Générale expect the USD/ZAR pair to fall to 15 by the end…
Bitcoin may be near the bottom, but years from the next FOMO
Bitcoin is down 1.3% over the past seven days and has remained just below $17,000 since Saturday. Ethereum lost 5.3% to $1,180. Other top 10 major altcoins fell 8.8% (XRP)…
WTI crude oil settles at $78.96
WTI crude futures were down $0.57, or 0.7%, at $78.96. The lowest price was $79.85. The low price rose to $77.35. Looking at the hourly chart above, price has traded…
EUR/USD Forecast: Gives Up the Original Shot Higher on Thursday
I think the Euro is over inflated and has nothing to do from a fundamental point of view, but I also understand that a level above 1.08 is the door…
Gold Forecast: Markets Fall Through Bottom of Rising Wedge
Remember that there is a severe lack of liquidity at the end of the year and gold can be somewhat volatile. The gold market is in a fairly strong downtrend…