JPY pressure is intense at the moment. 10-year US Treasury yields have moved above 3% and as long as those yields are rushing higher, momentum is bullish in USD/JPY. The BoJ continues to view the weak yen as mainly positive.
The last six days have been a choppy affair for the NQ100_m with prices trading in a downward-sloping range on the daily charts. However, we see a bullish flag formation in play after the initial rally from August 25th.
Gold bulls reign supreme after conquering $2000 level
Gold prices held above the psychological $2000 level on Wednesday, hitting levels not seen in 13 months thanks to a weaker dollar and speculation around the Fed’s tightening cycle nearing an end.
Dollar downside halted as China Covid concerns deepen
The risk-off mood from the new surge in Covid infections in China saw a bid in the greenback. This offset the Fed speakers on the wires who were less hawkish than recent chatter.
JPY pressure is intense at the moment. 10-year US Treasury yields have moved above 3% and as long as those yields are rushing higher, momentum is bul...
USDJPY
Japanese Yen
Bank of Japan
yield curve control
RBA
Reserve Bank of Australia
AUDUSD
Aussie
risk sentiment
DXY
Dollar index
Stocks
S&P 500
ECB
European Central Bank
inflation
FED
FOMC
Federal Reserve
The last six days have been a choppy affair for the NQ100_m with prices trading in a downward-sloping range on the daily charts. However, we see a bul...
Nasdaq 100
SMA
EMA
Federal Reserve
tech stocks
Technical Analysis
Gold prices held above the psychological $2000 level on Wednesday, hitting levels not seen in 13 months thanks to a weaker dollar and speculation arou...
The risk-off mood from the new surge in Covid infections in China saw a bid in the greenback. This offset the Fed speakers on the wires who were less ...
US Dollar
DXY
Covid-19
China
safe haven
Federal Reserve
rate hikes
inflation
Fed speak
FOMC
Crude Oil
OPEC+
Recession
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