USDMXN Can Be a Good Short With Crude Oil On The Rise
USDCAD has been in a bearish trend since the end of 2022.
USDCAD has been in a bearish trend since the end of 2022.
Today, I want to talk about silver because it’s one of the things that everyone expects to break higher.
The USD has recently demonstrated an upward trend, after higher inflation data last week but still below 3.3% expectations y/y.
In previous decades, financial markets also faced turbulent periods and sharp declines due to global economic and political events.
Up until now this year, the pound has made significant upward progress, continuing its recovery that began in September 2022 after a massive capitulation, pushing it to levels not seen since 1985 at 1.05.
What Next, Chairman Powell? This week will be an important one, with Fed Chairman Jay Powell testifying before the Joint Economic Committee in Washington DC, followed by Nonfarm Payrolls on Friday.
US Inflation Surprised to the Upside – What Next? This month’s most important economic data release was arguably yesterday’s US CPI, and it surprised to the upside.
The recent BoJ action has caused the JPY to move sharply – what do technicals show going forward?