Forex

USDMXN

Will the USDMXN run counter to general dollar strength?

The US dollar has found a mild bullish impetus in Jerome Powell’s ECB forum appearance where he reiterated his hawkish outlook for the US economy. Powell believes that the US economy remains well positioned to absorb tighter credit conditions while...
Australian dollar

Economic view of the Australian dollar

As fears that a recession is just around the corner for the US, some economists are warning that Australia could follow suit. Some, however, remain bullish on the Australian economy due to high household savings, strong commodity exports, accommodative government...
NZDUSD

Is the NZDUSD bearish or bullish?

The Reserve Bank of New Zealand (RBNZ), showing concern about inflation, made another 50bsp hike during May taking its Official Cash Rate to 2.0%. The hawkish tone and actions of the RBNZ paired with fears the US economy could tip...
recession

Is the US on the brink of a recession?

Nearly 70% of academic economists recently surveyed by the Financial Times in partnership with the Initiative on Global Markets at the University of Chicago’s Booth School of Business expect the US economy to fall into a recession in 2023. Of...
GBPJPY

Is the GBPJPY overcooked?

The Sterling has appreciated almost 8.5% against the Japanese yen since May 12, and the steep climb may have begun to look overdone as the price retraces back for the past days. The Bank of England (BOE) hiked its benchmark...
USDCHF

USDCHF is reaching for parity again

The USDCHF can be relatively slow-moving compared to other major forex pairs. However, we have seen some significant moves since March this year. In fact, the most recent April monthly candle was the largest bodied candle in almost seven years....
CADJPY

CADJPY climbing towards historical resistance

The Japanese yen's weakness is obvious across all its pairs, including against the Canadian dollar. The CADJPY has displayed a strong bullish uptrend after its breakout above the 92 price level, on a monthly time frame, and is now facing...
Singapore dollar

Singapore dollar weighing down the British pound

With an Aroon indicator on the chart of GBPSGD, we can look at the portions highlighted within the two circles and their corresponding trends in the chart above. The Aroon indicator is typically used for spotting trends and the strength...
AUDCAD

AUDCAD; battle of the commodity currencies

The AUDCAD pair has had an interesting year so far, with plenty of volatility. A bearish January was followed by a 600 pip rise during February and March. Then, in April, a 400 pip sell off completely reversed the trend....
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