Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EUR/USD: hints from the weekly chart
Information is not investment advice
EUR/USD formed a bearish candlestick with a big upper wick on the weekly chart. It failed to close above the 200-week MA in the 1.1340 area. The weak euro area’s PMI figures hurt the euro. Overall, it looks like it will be hard for the euro to get higher. As a result, our main idea is to sell EUR/USD on its attempt to revisit resistance. The situation will become easier for bulls only if the price pushes above 1.1350.
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.