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USDJPY: Asian foreign exchange was little changed, the dollar neMost Asian currencies were range-bound on Monday, while the dollar fell near a two-month low as markets awaited key US inflation data for further reading. signals about when the Federal Reserve will cut interest rates. Regional currencies are surging from last week after dovish signals from Fed Chairman Jerome Powell and labor data reinforced expectations that the central bank will begin cutting interest rates soon. after June. This notion weighed on the dollar, dragging the greenback to a nearly two-month low. Japanese yen is nearly 1 month high as expectations of BOJ's pivot increase The Japanese yen is one of the currencies that has benefited the most from the dollar's decline, rising sharply in the past two sessions to its highest level in more than a month. The yen traded around 147 per dollar on Monday and was also supported by growing confidence that the Bank of Japan is close to ending its policy of negative interest rates and yield curve control this week. next. The upwardly revised GDP data shows that the Japanese economy is avoiding a technical recession in the fourth quarter. The strength of the economy gives the BOJ more room to tighten policy sooner. The BOJ is expected to hold a meeting next week, with a Reuters report saying that policymakers are considering changing interest rates in March or late April. Other Asian currencies moved in flat to low ranges. The Australian dollar fell 0.2% as expectations that the Reserve Bank would gradually increase interest rates weighed on the currency. Signs of cooling economic growth also raise expectations that the RBA will cut interest rates this year.
Long
by Chart_MasterPro
USDJPY: Asian Foreign Exchange market is quietThe Japanese yen hovered close to a four-month low, whilst statistics confirmed inflation in Tokyo recovered as predicted in February. Stable inflation offers the Bank of Japan extra motivation to elevate hobby costs from extraordinarily low levels. The greenback index and greenback index futures had been consistent at some point of the session buying and selling in Asia on Tuesday, after seeing a few volatility in latest sessions. While latest statistics indicates inflation withinside the US relatively stabilizing, buyers appear like preserving bets that the Fed will reduce hobby costs in June. But the change is predicted to be in large part examined this week, with a two-day testimony from Fed Chairman Jerome Powell in which analysts anticipate him to preserve tons of his hawkish stance. . Then key nonfarm payrolls statistics is due out this Friday and is predicted to offer similarly alerts at the hard work market.
Long
by Chart_MasterPro
MSFT to $395Overview Microsoft ( NASDAQ:MSFT ) appears to be within an ascending channel and has reached the resistance line that coincides with the peak of an impulse wave (Wave 3). Utilizing the impulse waves within the channel, a price target of $395 seems probable and may provide a decent Puts trade. If the ascending channel provides textbook formation then a low of $365 is also possible, however, volume and selling pressure should be carefully watched around the $395 price level as steeper declines will require more validation. The following technical indicators give me confidence that significant selling pressure will soon occur: Volume -- except for a single outlier in December -- has been steadily decreasing since the channel developed. On-Balance Volume appears to have reached a ceiling that will need to be carefully watched in the event of a breakout. Relative Strength Index shows an RSI (green) retreating from the overbought zone. While it is experiencing a slight uptick back to the MA (red), there is still plenty of room until the indicators approach oversold or for the RSI to cross from beneath. Moving Average Convergence Divergence (MACD) has just crossed its signal line (red) from above and is nosediving downward. In addition, it is showing a divergence as the peaks of the MACD are inverted from the peaks of MSFT's share price.
NASDAQ:MSFT
by Shepherd_Investor
Sui Very BullishWe were Squeezing back in November, We started having an outbreak in positive volume. Once we crossed over the 50 period moving average we started a new trend. We had a golden cross and didn't have a pullback until Jan 15th where we started a correction and had a healthy touch on the .618 before continuing crushing the previous swing high finding it's way with some resistance around the 1.61 fib at 2.12 After 2.12 according to the fib extension we can look at price targets 3.20, 4.28, and 4.95 in the not so distant future.
Long
by Tracking_Technicals
USDJPY: Fed Chairman Powell: An interest rate cut in March is unFed Chairman Powell participated withinside the American tv program "60 Minutes": With the economic system strong, we sense the want to take into account the timing of hobby price cuts carefully Confidence is rising, however we need to be even greater assured as we take the `very critical step' of beginning to reduce hobby rates Achieving desirable development on inflation An early selection can be made if exertions marketplace weak spot is mentioned or there's convincing proof that inflation is surely falling. An hobby price reduce in March is not going Inflation expectancies will hold to say no withinside the first 6 months of this yr because of essential impacts Expect the 12-month inflation index to say no this yr Most 19 policymakers see hobby price cuts this yr as appropriate We do now no longer convey politics into our selection making There isn't anyt any excessive opportunity of recession Do now no longer take into account business actual property loans because the purpose of the disaster as withinside the past China issues are not going to have an effect on the United States economic system, there'll likely be a few impacts, however they may now no longer be large Geopolitical danger is taken into consideration the largest short-time period danger, however for different areas of the arena it's miles even more than the United States
Short
by Chart_MasterPro
AUDJPY M30 / NEW Forecast / Expecting a Bearish Move 📉Hello Traders! This is my idea related to AudJpy M30. I expect a bearish move on Monday, and I will look for a short trade entry if confirmed. As an objective, I want to see a move until the BOSS level. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
2
USDJPY: The dollar was little changed before the European sessioVolatility among major currencies was relatively mild ahead of today's European session. The Australian dollar edged up slightly, building on yesterday's sharp recovery during the US session. Notably, AUD/USD bounced off the December low and 100-day moving average at 0.6525-30 but is now returning to its previous accumulation phase near 0.6600 USD/JPY fell to a more than two-week low and tested the 146.00 level yesterday. That comes after Treasury yields fell sharply again, which made things more complicated this week. There are no data of note on the economic calendar in Europe today. Thus, all focus and attention will be on the upcoming US employment report.
Long
by Chart_MasterPro
EURUSD: The ECB's policy decision is the highlight of today's ec The dollar rose slightly early in the day after being mixed in yesterday's trading. Rising Treasury yields of late have supported the greenback. US stocks also saw late declines, although technology stocks again outperformed as the Nasdaq index closed up 0.4%. The S&P 500 managed to rise 0.1% while the Dow closed down 0.3%. US futures are currently flat. In the bond market, the 10-year bond yield in the US decreased 2 basis points to 4.158%. ECB President Lagarde will continue to speak based on the data but traders will keep an eye out for any unexpected comments from her. The market prices the ECB's ability to cut interest rates in April at 72% and expects 127 basis points of interest rate cuts this year.
Long
by Chart_MasterPro
GBPJPY: Asian foreign exchange markets fell, the USD was strongeMost Asian currencies were mildly volatile on Friday but headed for weekly losses, while the dollar hovered near a one-month high amid growing doubts that the Federal Reserve will cut interest rates early this year. The Japanese Yen was hit the hardest due to concerns about higher interest rates for longer and was also the worst performing currency in Asia this week. The yen fell 0.1% on Friday and is forecast to fall 2.3% this week. Friday's data showed Japan's consumer price index (CPI) inflation fell to its lowest since June 2022 in December, prompting the Bank of Japan to maintain much of its ultra-extreme policy. his moderation at {{ecl -165||next week's meeting}}.
Long
by Chart_MasterPro
GBPUSD: Dollar slides lower after CPI data; Sterling is supporteThe dollar steadied in early European trade on Friday as investors focused on mixed U.S. consumer inflation data and the potential impact of the FBI's interest rate cut. Future Federal Reserve System. As of 4:25 p.m. ET (9:25 p.m. Japan time), the dollar index against a basket of six other currencies was trading steady at 102.022, down from Thursday's high of 102.76 (a five-month low). Although it has fallen from a certain point of 100.61, it is still above it. U.S. consumer prices rose 0.3% in December, according to data released Thursday. The annual rate of increase was 3.4%, exceeding expectations of 0.2% and 3.2% increases, respectively. increase. However, the dollar received little support from this, as the "core" CPI, which excludes volatile food and energy prices, fell again, suggesting underlying inflation remained subdued. Federal Reserve officials have sought to downplay the possibility of early rate cuts, with Cleveland Fed President Loretta Mester saying Thursday that the latest CPI numbers indicate it may be too early for the central bank to cut rates. Major interest rate cuts in March. But most traders still expect the Fed to start cutting rates as early as March. "A rate cut in March is still priced in by more than 60%, and we still see near-term vulnerability in risk assets from this move," ING analysts said in a note. The new decision is too restrictive. ” All eyes are now on the US producer price index, which will be released in late trading, with the index expected to rise 0.1% in December, bringing the annual rate of increase to just 1.3%. In Europe, the pound/dollar pair rose 0.1% to 1.2775 after data released on Friday showed the British economy grew slightly more than expected in November. The country's GDP rose 0.3% this month, beating expectations for a 0.2% increase.
Long
by Chart_MasterPro
EURJPY: Japanese yen suffers big loss due to doubts about Bank o Asian trading volumes on Monday were slightly affected by the Japanese holiday. The yen rose 0.1% after falling to nearly 145 yen to the dollar on Friday. The earthquake that hit central Japan also caused the Japanese currency to suffer its worst weekly decline since late 2022. Post-disaster economic stimulus and recovery measures could delay the Bank of Japan's plans to start tightening its ultra-easy monetary policy, which is expected to put strong pressure on the yen. The current focus is on Tokyo's December CPI inflation data, which is often used as an indicator of national inflation in Japan.
Long
by Chart_MasterPro
DXY: Morgan Stanley changes USD forecast to neutral following FeMorgan Stanley updated its outlook for the US dollar, moving to a neutral stance, a significant shift from its previous forecast of an 8% gain in the Dollar Spot Index in the fourth quarter. two of the year. The adjustment comes as a response to the Federal Reserve's recent dovishness and the resulting decline in Treasury yields. The bank recorded a slight decrease of 0.2% in the Dollar Spot Index, causing its currency strategy to be reevaluated. Due to evolving economic conditions, Morgan Stanley strategists have now advised clients to stay away from short positions in the eurodollar. Instead, they recommend shorting the euro against the yen, positioning for potential currency fluctuations in the current market environment. This guide shows a strategic pivot in forex trading, in line with the latest economic indicators and central bank policy direction.
TVC:DXYLong
by Chart_MasterPro