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Technical

USDCAD Technical Analysis – Bearish

The failure in the US CPI report sent a significant drop in the value of the US dollar as the market cheered the lower core inflation readings and speculated that the Fed would soon make a tightening cycle. In fact, the market priced the…

USDJPY Technical Analysis | Forexlive

Yesterday's US CPI report came in below expectations across the board and led to a heavy sell-off in the US dollar. Market prices were unchanged for a 25 basis point rally at the July meeting although labor market tightness and no hints of…

USDCHF Technical Analysis | Forexlive

The recent policy divergence between the Swiss National Bank and the Federal Reserve sent USDCHF lower. In fact, the Fed halted the tightening cycle at 5.00-5.25% as it wants to see more data before deciding on another rate hike, while the…