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The Indian Rupee weakened after the RBI increased bond purchases and lowered GDP estimates at June’s rate decision. Ahead, USD/INR is eyeing US non-farm payrolls after a wedge breakout.
The Japanese Yen remains under pressure as retail traders seem to be maintaining a net-short bias in USD/JPY and AUD/JPY. But, recent signals seem to hint that their trends may slow.
Australian Dollar Analysis: AUD/USD, AUD/JPY, AUD/CAD, EUR/AUD Technical Setups 2021-05-23 08:00:00 Daniel Dubrovsky, Strategist Australian Dollar, AUD/USD, AUD/JPY, AUD/CAD, EUR/AUD – Weekly Technical Outlook Australian Dollar remains in broad consolidation, signals mixed AUD/CAD may aim lower, EUR/AUD facing triangle breakout AUD/USD - Neutral The Australian Dollar continues to consolidate against the US Dollar, but the near-term bias could remain tilted to the upside. In April, AUD/USD broke above a Descending Triangle chart pattern, offering a bullish technical bias. While prices remain...
Buy or hodl, says investor Raoul Pal as Bitcoin price chart hints at 'falling wedge' Investment strategist Raoul Pal suggested traders should probably buy the Bitcoin dip as its price crashes to two-month lows. 20149 Total views Markets News Raoul Pal wants Bitcoin investors to mobilize their trades against Elon Musk. The macro investment strategist advised traders to either accumulate or preserve their Bitcoin (BTC) holdings just as the flagship cryptocurrency suffered massive declines over the weekend and at the beginning of this week. Bitcoin drops by 16.92% over the weekend an...
Indian Rupee Gains May Not Last After Banking System Dollar Glut, USD/INR Eyes CPI 2021-05-07 05:00:00 Daniel Dubrovsky, Strategist Indian Rupee, USD/INR, RBI, Coronavirus, Cairn Energy Plc, Technical Analysis - Talking Points The Indian Rupee has been strengthening lately despite local coronavirus surge Flood of dollars in India’s banking system amid tax dispute boosted INR yields Rupee remains at risk, with USD/INR appearing to trade within a falling wedge The Indian Rupee has been performing remarkably well in recent weeks considering India’s recent deadly wave of the coronavirus. Over...