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TECHNICAL ANALYSIS – USDJPY INTRADAY BULLISH AS PRICES CHALLENGE THE CLOUD TOP Forex News 

TECHNICAL ANALYSIS – USDJPY INTRADAY BULLISH AS PRICES CHALLENGE THE CLOUD TOP

TECHNICAL ANALYSIS – USDJPY INTRADAY BULLISH AS PRICES CHALLENGE THE CLOUD TOP TECHNICAL ANALYSIS USDJPY has been edging higher for a second straight day. The pair today hit a weekly high. Delving into the Ichimoku analysis, the Tenkan-sen line (red) crossed below the Kijun-sen one (blue) in mid-January. This is a short-term negative signal. However, the stochastics which transmit immediate market sentiment are painting a bullish intraday picture as the %K line is at bullish levels at 62, while it has also crossed above the slow %D line. Both these…

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Fed Officials Challenge Decades of Accepted Wisdom on Inflation Market Trends 

Fed Officials Challenge Decades of Accepted Wisdom on Inflation

Fed Officials Challenge Decades of Accepted Wisdom on Inflation Still, not everyone on the FOMC is convinced. Over the last year, Federal Reserve officials have dramatically curtailed ambitions for interest-rate increases, even as inflation has risen and unemployment has declined. So what gives? Perhaps just as important as the increased attention being paid to headwinds from abroad are the changing attitudes of Fed policy makers toward inflation. That suggests more confidence they can afford to keep borrowing costs lower for longer, because there is less concern that price pressures will…

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Gorilla or Elephant, Chinese Surplus Capacity is the Challenge Forex News 

Gorilla or Elephant, Chinese Surplus Capacity is the Challenge

Gorilla or Elephant, Chinese Surplus Capacity is the Challenge Americans have a saying about an 800-pound gorilla in a room. It refers to a person or organization so powerful that it can act unilaterally. The British have an expression about an elephant in a room. It refers to a “fact” or problem that is not being addressed. Regardless of the idiom, one prefers, both can apply to China and its excess capacity in a wide range of industries. Making room for China in the global economy was always going to…

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