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AUDUSD breakout looms on dollar weakness The catalyst behind the renewed buying pressure on the pair is a string of positive data out of China, Australia’s biggest trading partner. China’s Q4 GDP rose past the 0.2% level and 1.1% to 1.6% quarter over quarter as the year-over-year figures grew to 4%. Industrial PMI for December also jumped to 4.3%, beating the...

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Check our full analysis here: Fundamental Analysis forexezy.com Technical Analysis The GBPUSD pair is edging up, driven by strong market momentum. The RSI is currently at 73 and well above the 14-day SMA. Notably, the price is currently above the 200-MA, underlining the bullish sentiment. Based on the current momentum, the price is likely to rise to the first...

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check in-depth analysis here forexezy.com In December, the FOMC decided to abandon its previous remarks that the inflation surge is transitory. The committee decided to accelerate their actions to slow inflation. In January, February, and March, the bank will also slash these purchases by $30 billion each month respectively. As a result, the Fed these...

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US Dollar firms near 16-month highs. GBPUSD is under pressure at five-week highs. USDCAD pulls back on Omicron easing fears. GBPUSD technicals The British pound has been one of the best performing majors amid the dollar strength across the board. The GBPUSD pair has since bottomed out, powering to five-week highs amid renewed bidding on the GBP. ...

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What's up with USDJPY? Japan's economy contracted sharply in the 3d quarter. GDP declined by 0.8% on a Q/Q basis. This was a substantial decline from the 2d quarter’s growth of 0.5% and slightly lower than the median estimate of -0.8%. More fundamentals here: forexezy.com As the Japanese economy will probably record the slowest recovery among the G7 countries...

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Seems like Erdogan has no signs of slowing down on ruling Turkish Central bank. We all see what is it fraught with: Check out my analysis on this situation here: forexezy.com Despite a bullish view on USDTRY pair, I (like many others) wonder when will this end? Please, share your thoughts in comments bellow

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The gold is in a tight range for the past few weeks as the market reflects the Omicron variant, US employment disappointing numbers and the hawkish tone of the Federal Reserve. More on our fundamental view: forexezy.com In November, FOMC decided to unwind the $120 billion/month quantitative easing. It started to reduce the purchases by $15 billion/month. At the...

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Bounce off one-year lows is supported by solid economic numbers in Australia. Main support is considered at 0.70ish with possible targets marked above: Fundamentals Positive: - better than expected Q3 GDP data shows the economy rose 3.9% year over year and continues to attract bids on the AUD - the Australia commonwealth Bank Manufacturing PMI jumped to 59.2...

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The USDCAD pair retreated on Monday as investors reflected on the new Omicron variant and the trends in crude oil prices. The pair was trading at 1.2743 on Monday morning. This was slightly lower than last week’s high of 1.2800. Major drivers this week are US and Canada key economic numbers: - The US will publish the latest pending home sales numbers on Monday ...

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The GBPUSD pair has been on the decline over the past few weeks. This is as a result of the rise in UK inflation and the Bank of England’s (BoE) decision on interest rates. The pair is now trading at 1.33ish which was a 3.68% decline from its highest level at 1.37949. We highlight 3 main fundamental drivers for a possible downfall of GBPUSD - Inflation rose above...