The Bank of Japan could further soften policy, and this could weaken the yen. JPY is nervous in anticipation of Bank of Japan's emergency meeting, which was announced to be held on Friday. The regulator is expected to present a plan to support business in the context of a pandemic. Risks in USD/JPY are higher, but the growth may be halted by 108.30/50 area, where daily MA converges. USD/JPY, 30 min Pivot: 107.61 Analysis: Provided that the currency pair is traded above 107.45, follow the recommendations below: Time...
Elon Musk has said the vehicles Tesla is selling today could become appreciating assets over time. We're starting to see a preview of what the CEO means by that. The electric-car maker said on Monday that on July 1, it is increasing the price of its full self-driving capability by $1,000, and more price increases are likely in the future. The price increase comes as Tesla continues to roll out new features for its self-driving capability, which is currently only an advanced driver-assist package. Tesla, H4 Pivot: 809.00...
As the head of RBNZ E. Orr said in an interview with Bloomberg: At this stage, he does not want to resort to negative interest rates. I'm ready for this step, but much later. This option remains one of the options for the RBNZ. The strategy of the Central Bank is to control the yield curve and keep it in flat at low levels. NZD/USD, 30 min Pivot: 0.6110 Analysis: Provided that the currency pair is traded above 0.6077, follow the recommendations below: Time frame: 30 min Recommendation:...
The British newspaper Sunday Times wrote that the British government is preparing for a tough Brexit. A high-ranking source at the British Prime Minister's residence said "We're ready to go out." At the same time, on Thursday, David Frost, the chief negotiator for UK exit from the EU, told the Cabinet that this time Brussels "made it clear that we will not extend" the transition period after December 31 - according to EU law, this decision should be taken in June. The Cabinet, as well as other...
The USD/CHF currency pair is trading at 0.9716 and keeps moving within the growth frame. The pair is traded inside the Ichimoku Kinko Hyo Indicator Cloud. This indicates that there is a bullish trend for the USD/CHF pair. USD/CHF, 30 min Pivot: 0.9722
