AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading at 0.7842; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud at 0.7810 and continue moving upwards to reach 0.7960. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7760. In this case, the pair may continue falling towards 0.7645.

AUDUSD

 

NZD USD, “New Zealand Dollar vs US Dollar”

The NZD/USD pair is trading at 0.7150; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud at 0.7145 and then continue moving upwards to reach 0.7275. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7090. In this case, the pair may continue falling towards 0.6970.

NZDUSD

 

USD CAD, “US Dollar vs Canadian Dollar”

The USD/CAD pair is trading at 1.2532; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud at 1.2510 again and then continue moving upwards to reach 1.2660. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2470. In this case, the pair may continue falling towards 1.2365.

USDCAD

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US versus the Eurozone: Inflation divergence causes monetary desynchronization

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Historically there is a very close correlation between changes in US Treasury yields and German Bund yields. This is relevant at the current juncture, considering that the recent hawkish twist in the tone of the Fed might continue to push US long-term interest rates higher and put upward pressure on bond yields in the Eurozone.

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