AutoRebateForex Official Thread - Automated 80% Forex Rebates

AutoRebateForeX · Monday at 02:38

Weekly Economic Calendar

April 22-26, 2024

Economic Focus This Week
Keep an eye on:

US Treasury yields (2-year and 10-year) for signs of shifting investor sentiment.
The US dollar index to gauge its strength.
Energy markets, particularly oil prices, which could be impacted by Middle East tensions.

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AutoRebateForeX · Tuesday at 08:58

Market Analysis and Forecasts

April 23, 2024

USD/JPY:

Technical analysis shows a potential breakout to the upside with a target of 155.80. Intervention by the Bank of Japan is a wildcard. Support at 154.25.
Carry trade sentiment and a strong USD continue to put pressure on the yen.

AutoRebateForeX · Thursday at 03:31

Market Analysis and Forecasts

April 25, 2024

CAD/USD:

Canadian dollar dips after retail sales data disappoints.
Resistance at 1.3701 and 1.3773, support at 1.3651 and 1.3579.
Forecast: Neutral to slightly bearish. CAD/USD could trade sideways or potentially fall slightly on expectations of a rate cut from the Bank of Canada.

AutoRebateForeX · 2024-04-26T04:13:55+0100

Market Analysis and Forecasts

April 26, 2024

USD/JPY:

The Japanese yen continues to depreciate against the USD.
The Bank of Japan is expected to maintain its accommodative monetary policy.
Fed might be considering rate hikes to combat inflation.
This interest rate differential could keep the pressure on the JPY.
The pair is likely to continue its uptrend if US data is strong today. However, intervention by the Bank of Japan remains a risk.