Forex Daily Analyses

DXY: towards multi-year highs of 121.29 and 129.05?
Today (at 12:30 GMT) a whole block of important macro statistics for the US is expected to be published, including inflation data (personal consumption expenditures - PCE base price index) for May and a weekly report from the US Department of Labor with data on the number of applications for benefits for unemployment.
EUR/CHF: given the strong demand for defensive assets
A bit of recent history. In 2014, the Swiss National Bank introduced a negative deposit rate for the first time since 1970. At the same time, since September 2012, the SNB has been striving to maintain the EUR/CHF exchange rate at 1.2000 in order to contain the "excessive" strengthening of the Swiss franc and ease pressure on the country's exporters. And until 2015, it more or less succeeded.
Daily HFT Trade Setup – HFT Algorithms Buying Lifts EURJPY
HFT algorithms' activity in the Forex market this morning shows that the EURJPY currency pair may provide trading setups from the long (bullish) side.
USD/JPY: technical analysis and trading recommendations_06/29/2022
There is a strong upward momentum, fueled, among other things, by the growing divergence in the direction of the monetary policies of the Fed and the Bank of Japan. The breakdown of the local maximum 136.70 will be a signal to increase long positions. In the main scenario, we expect continued growth.
USD/JPY: prospects for the dollar and yen
In the middle of this month, USD/JPY broke a multi-year high and 135.19 mark, reached in January 2002, and today the pair continues to develop upward momentum. Some economists believe that the trend could reverse, or a significant correction, if there is evidence of a sharp slowdown in the US economy, which could force the Fed to moderate its policy hawkishness or even stop raising interest rates altogether. In the meantime, "the economy is strong", New York Fed President John Williams said yesterday, and the Fed "needs to raise rates quite a bit this year and next".
Daily HFT Trade Setup – Gold Testing HFT Buying Zone
We are analyzing HFT algorithms' activity in the current day-trading session and note that gold (XAU/USD) has now reached the light HFT buying pressure zone that is located at $1815.64 and below.
USD/CAD: technical analysis and trading recommendations_06/28/2022
Against the backdrop of the US dollar weakening today, the USD/CAD pair has reached an important support level 1.2827 (EMA200 on the 4-hour chart). However, no further decline has been observed so far, and the USD/CAD pair has moved to a correction, trying to return into the zone above the key support level 1.2840 (EMA200 on the weekly chart). In general, the positive dynamics of the US dollar remains, which is why we expect further growth of USD/CAD after its breakthrough to the zone above the level 1.2840.
DXY: economists expect dollar to rise again
The vast majority of economists are talking about further strengthening of the dollar and the growth of the DXY index, while its downward correction is observed on the market. The DXY dollar index ended yesterday's trading day in negative territory and today it continues to decline, albeit slightly. At the time of publication of this article, DXY futures are traded near the 103.66 mark, remaining slightly above the middle of the range between the local high of 105.56 and the local low of 101.30, reached on June 15 and May 30, respectively.
Daily HFT Trade Setup – USDCHF Inching Closer to HFT Buying Zone
The activity of HFT algorithms thus far in today's trading session shows that the USDCHF currency pair may provide opportunities to go long.