EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
From Inflation to Slowdown
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The final week of the month and the quarter is delivering its share of negative US economic surprise, to the extent of moving growth worries nearer to inflation fears—at least in the eyes of the bond market. Fed officials reiterated how inflation remains the top priority, while attaching the ubiquitous disclaimer on the difficulty of avoiding recession. The 7 charts below encapsulate the broadening pullback in bond yields, inflation expectations and gasoline prices.
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i think that Mr Ashraf was right about his observation that USDJPY will bottom in the second half in June ,but the dilemma is "when"?? .. i knew about the cycle of the USDJPY and he was right but there is a factor of variation about 7 or less days backward or forward that the peak or trough my occurred in ...
i think also that the pair is up till now is suspected that if can continue or not ... it all about the upward momentum to break the neckline in the 1hour scale .....
i need to know Mr Ashraf's opinion about my view ...
thanks ....
i think that USDJPY formed it's bottom yesterday with all the divergences and a solid support zone ..
also the stars in the bottom may tell some thing ..what is your opinion ?