Just when we thought that the USD is going down a slope of no-return, the DXY index saw a revival on Thu. USDJPY came within striking distance of 115, USDSGD printed 1.4260, USDCNH at 6.8492. Our chartist has flagged this in the report sent out yesterday, warnin

GBL: Revival?

Global Markets Daily by Saktiandi Supaat

FX Research

Just when we thought that the USD is going down a slope of no-return, the DXY index saw a revival on Thu. USDJPY came within striking distance of 115, USDSGD printed 1.4260, USDCNH at 6.8492. Our chartist has flagged this in the report sent out yesterday, warning of a falling wedge that is a typical bullish reversal pattern. USDAsians could be supported in the sessions ahead, even as half of Asia breaks for Chinese New Year holidays. PBoC is likely to stand guard during the festivities ...