<p>On the daily chart below, we can
see that the price has finally broken out of the falling channel. A further
breakout of the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>resistance</a> at 0.9287 will give conviction
to the buyers to target the 0.96 handle. </p><p>As we can see the falling channel
was <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-divergence-20220429/“>diverging</a> with the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-macd-20220427/“>MACD</a>. When the price breaks out, we
can generally see a correction all the way back to the top of the channel. The <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a> also switched to the upside giving a bullish bias. </p><p>On the 4 hour chart below, we can
see that the buyers are struggling to break convincingly the resistance at
0.9287. Last Friday we got a fakeout and this continuous knocking on the
resistance is now forming an <a target=“_blank“ href=“https://www.forexlive.com/Education/chart-patterns-guide-20220125/“>ascending
triangle pattern</a>. </p><p>The buyers should have enough
conviction to break out to the upside given that the fundamentals are now again
in favour of the USD. The market is repricing a higher terminal rate from the
Fed caused by recent hot economic data. </p><p>On the 1 hour chart below, we can
see that if there is to be a pullback, it shouldn’t go below the 0.9214 level
where we have <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-confluence-20220318/“>confluence</a> with the upper band of the
broken channel, the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-trendlines-20220406/“>trendline</a>, a previous swing point and the
61.8% <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-using-fibonacci-retracements-20220421/“>Fibonacci
retracement</a> level. </p><p>Sellers will need to break below
that strong zone to invalidate everything and then target the lower band of the
channel. </p><p>For the buyers that zone will be
the last line of defence. For the more near-term price action, a break above
the resistance at 0.9287 should lead to a bullish run given that yesterday’s <a target=“_blank“ href=“https://www.forexlive.com/news/sp-global-february-flash-services-pmi-505-vs-472-expected-20230221/“>US
PMIs</a> surprised again to the upside. </p>

This article was written by ForexLive at www.forexlive.com.

<p>Inventory
that a company does not think it can utilize or <a target=“_blank“ href=“https://kaarat.com/“ target=“_blank“ rel=“follow“>sell</a> because there isn’t enough
demand is referred to as obsolete inventory, also known as „excess“
or „dead“ inventory. Inventory frequently has to be updated after a
given amount of time since it has reached the end of its useful life.</p><p>Before a
product can no longer be sold, it goes through a number of stages that make it
dead or outdated. Typically, inventory that is sluggish to move becomes excess
inventory; surplus inventory becomes outdated inventory and eventually obsolete
inventory.</p><p>Explaining
Obsolete Inventory</p><p><a target=“_blank“ href=“https://kaarat.com/signup“ target=“_blank“ rel=“follow“>Businesses</a> that sell
tangible goods and those engaged in maintenance and repair must keep track of
their outmoded inventory. The quantity of outdated stock a company has can be a
crucial sign of whether its buying and inventory management, also known as
material requirements planning (MRP), is optimized or whether they need to be
reevaluated.</p><p>Because
obsolete inventory can lead to substantial cash flow difficulties, it might
harm a firm’s capacity to weather a challenging period. If a business with thin
margins frequently needs updated inventory and deals with the issue, it might
be in serious trouble.</p><p>What’s the
Process for Obsolete Inventory?</p><p>Businesses
must establish their standards for what constitutes obsolete inventory, and
these standards will differ between different product categories and sectors
(think about the differences between furniture and food, for example). To create
rules for when inventory products should be classified as slow-moving, excess,
and outdated, start with criteria relevant to your business.</p><p>Inventory
might become outdated for several reasons, including faults with the product,
inadequate forecasts, ineffective inventory management, or other problems.
Businesses may reduce dead inventory by carefully monitoring their inventory
locations. If you can identify products while they are still in the slow-moving
or surplus stages, you can make money from them before they become outdated.</p><p>Five Reasons
for Too Much and Obsolete Inventory</p><p>Inventory
can become outdated for a variety of frequent reasons. Businesses should
carefully examine their processes to see whether any of these are problems and
if so, correct them before they cause financial loss:</p><p>· Inaccurate
forecasting</p><p>· Inadequate
Management System of Inventory</p><p>· Poor Quality
or Design of Product</p><p>· Sloppy
Purchasing</p><p>· Inaccurate
Lead Times</p><p>How is
inventory reserve determined?</p><p>Business
managers typically examine historical data to determine what proportion of
their inventory is usually unsold owing to variables that might include
everything from falling out of style to breakage and theft. Then, they
calculate their netlist, shown on the company’s balance sheet, by deducting a
certain proportion from their gross inventory. The proportion of the reserve
can also be changed at the discretion of the business management to reflect
shifting economic conditions.</p><p>FINAL
INSIGHT</p><p>A lot of
companies spend too much money on obsolete inventory. Obsolete stock can
contribute less than tiny amounts of inventory to do liabilities on the balance
sheet.</p><p>One option
to recover the cost of surplus inventory is to find a second home for items
that have been placed in the warehouse for too long. By giving staff the
information they need to make wiser purchasing and inventory management
decisions, software that offers complete inventory visibility and thorough
reporting may help stop the issue before it even arises.</p>

This article was written by ForexLive at www.forexlive.com.

<p>Market picture</p><p>Bitcoin once
again failed to break through the $25K level. Initial technical resistance was
later supported by strong negative momentum in US equity indices, where the
Nasdaq100 lost 2.5%. </p><p>On the
weekly timeframe, the local situation looks like the market’s inability to move
into a bullish phase, as bitcoin sells off on touching the 50- and 200-week
moving averages. Without a bullish reversal in the coming days, be prepared for
another pullback to the $17.5K or even $16.5K area.</p><p>Glassnode
notes that bitcoin is holding up well in the face of current market dynamics
and regulatory pressure and attributes this to a change in participant
behaviour. The buy-the-dip pattern has re-emerged among short-term investors.
However, the number of „whale“ addresses with balances of 1,000 BTC
or more has fallen to mid-2019 levels, indicating that the retail sector is
acting as a buying driver and the whales are selling.</p><p>News Background</p><p>According to
Bloomberg, Chinese authorities have tacitly supported Hong Kong’s initiative to
establish a blockchain industry development centre in the metropolis. Companies
previously operating in mainland China can now register in Hong Kong.</p><p>Despite
rising prices, the Bank for International Settlements (BIS) estimated that the
average retail investor would lose around half of their bitcoin investment
between 2015 and 2022. The BIS reiterated its call for global coordination in
cryptocurrency regulation, warning of the risks of increased spillover effects
on the global financial system.</p><p>The Litecoin
blockchain has introduced a counterpart to the Ordinals protocol, which allows
users to post various objects in images, text, video, and other formats.</p><p>This article was written by
FxPro’s Senior Market Analyst Alex Kuptsikevich.</p>

This article was written by FxPro FXPro at www.forexlive.com.

<p>On the daily chart below, we can
see that after the break of the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-trendlines-20220406/“>trendline</a>, the price is having a hard time
breaking lower as the strong <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>support</a> at 0.6860 halted the selling
momentum. </p><p>The bearish bias remains though
as we have the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a> pointing south. The USD is supported fundamentally as the market is
repricing a higher terminal rate from the Fed and no cuts for this year. This
repricing started with the very strong <a target=“_blank“ href=“https://www.forexlive.com/news/us-nonfarm-payroll-517k-vs-185k-estimate-unemployment-rate-34-vs-35-estimate-20230203/“>NFP</a> report and hot economic reports
afterwards. The market is probably just waiting for some catalyst before
pushing lower. </p><p>On the 4 hour chart below, we can
see that the selling momentum waned as the price tried a breakout of the
support at 0.6860 as depicted by the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-divergence-20220429/“>divergence</a> with the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-macd-20220427/“>MACD</a>. It’s possible that we will see
first a pullback to the downward trendline before another attempt from the
sellers to break the support. </p><p>The buyers will need first to
break the trendline to the upside to start targeting higher highs and the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>resistance</a> at the 0.70 handle, which will
be the key spot for both sides.</p><p>On the 1 hour chart below, we can
see that there’s <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-confluence-20220318/“>confluence</a> with a 61.8% <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-using-fibonacci-retracements-20220421/“>Fibonacci
retracement</a> level at the trendline. That may be a target for
the buyers and a good spot to lean on for the sellers as they will have a
defined risk and can fold fast if the price starts breaking the trendline to
the upside. </p>

This article was written by ForexLive at www.forexlive.com.

<p style=““ class=“text-align-justify“>Interest rate futures are pricing in a roughly 96% chance for a 25 bps move for the next BOE policy meeting in March. I would say that is pretty much what one should expect especially after the February decision <a target=“_blank“ href=“https://www.forexlive.com/centralbank/boe-raises-bank-rate-by-50-bps-to-400-as-expected-20230202/“ target=“_blank“ rel=“follow“>here</a>. The pound may be looking upbeat with cable rising above 1.2100 so far on the session but that owes a little to a slight near-term release as noted <a target=“_blank“ href=“https://www.forexlive.com/news/sterling-jumps-after-upbeat-uk-pmi-data-20230221/“ target=“_blank“ rel=“follow“>here</a>. In the bigger picture, I would say the data today changes nothing about the BOE outlook – for the most part.</p>

This article was written by Justin Low at www.forexlive.com.

<ul><li>Prior -17</li></ul><p style=““ class=“text-align-justify“>UK factory output and orders fell in February, with the latter dropping to its lowest since September 2020. The balance of new orders i.e. headline reading rose slightly but remains firmly in negative territory. CBI notes that:</p><p style=““ class=“text-align-justify“>“Conditions in manufacturing remain challenging, with output disappointing and order books having thinned out since late last year. However, if growth is going to return to the sector on a sustainable basis, then manufacturers need more than the boost some will receive from lower energy prices over the winter season.“</p>

This article was written by Justin Low at www.forexlive.com.

<ul><li>If US will conduct nuclear tests, we will do the same</li><li>We do not withdraw from the treaty, but are suspending our participation in it</li></ul><p style=““ class=“text-align-justify“>For some context, the strategic offensive arms treaty served to limit both Russia and the US‘ nuclear arsenals. This has been in force since 2011, or at least that is the case by name and on paper.</p>

This article was written by Justin Low at www.forexlive.com.

<p>On the daily chart below, we can
see that the price failed to break the <a target=“_blank“ href=“https://www.forexlive.com/Education/chart-patterns-guide-20220125/“>triangle</a> last week. The price found
sellers at the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-trendlines-20220406/“>trendline</a> and the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>resistance</a> at 1.3520. USD/CAD is one of the
ugliest major pairs in terms of price action as it’s been ranging for a long
time now. This is a signal of uncertainty and strength of both currencies. </p><p>The USD is supported by a
repricing higher in interest rates expectations and the CAD has been doing good
thanks also to high oil prices. Buyers will need a clear breakout to the upside
to start piling in and target the top of the triangle at 1.3950. On the other
hand, sellers will need a breakout to the downside to target lower lows.</p><p>On the 4 hour chart below, we can
see more closely the rangebound price action that’s been going on for over a
month now. We have the tight range between the resistance at 1.3450 and the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>support</a> at 1.3350 with the high at
1.3520 and the low at 1.3265. </p><p>If the price falls back into the
range, then we should expect a further fall to the support at 1.3350. As of
now, the resistance of the range at 1.3450 turned support and may be the area
where buyers will pile in to retry another breakout of the triangle. </p><p>On the 1 hour chart below, we can
see that after bouncing from the resistance turned support at 1.3450, the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a> switched to a bullish bias. This signals that the buyers are in control
for now and they should fold only if the moving averages turn bearish and the
price falls back into the range. </p><p>We have <a target=“_blank“ href=“https://www.forexlive.com/EconomicCalendar“>US PMIs today</a> and given that good news is bad
news now for risk sentiment, we may see the USD being bid in case the PMIs
surprise to the upside. Anyway, the breakouts of the key technical levels
mentioned previously will give the direction.</p>

This article was written by ForexLive at www.forexlive.com.

<ul><li>But core inflation to only decline tentatively in the coming months</li><li>Short-term outlook for Germany more favourable than a few months ago</li><li>Economic outlook somewhat brighter but high inflation pressures still persisting</li></ul><p style=““ class=“text-align-justify“>We’ll see how wage dynamics influence the inflation outlook in the months ahead but if price pressures are more sticky than anticipated, that will continue to cast a dark cloud on the German economy this year.</p>

This article was written by Justin Low at www.forexlive.com.

<p style=““ class=“text-align-justify“>There is no doubt that the US has been vocal in pledging their support towards Ukraine since the whole conflict with Russia began a year ago. However, the timing of Biden’s visit today, while fitting with the occasion, may perhaps be a case of sending a message to the opposition. And no, the opposition isn’t Russia.</p><p style=““ class=“text-align-justify“>It may be a case of killing two birds with one stone since Biden’s surprise trip to Kyiv comes as top Chinese diplomat, Wang Yi, is due in Moscow and possibly for a meeting with Russian president, Vladimir Putin. The visit is said to be one to „discuss ideas for peace in Ukraine“ but we all know that it is very much a show of support from China towards Russia on the matter.</p><p style=““ class=“text-align-justify“>Considering how US-China relations are suffering greatly amid the whole balloon fiasco over the past few weeks, one can definitely argue how the gesture from both sides are hardly coincidental. </p><p style=““ class=“text-align-justify“>And while the conflict between Ukraine and Russia is a different ordeal, the fact that the US and China are ending up on opposing sides would serve to only deepen the divide between the two at the moment.</p><p style=““ class=“text-align-justify“>This was definitely the perfect opportunity to highlight that contrast, I would say.</p>

This article was written by Justin Low at www.forexlive.com.