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EUR/USD has reversed directions on Friday and posted slight losses. In the European session, the pair is trading at the 1.09 line. On the release front, it’s an unusually busy day, so we could...
The Japanese yen is down sharply on Friday, dropping close to 200 points against the US dollar. In the European session, the pair is trading slightly below the 121 line. On the release front, the BOJ...
Crude Oil: Having tested the 34.26 level and closed below that level on Thursday, we think crude oil faces the risk of a move lower. On the downside, support resides at the 33.00 level where a break...
USD/JPYUSD/JPY has soared with the BOJ decision, trading around 61.8% Fibonacci at 120.65 of the last downside wave from 123.55 to 116.00 as seen on the provided daily chart. A break above SMA50 at...
GBP/JPY Daily OutlookDaily Pivots: (S1) 169.12; (P) 170.13; (R1) 171.60; The rebound from 163.96 extends higher today and breached 38.2% retracement of 188.79 to 163.96 at 173.44. The rebound is...
USD/JPY - sharply up, due to Bank of Japan interest rates cutPrevious analysis, in which I indicated possibility of further BoJ policy easing and USD/JPY gains, was very profitable. I wrote: "USD/JPY...
Yesterday the pair strengthened amid poor macroeconomic data from the US. Durable Goods Orders fell by 5.1% that was significantly worse than predictions by economists who expected a decline by 0.6%....
The Bank Of Japan has surprised the markets again by pushing the interest rates in the negative territory for the very first time. It was widely expected that we will get some sort of stimulus package...
AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.83% against the USD and closed at 0.7085. LME Copper prices rose 1.02% or $46/MT to $4553.50/MT. Aluminium prices rose 1.26% or $19.0/MT...
USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.42% against the CAD and closed at 1.4034. In the Asian session, at GMT0400, the pair is trading at 1.4044, with the USD...
For the 24 hours to 23:00 GMT, the USD declined 0.07% against the CHF and closed at 1.0140. In the Asian session, at GMT0400, the pair is trading at 1.0148, with the USD trading 0.08% higher from...
For the 24 hours to 23:00 GMT, the USD rose 0.15% against the JPY and closed at 118.80. In the Asian session, at GMT0400, the pair is trading at 120.08, with the USD trading 1.08% higher from...
For the 24 hours to 23:00 GMT, the GBP rose 0.8% against the USD and closed at 1.4358, after UK’s GDP growth expanded by 0.5% QoQ in the Q4 2015, in line with market expectations, following a...
For the 24 hours to 23:00 GMT, the EUR rose 0.38% against the USD and closed at 1.0940. Gains in the common-currency were kept in check, after Germany’s flash consumer price index fell 0.8%...
Daily forecast: sideways trading between 1.0915 and 1.0855Main scenario:The pair is trading along an sideways trend between resistance 1.0915 and support 1.0815.An uptrend will start as soon, as the...