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USDJPY hits a major resistance zone

May 12, 2020
Share with friends USDJPY is in a major supply area . Is this going to be a turning point?

 

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01 Jun, 2020
Economic data shows an improvement but nothing to write home about. Civil unrest, economic gloom, and unprecedented unemployment must be a concern…
The direction of the EUR/USD the rest of the session on Monday is likely to be determined by trader reaction to Friday’s close at 1.1108.
Early in the summer of 2020, the British Pound is slowly growing against the USD, which is quite good after a depressing previous week. At the beginning of June, GBP/USD is mostly trading at 1.2403.
GBP/USD recovered higher last week on the back of a broadly weaker dollar but is seen approaching an important technical resistance level.
(Bloomberg) -- Barely a fortnight ago, currency traders were fretting over the future of the euro. They’re now cautiously optimistic.The common currency just had this year’s best monthly advance after the European Union finally managed to assemble a stimulus plan to steer the region’s recovery from the pandemic. Option-market sentiment is improving and strategists are beginning to relay a glimmer of optimism on the euro’s prospects.The median euro-dollar forecast for third quarter edged up in May, the first positive change this year, according to a Bloomberg survey. HSBC Holdings Plc lifted its year-end call to $1.10 last week, from $1.05 previously, with strategists saying in a note that the “existential tail risk of a euro-zone breakup” has now fallen.”We have turned cautiously bullish over the last week or so,” said Lee Hardman, a currency strategist at MUFG in London. “Building evidence that the euro-zone economy is through the worst of the Covid-19 crisis and EU Recovery Fund proposals have helped to ease downside risks for the euro, and created a firmer foundation for the rebound to extend from still-undervalued levels.”In addition to the recovery fund, Germany is preparing a second phase of stimulus of between 50 billion euros ($56 billion) and 100 billion euros, which would help boost sentiment in the euro. And also, measures of manufacturing activity in the euro-area suggest the European nations may be on the road to recovery.The euro rose 0.3% to $1.1140 Monday, advancing for the fifth straight day in the longest winning streak since March. Its 1.3% advance in May was the biggest monthly gain since December. The end-September forecast in the Bloomberg survey climbed to $1.10 from a low of $1.09 in May.Option SignalThe option market is mirroring the brightening mood. One-month euro-dollar risk reversals, a gauge of positioning and sentiment, convincingly broke above zero last week for the first time in months, signaling a bullish turn in sentiment toward the common currency.To be sure, there are still uncertainties weighing on the euro. The European Central Bank’s policy decision on Thursday is one, but more importantly, focus is on the June 19 meeting of European leaders to weigh the stimulus proposal, which still needs the go-ahead from the likes of Austria and the Netherlands.Nevertheless. the view that the worst is behind the euro has gained some ground.In the “short-term, the euro could test the top of the $1.08-$1.12 trading rage it has been in since last summer,” MUFG’s Lee said. “If it can break above, things would get more exciting, otherwise it remains a hard grind higher for now.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
EUR/USD shows strength in the early day although the pair faces resistance from an area that triggered a notable turn in late April.
European stocks rallied on Monday as a lack of escalation in U.S.-China tensions put the focus back on reopening of the world’s economies.
As we already know, I was a bit bullish on the GBP crosses, mostly on the GBP/USD. We can see that the first target has been reached. Continuation is possible.
The European Commission (EC)’s ambitious proposal is a critical step in the right direction to contribute to an even and sustainable economic recovery across the EU-27. Still, major hurdles lie ahead, and various open questions remain.
GBP/USD breached the resistance level at 1.2350 and continues to gain upside momentum.
EUR/USD is showing strong bullish momentum after breaking the resistance zone (dotte orange). A bullish ABC pattern is taking place. Price could aim for 1.11280.
Risk appetite weighs on the Greenback early. PMI numbers and geopolitics will be key drivers on the day, however.
Elsewhere, gold futures rose 0.4% to $1,758.90/oz, while EUR/USD traded at 1.1145, up 0.4% on the day.
Posted by OFX AUD - Australian Dollar The Aussie dollar rose against the USD last trading session to open at 0.6669 gaining some traction after a speech by President Trump about China early Saturday morning. The US President has stated that the United States will move to sanction Chinese officials over what … Continue reading "AUD sees a rise following President Trump’s speech"The post AUD sees a rise following President Trump’s speech appeared first on .
31 May, 2020
The RBA is expected to leave its benchmark interest rate at 0.25%. We’re also looking for policymakers to leave monetary policy measures intact.
The NZD/USD is in no position to change the main trend to down, but there is room for a near-term correction into .6074.
It’s a busy week ahead. Central banks are in action and China will be in a retaliatory mood. Then there are the stats to begin tracking once more…
29 May, 2020
The dollar edged lower against the euro on Friday, hurt by month-end flows and as the common currency continued to enjoy a boost from the European Union's recently announced plan to prop up the bloc's coronavirus-hit economies with a 750 billion-euro ($828 billion) recovery fund. The euro was 0.13% higher at $1.1091, its fourth straight day of gains. The euro's rally this week has pushed it over its 200-day moving average for the first time since late March and lifted it about 1.7% for the week, its best weekly gain in nine weeks.
The direction of the EUR/USD the rest of the session on Friday is likely to be determined by trader reaction to the main 50% level at 1.1066.
The British pound rallied significantly during the week but as you can see is still very much in a downtrend.
The British pound has rallied a bit during the week, breaking above the ¥132 level. The market is likely to see noise above, perhaps extending to the ¥135 level.
The dollar extended its slide against a surging euro on Friday, hurt by month-end flows and as the common currency continued to enjoy a boost from the European Union's recently announced plan to prop up the bloc's coronavirus-hit economies with a 750 billion-euro ($828 billion) recovery fund. The dollar, a safe-haven currency, found some support as traders awaited U.S. President Donald Trump's response to China's tightening control over Hong Kong, which could worsen tensions between the two powers over the financial hub. Much of the euro's move was driven by optimism generated by the European Commission's stimulus plan announced earlier this week, as well as investors' improved appetite for risk-taking as global economies gradually move to reopen after coronavirus-linked shutdowns, analysts said.
The Euro exploded to the upside during the week, breaking above the 1.11 level. However, we are reaching some significant resistance just above.
The Australian dollar has rallied a bit during the week, reaching towards the 50 week EMA, which of course is one indicator reliable over the last years.
Euro has exploded to the upside based upon the idea that Germany is going to underwrite all of the debts of other economies in the EU through these shared bonds.
The British pound has initially pulled back a bit during the trading session on Friday only to turn around and rally towards the 50 day EMA.
The British pound has rallied a bit during the trading session against the Japanese yen after initially falling hard.
The Australian dollar has initially dropped during the Friday session only to turn around and break towards the highs again.
The Spanish government approved on Friday the creation of a minimum income worth 462 euros ($514) a month for the poorest, Deputy Prime Minister Pablo Iglesias told a news conference, in a scheme that targets some 2.5 million people. Under the decree approved at a cabinet meeting, the government would pay the monthly stipend and top up existing revenue for people earning less so that they get at least that minimum amount every month, Iglesias told reporters. The minimum income would increase with the number of family members to a total of up to 1,015 euros per month.
The European Commission has proposed setting up a 15-billion-euro ($16.6 billion) fund to invest in strategic companies that have been weakened by the COVID-19 crisis. The proposal, which needs to be approved by EU governments and lawmakers, comes after firms worldwide became vulnerable to hostile takeovers as share prices fell and there were fewer funding opportunities during the coronavirus crisis. The new facility could buy stakes in, or offer loans to, strategic companies in sectors such as healthcare, space, defence, digital and green technologies, EU industry commissioner Thierry Breton told a news conference on Friday.
A weak dollar has dominated the major currencies this week although Sterling has struggled to benefit from it.
EUR/USD is seen approaching highs not seen since late March as the dollar continues to tumble.
The euro is looking to take flight after a bout of being grounded below $1.10. The currency has rallied more than 1.5 cents towards $1.115 since Wednesday, before trimming some of those gains into the weekend and ahead of US President Donald Trump providing a briefing on China and its intentions with regards to Hong Kong. John Hardy at Saxo Bank says with the euro north of $1.10, this suggests “a new euro rally is afoot”.
U.S. stocks are set to open lower Friday, consolidating ahead of a key statement from President Donald Trump about his administration’s response to China strengthening its grip on Hong Kong. At 07:00 AM ET (1100 GMT), S&P 500 Futures traded 8 points, or 0.3%, lower, Nasdaq Futures down 19 points, or 0.2%. The Dow Futures contract fell 102 points, or 0.4%.
GBP/USD quickly rebounded after recent sell-off and continues its upside move.
While the economic calendar is on the busier side, Trump’s news conference will be the main event, which is testing risk sentiment early on.
At 02:55 AM ET, EUR/USD traded at $1.1098, up 0.2%, having earlier broken through the $1.11 level for the first time since late March.
Posted by OFX AUD - Australian Dollar The Australian dollar crept higher through trade on Thursday, buoyed by a sustained risk-on backdrop and broad US dollar weakness. The rally across equity markets continued as the global economy continues to respond positively to increased activity and mobility as lockdown measures ease. The AUD … Continue reading "Risk-on backdrop continues to drive broader AUD upturn"The post Risk-on backdrop continues to drive broader AUD upturn appeared first on .
28 May, 2020
AUD/USD Current Price: 0.6657 * RBA's Governor Lowe said that the economy might be in a better condition than originally feared. * The Aussie's advance could be once again attributed to equities' rally. * AUD/USD is holding near a fresh multi-week high but further gains at doubt.Having started the day with a soft tone, the AUD/USD pair is ending it with gains near the multi-week high set this Wednesday at 0.6679. RBA's Governor Lowe spoke at the beginning of the day and backed the Aussie by saying that the economy may be in a better condition than originally feared, adding that the stimulus package launched in March seems to be performing well. On rates, Lowe said that they are unlikely to rise for some years.The pair's rally, however, was once again the result of equities' solid performance and the dollar's broad weakens. Early on this Friday, Australia will publish Private Sector Credit for April.AUD/USD short-term technical outlook The AUD/USD pair is trading in the 0.6650 price zone, and the 4-hour chart shows that a bullish 20 SMA continued to provide dynamic support. Still, the bullish potential seems limited, at least as long as the pair remains below the 0.6680 price zone, as the Momentum indicator keeps heading lower, now approaching its 100 level, drawing a clear divergence. The RSI indicator barely retreats, currently at around 61.Support levels: 0.6635 0.6590 0.6545Resistance levels: 0.6685 0.6720 0.6760View Live Chart for the AUD/USDSee more from Benzinga * EUR/USD Forecast: Technical Breakout Supports A Continued Advance Heading Into The Weekend * AUD/USD Forecast: Decline From A Multi-Week High Seems Corrective * AUD/USD Forecast: Bullish, And Ready To Challenge The March High - 5/26/2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The British pound continues to go back and forth during the trading session on Thursday, as the pair has a lot of noise in this general vicinity.
The British pound has gone back and forth during the trading session on Thursday, hanging above the ¥132 level, as we are trying to figure out the next direction.
The Australian dollar continues to levitate in general, as we have gone back and forth around the 200 day EMA.
GBP/USD is attempting to recover higher this week on the back of a weaker dollar, however, expectations of further monetary policy easing are weighing on the pair.
GBP/USD is trying to get back to the upside mode after yesterday’s sell-off.
The U.S Dollar is in action later today, with the weekly jobless claims and durable goods orders in focus. There’s also Trump and Beijing to consider.
RBNZ economic stress test analysis suggests banks in the country can continue to lend and prosper through a broad range of adverse scenarios.
Posted by OFX AUD - Australian Dollar The Australian dollar fell through trade on Wednesday, slipping off multi-month highs at 0.6680 amid increasing Chinese trade uncertainty. Having pushed back through 0.6650 for the first time since March’s unprecedented price action the AUD plunged lower, loosing over a cent in overnight trade, falling … Continue reading "Chinese trade tensions know AUD off multi-month highs"The post Chinese trade tensions know AUD off multi-month highs appeared first on .
27 May, 2020
* Australian Q1 Construction Work Done beat expectations by falling 1.0%. * Gold prices fell intraday, adding pressure on the Aussie. * AUD/USD declined from a multi-week high seems corrective.The AUD/USD pair hit a fresh multi-week high of 0.6679 in the European session, but retreated from the level and settled around the 0.6600 mark. Australia released the Q1 Construction Work Done, which resulted better than anticipated, printing at -1.0%. Nevertheless, the positive tone of the pair was related to the broad dollar's weakness and rallying equities, easing during the American session as the sentiment turned sour.The American currency got to recover some ground on mounting tensions between the US and China over the latest Hong Kong security laws. Gold losing the 1,700 level added pressure on the commodity-linked currency intraday, although the commodity managed to recover and settle at around 1,720.00. This Thursday, Australia will publish the Q1 Private Capital Expenditure.AUD/USD short-term technical outlook The AUD/USD pair has been unable to surpass a flat 200 DMA for a second consecutive day, which somehow could be discouraging for bulls. In the short-term, and according to the 4-hour chart, the pair maintains its bullish stance, as buyers are defending the downside at around a bullish 20 SMA. Technical indicators in the mentioned time-frame are recovering within positive levels after correcting overbought conditions.Support levels: 0.6560 0.6515 0.6475Resistance levels: 0.6650 0.6685 0.6720View Live Chart for the AUD/USDImage by 3D Animation Production Company from PixabaySee more from Benzinga * AUD/USD Forecast: Bullish, And Ready To Challenge The March High - 5/26/2020 * EUR/USD Forecast: Testing The Elusive 1.1000 Threshold - 5/26/2020 * AUD/USD Forecast: Retains Its Bullish Stance In The Short-Term(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The direction of the June U.S. Dollar Index into the close on Wednesday is likely to be determined by trader reaction to yesterday’s close at 98.906.
Travel shares were again having a strong day in London, but two big names in that sector, easyJet PLC and Carnival PLC, were set to get the boot from the FT100 index at the close of Wednesday trading due to what one analyst called the biggest reshuffle since 2009.
The British pound has decided to go sideways against the Japanese yen during trading on Wednesday, as the market is waiting to see what it should do next.
The Australian dollar initially tried to rally during the trading session on Wednesday but gave back a significant amount of the gains above the 0.6665 handle.
Mid-week market drivers with Dukascopy TV. We’ve got COVID-19 news and numbers, U.S – China tension, and optimism towards the economic.
Traders are extremely optimistic; bears have to abandon their negative view and buyers are enjoying still relatively discounted stocks. Is it exaggerated?
The AUD/NZD is in uptrend. Bullish head and shoulders pattern marks a potential continuation to the upside.
Protests occurred in Hong Kong Wednesday as the national security law - which critics have called a direct attempt to curtail the city's unique freedoms - underwent a second reading in the city’s Legislative Council.
As market jitters over the U.S and China resurface, the ECB and the EU Commission will be in focus later this morning…
26 May, 2020
The early tone of the NZD/USD on Wednesday is likely to be determined by trader reaction to Tuesday’s high at .6229.
The British pound rallied significantly during the trading session on Tuesday, reaching towards the 50 day EMA.
European Central Bank chief economist Philip Lane said Tuesday that the eurozone economy hit a bottom in April. "I think it's clear by the way that the absolute bottom was probably in April," he said during an interview for an Institute for International Finance conference. He said the key uncertainty is what happens next year and how quickly economies can recover.
The markets continue to move northwards. Who needs geopolitical risk, when you have hope? The big question must be whether it can continue…
The Aussie and Kiwi should be underpinned throughout the session on Tuesday as long as investors remain focused on the global economic recovery.
GBP/JPY has bounced at the 61.8% Fib and 21 ema zone. This could indicate a bullish ABC (purple) pattern.
It’s “risk-on” this morning as the markets continue to brush aside U.S – China tensions. Economic data later in the day will garner some attention, however.
25 May, 2020
The British pound has gone back and forth during the trading session on Monday, as Americans celebrated Memorial Day.
Today is Memorial Day in US and Spring Bank Holiday in UK which means the markets should be relatively quiet and we shouldn’t expect any rapid movements.
Economic data puts the EUR in focus, while geopolitics and COVID-19 news and numbers will also influence on the day.
24 May, 2020
There’s not much anyone can do with the economic data until the virus is contained and the stimulus money starts to circulate through the economy.
22 May, 2020
The British pound rallied a bit during the week against the Japanese yen, reaching towards the ¥132 level before pulling back.
The British pound initially tried to bounce a bit to kick off the trading session on Friday, but then rolled over a bit to reach below the ¥131 level.
The U.S. dollar was in demand during early European trade Friday as simmering U.S.-China tensions flared up, prompting investors to seek the traditional safe haven. At 2:45 AM ET (0645 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.627, up 0.2%, EUR/USD dropped 0.2% to 1.0925, while GBP/USD fell 0.2% to 1.2203. The latest source of Sino-U.S. disagreement came after Beijing moved to impose a new security law on Hong Kong after last year's pro-democracy unrest.
Retail sales figures will give the Pound and the Loonie direction, with the ECB minutes also in focus. Trump’s Twitter account could be the key driver, however.
21 May, 2020
The British pound went back and forth during the trading session on Thursday as we continue to chop around just below the ¥132 level.
Morgan Stanley said it's turned neutral on the euro due to what it said was the "bold" Franco-German proposal for a 500 billion euro recovery fund, saying the "proposal takes out the downside tail risk for the euro and euro crosses." It no longer recommends a short euro vs. Japanese yen trade and says the euro vs. the dollar "could trade in the 1.0690-1.1150 range for some time but is now more likely to break out to the upside than the downside." Equity investors should view the proposed recovery fund primarily as a potential catalyst to drive regional risk premia lower, rather than a catalyst for stronger growth, the bank said.
Private sector PMIs and U.S jobless claims put the EUR, the Pound, and the Greenback in the spotlight. Numbers out of Japan were not inspiring…
The U.S. dollar posted gains in early European trade Thursday, as investors digested the latest downbeat comments from the Federal Reserve, while Asian data offered no real recovery clues. At 2:45 AM ET (0645 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.403, up 0.3%, EUR/USD dropped 0.1% to 1.0962, while USD/JPY rose 0.2% to 107.76. Earlier Thursday, a trade report from South Korea, a bellwether for global commerce, showed exports may be set to drop more than 20% in May for a second month.
20 May, 2020
Ultimately, if you are looking to sell this market, it is likely that you could get an opportunity in this general vicinity.
NAB’s cashless retail sales index, which measures debit card, credit card and other cashless spending on NAB platforms, fell 5.3% in April.
Investing.com - The U.S. dollar pushed higher in early European trade Wednesday amid doubts over a potential vaccine for the Covid-19 virus, but it’s been the euro which has shone the brightest as the Franco-German proposal for a common EU recovery fund gains traction.
19 May, 2020
Quite frankly, the British pound has gotten a bit of a “free pass” over the last couple of days, but we are starting to reach significant resistance barriers.
The dollar was down on Tuesday morning in Asia after U.S. drugmaker Moderna (NASDAQ:MRNA) announced “positive” results for its potential COVID-19 vaccine on Monday. The U.S. Dollar Index that tracks the greenback against a basket of other currencies slid 0.01% to 99.672 by 12:14 AM ET (5:14 AM GMT). Meanwhile, U.S. Federal Reserve Chair Jerome Powell is scheduled to speak on the state of U.S. economic recovery from the virus on Tuesday, where he is expected to press for future fiscal support.
18 May, 2020
The British pound has rallied a bit during the trading session on Monday, reaching towards the ¥131 level to trying to wipe out the candlestick from Friday.
At 2:40 AM ET (0645 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.362, down 0.1%, having earlier Monday reached a three-week high. EUR/USD rose 0.1% to 1.0823.
15 May, 2020
The market is of course going to continue to see a lot of issues, and the trend looks to be confirming itself.
This pair continues to be very volatile but has a decidedly negative flavored.
The British pound fell vs. the dollar and the euro as its lead negotiator, David Frost, said "very little progress" was made in Brexit talks with the European Union's Michel Barnier. He said it was hard to understand why the EU was insisting on an "ideological" approach as he said the EU wanted to bind the U.K. to its laws and standards. The next round of talks will be on June 1.
The U.S. dollar has given back some of its overnight gains in early European trade Friday, but remains in favor as risk aversion still dominates, amid rising Sino-U.S. tensions. At 2:45 AM ET (0645 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.365, down 0.1%, having earlier Friday reached a three-week high. U.S. President Donald Trump ratcheted up these tensions in an interview with Fox Business Network on Thursday, stating he was disappointed with China's failure to contain the coronavirus, that this had cast a pall over the trade deal between the two countries.
14 May, 2020
The British pound continues to drift lower against the Japanese yen, as it approached the crucial ¥130 level.
13 May, 2020
The British pound ran into resistance again against the Japanese yen as it rallied towards the crucial ¥132 level. This is an area that has been important more than once, as it was previous support. At this point, the market looks as if it is trying to roll over again.
12 May, 2020
The British pound initially fell during trading on Tuesday but gained again in order to show resiliency against the Japanese yen. That being the case, we are still in a strong downtrend, but it seems as the buyers are quite ready to give up.
GBP/JPY made a bullish pullback after a strong downtrend (red candles). The bears could soon regain control again and aim for the 130 target.
The U.S. dollar was marginally lower in early European trade Monday, consolidating after hitting a two-week high against its major peers overnight amid growing fears about a second wave of coronavirus infections. At 2:55 AM ET (0655 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.248, essentially flat from late Monday, after earlier climbing to 100.513, a two-week high.
11 May, 2020
The British pound initially tried to rally during the trading session on Monday but rolled over to show signs of exhaustion as the ¥132 level began the previous consolidation area.
At the same time, European Central Bank officials talked up the possibility of more stimulus, undeterred by the recent German court ruling which questioned the legality of some of its monetary policy.
10 May, 2020
The U.S. Dollar Index that tracks the greenback against a basket of other currencies slipped 0.04% to 99.725 by 11: 25 PM ET (4:25 AM GMT). The number of U.S. unemployment claims since late March soared above 30 million on Thursday, and Treasury Secretary Steve Mnuchin warned overnight that the U.S. unemployment rate could already have reached 25%.
07 May, 2020
The AUD/NZD has formed another leg in technical uptrend and we should see a continuation move up. My entry is 1.0635 and we are still going up.
06 May, 2020
The controversial German court ruling against the past use of eased policies (bond buying) from the European Central Bank has maintained a negative stance on Euro sentiment.
05 May, 2020
The U.S. dollar was down on Tuesday morning in Asia, with stocks up as some countries reopened their economies the day before. The U.S. Dollar index that tracks the greenback against a basket of other currencies slipped 0.04% to 99.528 by 12:02 AM ET (5:02 AM GMT). The USD/CNY pair remained steady at 7.0622, with investors’ optimism about China’s reopening in the aftermath of the COVID-19 virus mingling with caution amid increased U.S.-China tensions over the origins of the virus.
03 May, 2020
Deutsche Bank (DE:DBKGn) currency strategist George Caravels told CNBC if the U.S. imposes capital controls on China, it would be dollar-negative as the move would imply outflows from greenback-denominated assets.
28 Apr, 2020
The dollar was down on Wednesday morning in Asia with investors awaiting the results of a U.S. Federal Reserve meeting later in the day. The U.S. Dollar Index that tracks the greenback against a basket of other currencies slipped 0.15% to 99.785 by 11:14 PM ET (4:14 AM GMT), with stocks recording gains and investors retreating from the greenback, traditionally viewed as a safe haven. Investors are looking to the Fed meeting for clues on its future policy in the aftermath of the ‘unlimited quantitative easing’ unleased over the past two months to combat the economic impact of the COVID-19 pandemic.
The AUD/JPY is the best pair to compare Equities with as the excellent correlation exists on all time frames.
27 Apr, 2020
The Japanese Yen initially breached the 107.3 level against the US Dollar, only to pare gains, after the Bank of Japan pledged unlimited buying of government bonds and agreed to raise its holdings of corporate debt to 20 trillion Yen.
24 Apr, 2020
The U.S. dollar has been in demand Friday, as disappointment surrounding a trial for an antiviral drug to combat Covid-19 deflated hopes for a quick breakthrough in bringing the pandemic under control. At 3:15 AM ET (0715 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.950, up 0.4%, and at levels not seen since the beginning of April. Doubts have emerged over the efficacy of Gilead (NASDAQ:GILD) Sciences’s antiviral drug remdesivir in treating the Covid-19, after the Financial Times reported overnight that it had failed its first randomized clinical trial.
23 Apr, 2020
The IHS Markit flash eurozone services purchasing managers index in April skidded to a record low of 11.7 from 26.4 in March, while the manufacturing PMI fell to a 134-month low of 33.6 from 44.5. Economists according to FactSet had expected a reading on the services PMI of 24 and 39.2 for manufacturing, on a scale where any reading below 50 indicates deteriorating conditions. The French services PMI fell to 10.4 in April from 27.4 in March, a record low, and the German services PMI dropped to 15.9 from 31.7. The flash estimate is based on around 85% of total PMI survey responses each month.
16 Apr, 2020
EURGBP struggled to gather upward momentum after a failed recovery attempt on Wednesday morning. The currency pair is now trading near its lowest level in one month, as recession fears hit the Eurozone economy.
The EUR/JPY shows bearish continuation signs. The price is very bearish as the shoulder-head-shoulder pattern progresses.
13 Apr, 2020
The US dollar continues to go back and forth against the Japanese yen during the trading session on Monday, looking very much like it wants to go towards the bottom of the recent range on Tuesday. That being the case, the market still looks very neutral.
09 Apr, 2020
The US dollar has gone back and forth during the trading session on Thursday, as the Federal Reserve has announced a massive liquidity measures to buy just about everything that isn’t nailed to the floor.
By Yasin Ebrahim
07 Apr, 2020
At 3:10 AM ET (0710 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.235, down 0.5%, with the loonie, Aussie and kiwi all rising over 1%. GBP/USD gained 0.7% to 1.2316 even as Prime Minister Boris Johnson was moved into intensive care overnight due to his worsening COVID-19 symptoms. In New York, the epicenter of the outbreak in the U.S., Governor Andrew Cuomo said Monday that the state’s death rate has been ‘effectively flat for the last two days.’
03 Apr, 2020
Today let’s start our analysis with an update from Poland; The number one spot on the stock exchange is now occupied by a gaming company called CD Project. You probably recognize some of the games they’ve released like ‘The Witcher’ and ‘Cyberpunk2077’.
02 Apr, 2020
The Australian dollar initially tried to rally during the trading session on Thursday but gave back the gains to show signs of extreme negativity. At this point, the 0.60 level is trying to offer support, but given enough time it looks as if we will probably break through there.
AUD/JPY is overall bearish. The price must remain below 66.00 in order for bears to stay in control.
We strongly believe China wants to show some strength in their perceived economic recovery and that these PMI numbers are somewhat “manufactured for effect”.
01 Apr, 2020
The IHS Markit eurozone manufacturing purchasing managers index fell in March to 44.5 from 49.2 in February. That's the lowest reading in 92 months but wasn't a surprise as the flash estimate was 44.8. Around Europe, Italy's manufacturing PMI fell to 40.3 from 48.7, that country's worst since April 2009, while Spain's fell to 45.7 from 50.4 and Greece's fell to 42.5. "Even the slide in the PMI to a seven-and-a-half year low masks the severity of the slump in manufacturing as it includes a measure of supply chain delays, which boosted the index," said Chris Williamson, chief business economist at IHS Markit.
31 Mar, 2020
The dollar traded marginally higher Tuesday, helped by gains against the more defensive currencies, the Japanese yen and the Swiss franc, on the last trading day of the month. At 3:05 AM ET (0705 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.597, up 0.3%. “The talk is Japanese names are short of dollars (as the fiscal year comes to an end), which is likely to keep the dollar bid well into London time,” Yukio Ishizuki, FX strategist at Daiwa Securities, told CNBC.
26 Mar, 2020
The EUR/JPY is trying to break higher above the trend line. If the price succeeds in staying above, then the next target could be W H5.
24 Mar, 2020
The EUR/GBP is bullish. We can see two distinct POC zones, but the chance is that the price will bounce from the first POC zone.
20 Mar, 2020
The US dollar has initially pulled back during the week but then shot straight up in the air to reach towards the ¥111 level. At this point, the market looks as if it is getting a bit of her stretched, and more volatility is probably the one thing you can count on.
19 Mar, 2020
The U.S. dollar has continued to push higher Thursday, as investors look for a safe haven amid periods of wild financial market volatility and worries over tightening liquidity. The U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 101.930 up 0.4%, and just off its highest level since the end of 2016. Elsewhere, the Australian dollar skidded to a 17-year low, the New Zealand dollar fell to an 11-year low, while the Norwegian kroner fell over 5% overnight as oil prices crashed.
18 Mar, 2020
13 Mar, 2020
The Bank of Canada on Friday delivered an emergency rate cut, slashing its main rate by half a percentage point to 0.75%. The move follows a half-point cut at the bank's regular policy meeting on March 4. "It is clear that the spread of the coronavirus is having serious consequences for Canadian families, and for Canada's economy. In addition, lower prices for oil, even since our last scheduled rate decision on March 4, will weigh heavily on the economy, particularly in energy intensive regions," the central bank said, in a statement. The U.S. dollar was flat against the Canadian currency , trading at C$1.3930.
11 Mar, 2020
On Tuesday and Wednesday things have been calmer, we will try to look for more technical setups which are more based on dots and less on panic and fear.
06 Mar, 2020
10:09
Yahoo! Finance
Sometimes it is a combination of various factors. In the media, the recent strength of the EURUSD is contributed to the few factors.
04 Mar, 2020
The Bank of Canada on Wednesday cut its benchmark lending rate by half a percentage point to 1.25% at its regularly scheduled policy meeting, following a half-point cut by the U.S. Federal Reserve a day earlier. "While Canada's economy has been operating close to potential with inflation on target, the COVID-19 virus is a material negative shock to the Canadian and global outlooks, and monetary and fiscal authorities are responding," the Bank of Canada said in a statement. The Canadian dollar weakened following the announcement. The U.S. dollar fetched 1.3397 Canadian dollars, up 0.1% on the day and compared with C$1.3343 ahead of the announcement.
28 Feb, 2020
26 Feb, 2020
25 Feb, 2020
24 Feb, 2020
21 Feb, 2020
20 Feb, 2020
19 Feb, 2020
The AUD/NZD is targeting higher levels. We should see a continuation move due to ascending scallop pattern.
18 Feb, 2020
Yesterday we looked closer on the situation on the Swiss Franc and today, we will analyze Japanese Yen. First, the JPY Index, which is showing first signs of a bullish sentiment.
13 Feb, 2020
By Yasin Ebrahim
2020 is so far a nightmare for the EURUSD. The pair is extending the losses and today, we are on the lowest levels since May 2017.
By Peter Nurse
12 Feb, 2020
By Yasin Ebrahim
Did you wonder what will be the cause of the next recession? As for now, that will not be a war between Iran and US and it will not be a Coronavirus.
11 Feb, 2020
The U.S. dollar was flat Tuesday as traders weighed weaker-than-expected labor data against positive remarks from Federal Reserve Chairman Jerome Powell on the economy. "We’ll be watching this (coronavirus impact) carefully," Powell told lawmakers on the House Financial Services Committee. The Fed's current wait-and-see approach has continued to attract criticism, not least from President Donald Trump who continues to call on the central bank to cut rates.
10 Feb, 2020
07 Feb, 2020
05 Feb, 2020
04 Feb, 2020
Today, we will show you long-term situation on the three currency pairs, where we could spot interesting trading opportunities.
03 Feb, 2020
By Peter Nurse
31 Jan, 2020
By Peter Nurse
29 Jan, 2020
The European parliament will approve Britain’s departure from the EU later on Thursday, setting the scene for the U.K. to leave the bloc. British Prime Minister Johnson has hailed the departure, but European officials are much less enthusiastic.
By Yasin Ebrahim
28 Jan, 2020
27 Jan, 2020
24 Jan, 2020
Investing.com - The U.S. dollar is showing some strength against the safe haven Japanese yen Friday as a degree of calmness returns to traders who have fretted all week over the new pneumonia-like virus in China.
21 Jan, 2020
09 Jan, 2020
Dear Traders, The EUR/JPY has made a Adam and Adam bullish pattern and the breakout should provide a continuation.
Investing.com - Crisis, what crisis? Markets look to have turned a new page after comments from U.S. President Donald Trump overnight seemed to point to an end to the rising U.S.-Iran tensions. U.S. stock futures are pointing to a higher open on Wall Street, continuing Wednesday’s gains which saw the Nasdaq notch a record close. Oil prices remain firm after a surprise build in weekly crude supplies, but gold has fallen back sharply from its elevated levels. Here’s what you need to know to start your day
08 Jan, 2020
Invesing.com – The U.S. dollar climbed Wednesday as risk appetite bounced back after President Donald Trump signaled de-escalation in conflict with Iran despite the Islamic Republic launching several attacks on U.S. forces in Iraq.
Tension in the Middle East rises. After the attack on the American bases in Iraq, safe heavens went up again. Surprisingly, that was just temporarily as now, those gains are being wiped out almost as fast as they appeared.
02 Jan, 2020
Dear Traders, The AUD/JPY has reached the M H5 level during the last trading week in December 2019. We should see a retracement down.
16 Dec, 2019
The actual “Big trade deal with China” has become clearer despite the chaotic press briefing Friday.
01 Dec, 2019
AUD/USD has been sliding lower and lower since the beginning of November, although it’s still a great deal away from October lows.
11 Nov, 2019
Investing.com – Stocks overall struggled on Monday, but the Dow was pushed higher by gains in Boeing and Walgreen Boots Alliance.
02 Oct, 2019
Risk aversion is dominating financial markets today after disappointing data from the United States and gloomy outlook from the World Trade Organization (WTO) spooked investors and reinforced concern over decelerating global growth.
01 Oct, 2019
Investing.com -- China throws a party with ICBMs and stealth drones, while Hong Kong burns. Meanwhile, Europe's economy looks ever grimmer and Credit Suisse (SIX:CSGN) clears its CEO of wrongdoing in a spy drama. Here's what you need to know in financial markets on Tuesday, 1st October.
23 Sep, 2019
Investing.com - The safe haven yen drifted lower against the other major currencies on Monday as risk appetite improved after two days of trade talks between the U.S. and China in Washington, which were described as productive.
27 Aug, 2019
The Euro is holding around the 1.11 level against the US Dollar, despite the announcement that Germany’s GDP contracted by 0.1 percent in Q2, suggesting that markets had already largely priced in the gloomy economic data ahead of the release.
21 Aug, 2019
The volatility on the market dropped recently and the reason for that seems to be in the Jackson Hole symposium later this week.
05 Aug, 2019
Risk aversion is dominating financial markets today after the Chinese Yuan weakened beyond the psychological 7.0 level for the first time since May 2008.
19 Jun, 2019
Sellers have dominated EUR/USD for much of the first half of the month. The highly anticipated Fed meeting, scheduled later today, stands to change that, however, the bar has been set high.
13 Jun, 2019
Overnight, traders received the data from the Australian job market.
11 Jun, 2019
Gold stumbled to a fresh one-week low on Tuesday as cautious optimism over global trade developments boosted risk sentiment and dampened appetite for safe-haven assets.
05 Jun, 2019
Gold remains one the few bright spots across financial markets today amid ongoing US-China trade tensions, Brexit drama and concerns over slowing global growth.
COUNTRIESPREVIOUS RATEMEETING DATECURRENT RATE
United State0.25% US6-10-2020 – 18:000.25% US
Japan– 0.10% JPY6-16-2020 – 03:00– 0.10% JPY
Great Britain0.10% GBP6-18-2020 – 11:000.10% GBP
EU0.00% EUR6-4-2020 – 11:450.00% EUR
Switzerland-0.75% CHF6-18-2020 – 07:30– 0.75% CHF
New Zealand0.25% NZD6-24-2020 – 02:000.25% NZD
Canada0.75% CAD6-3-2020 – 14:000.25% CAD
Australia0. 25% AUD6-2-2020 – 04:300.25% AUD

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