Technical Analysis – USDJPY maintains range
USDJPY opened on Wednesday at 120.23 and extended lower from the previous day’s high of 120.43. Immediate support is seen at the 38.2% Fibonacci retracement level of the upleg from 115.84 to 122.01....
View ArticleAsian Session – Yen gains as Bank of Japan keeps policy steady
The yen put in a strong performance during today’s Asian trading – driving dollar / yen below the 120 level and euro / yen under the 130 mark, as the Bank of Japan decided to keep its massive stimulus...
View ArticleWatching the Fed’s words
This evening sees the release of minutes to the 17-18 March FOMC meeting, where once again the Fed took with one hand (removing the word ‘patient’ from the statement) but gave in other ways (adjusting...
View ArticleBoJ keeps policy steady; FOMC minutes closely watched
The dollar regained ground against the euro despite the absence of market-affecting news for the currency, covering Friday’s losses occurred by the disappointed NFP report. Furthermore, the greenback...
View ArticleDaily Commentary | 08/04/15
• NFP? What NFP? The effect of the much worse-than-expected nonfarm payrolls on the dollar is now almost totally gone, at least with regards to the G10 currencies. USD is now higher than it was at the...
View ArticleWhat Will the Federal Reserve’s Meeting Records Reveal?
Yesterday the world’s financial markets closed mixed. In Europe, the FTSE 100 grew 1.88 percent to 6,961.77 points, the DAX gained 1.3 percent going up to 12,123.52 points, and the CAC 40 advanced 1.52...
View ArticleYen Rises Against Dollar Following BoJ Decision to Keep Monetary Policy...
The Bank of Japan kept its monetary policy unchanged on Wednesday at its April 8 meeting. At the end of the two-day meeting, policymakers voted 8-1 to continue to increase the monetary base by 80...
View ArticleUSD/CAD Tests Support as Negative Momentum Accelerates
The USD/CAD moved lower in Wednesday and is poised to break down through trend line support. As traders await the Fed minutes, the focus has turned to Canada’s Oliver whoThe post USD/CAD Tests Support...
View ArticleEuropean Session – Dollar under 120.00 yen ahead of FOMC minutes
The market’s main focus is on the FOMC minutes later tonight, leading to dollar weakness and a reversal of Tuesday’s gains during the European session. Despite broad dollar weakness, the euro was...
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