Buyers react to a bullish-doji in the daily chart
Based on a softer US inflation report, USD/JPY climbs during the week by 1.14%, after a volatile last three days. USD/JPY is neutral biased, but a doji emerging in the … Read More
Tag: Majors
Markets turn choppy ahead of the weekend
Here is what you need to know on Friday, August 12: The risk rally that was fueled by the soft US inflation data mid-week lost its steam and the market … Read More
Sellers eye 0.6800 as a bearish-engulfing candle pattern emerges
AUD/USD is about to finish the week with losses of 1.10%. A bearish-engulfing candle pattern and the RSI’s crossing below 50 are two reasons that could tumble the AUD/USD. AUD/USD … Read More
Rising bets for a move to 0.7040 – UOB
In light of the recent price action, AUD/USD could now revisit the 0.7040 region in the next weeks, comment FX Strategists at UOB Group Lee Sue Ann and Quek Ser … Read More
US Dollar Index regains the smile and re-targets 107.00
DXY reverses the recent weakness and approaches 107.00. US yields advance marginally across the curve on Monday. The Chicago Fed National Activity Index will take centre stage later. The greenback, … Read More
Buyers loose steam and pullback from 24-year high
USD/JPY gained 1.80% in the week, extending its rally to the seventh consecutive week. USD/JPY Price Analysis: Divergence between price action and RSI spurred a pullback, though a daily close … Read More
Lack of a catalyst keeps the pair sideways in the 135.00-136.00 area
The USD/JPY has been trading in a choppy 100 pip range for the last five days. The major seesawed spurred by the assassination of Japan’s ex-PM Abe and upbeat US economic … Read More
USD/CAD marches steady around 1.2880, after US manufacturing data
The USD/CAD ended the week almost flat amidst a volatile’s Friday session. Canada’s May GDP contracted by 0.2%, on its preliminary reading, a headwind for the CAD. US manufacturing data … Read More
Buyers step in and lift the pair on sellers failure at the double top neckline
The USD/CHF to finish the week with decent gains of 0.39%. Risk-aversion dominates Friday’s session, as throughout the whole week. The USD/CHF double top in the daily chart is still … Read More
NZD/USD rises above 0.6300 on an upbeat market mood and a soft US dollar
The NZD/USD erased early week losses and finished the week flat. On Friday, recession fears abated, but growing risks remain skewed to the downside. St. Louis Fed’s Bullard commented that … Read More