The Japanese yen continues its good form with USD/JPY being dragged to fresh lows in over nine weeks. The pair is down another 100 pips today in a fall angling towards the 130.00 mark...
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USD/JPY remains heavy to start the new week
The pair is still feeling the weight of the technical breakdown below the 135.00 level since last week. A drop today would mark four consecutive daily declines for the pair, its worst run since...
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USDCHF is having a volatile end of month
The USDCHF has had a volatile run of it today. The pair raced higher soon after the NY open and pushed up toward the falling 100 hour moving average at 0.9600 currently (blue line). The high...
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Japan finance minister Suzuki: No comment on day-to-day FX moves
Closely watching FX moves with a sense of urgency These are similar comments to when the Japanese yen tumbled and even with the pullback this week, it hasn’t really amounted to much in the...
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FX option expiries for 28 July 10am New York cut
Just a couple to take note of, as highlighted in bold. That said, they might not be of much significance given that the expiries are trading some ways off from the current spot price. In...
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AUD/USD Forecast: Aussie Struggles with Momentum
The AUD/USD pair tried to rally during the early hours of Tuesday but then fell as the 50-day EMA continues to see a lot of interest. Furthermore, we have the 0.70 level above that could offer quite a...
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BTC/USD Forecast: Bitcoin Showing Signs of Weakness
The BTC/USD pair fell a bit Monday as traders came back from the weekend. The 50-day EMA continues to offer a little bit of dynamic resistance, and it makes sense that we could continue to go lower. The...
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ETH/USD Forecast: Ethereum Has a Quiet Thursday
Ethereum continues to hang around the $1500 level, an area that we have been dipping around for the last three days in a row. After the initial surge above the 50 Day EMA, the Ethereum market...
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2 Minutes
FOREX TODAY: DOLLAR GAINS TRACTION AS MOOD SOURS AHEAD OF PMI DATA
Here is what you need to know on Friday, July 22: Although the euro gathered strength following the European Central Bank’s (ECB) decision to hike its key rates by 50 basis points, it lost...
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USD/JPY Forecast: USD Finds Buyers on Dips
The USD/JPY currency pair initially fell Tuesday against the Japanese yen, but we have seen a turnaround as the Bank of Japan will continue to loosen monetary policy. With that in mind, it makes quite a...
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