Euro / Japanese Yen
Prices By FOLLOWME , in USD
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#OPINIONLEADER# Where does money flow in times of financial stress and why? Safe haven assets are financial instruments or commodities that investors turn to in times of stress. We’re not talking about personal stress, not in this article, anyway, but the type of stress seen in the wi
Currency markets this week are driven by middle currencies GBP/USD, AUD/USD and associated cross pairs while top and bottom currency pairs EUR/USD and NZD/USD remained trapped in tiny ranges. GBP/USD began the week above vital 1.3357 followed by Sunday's reported levels at 1.3357, 1.3441 and 1.3459.
In EURJPY daily time frame chart, an uptrend is ongoing. Market is recently tested the major structural support of 137.500. #OPINIONLEADER# A Bullish Engulfing candlestick is shown after testing structural support. Bullish engulfing candlestick shows the entry of buyers in
Market movers today Today's data calendar is thin. After yesterday's bunch of data releases and Fed minutes, markets will probably listen closely to Fed's Bostic in the afternoon. While waiting for Friday's US payrolls, we get a few US tier-2 employment indicators with the release of ADP employment,
Preliminary estimates of German CPI inflation for Dec-22 came out at 8.6% (lower from 10% Y/Y seen in Nov-22), lower than the market expectation of 9.6% causing volatility in the Dollar Index and Euro. Euro fell to 1.0520 before slightly rising today while the Dollar index surged from 103.50. Overal