USD/JPY fails to keep the previous day’s run-up to 106.15.
US dollar bears ignore Tuesday’s bounce off 28-month low.
Global equities remain positive, Treasury yields also recover despite mixed sentiment.
Updates over PM Abe’s replacement, speech from BOJ’s Wakatabe may entertain traders ahead of US
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EUR/CHF marks another pullback from the key EMA while defying the previous day’s losses.
Bearish MACD, repeated failures to cross 1.0800 keeps sellers hopeful.
A downward sloping trend line from June 05 adds to the upside barriers.
EUR/CHF prints 0.05% gains while portraying another bounce off 200-
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USD/JPY – EUR/JPY
USDJPY shorts at strong resistance at 107.50/60 worked perfectly as we held below resistance at 107.25/30 targeting 107.00 & minor support at 106.60/50. We bounced just 7 pips above.
EURJPY longs at 122.65/55 worked perfectly on the bounce from 122.45 hitting the 123.20/30 targ
AUD - Australian Dollar
The Australian dollar crept back above 0.70 US cents through trade on Monday, buoyed by an uptick in risk appetite. Investors chased risk assets higher following reports further COVID-19 vaccine trials showed promising results. AstraZenica, in partnership with Oxford Universi
EUR/USD has recovered to 1.1390 from the NY session low of 1.1370.
The bulls need to print a close above the long-held 200-week SMA on Friday.
EU Summit risk looms, the bar of expectations has been set low.
EUR/USD is trading well above the 200-week simple moving average (SMA) of 1.1333 at press t
The Dollar rallied into the N.Y open on Thursday, perking up as risk appetite fell through the European morning session. Wall Street was choppy, swapping gains for losses several times through the session. The moves came as investors battled between increasing virus outbreaks and hopes for economic
SOmetimes find signal 'combos' that do not pass signal rules on their own....however my rationale for entering is that if get a loosely fitting on 'two signals' it adds to the conviction that the trade my have a slighly higher probability of working out...of course the risk
Will be adding this pair into the watchlist as it has been in the consolidation phase for about a week. Will see if it can start its move this week. Currently the price is confined in a bear flag pattern. However, there is also a possibility that it could bounce up higher t
European markets ended lower on Tuesday as World Bank's warning that the global economy this year will see the deepest recession since the World Wart II rendered the mood cautious and prompted investors to sell stocks.
Slightly fading hopes of a quicker global economic recovery following a jump in t
The Singapore stock market has climbed higher in five straight sessions, surging almost 250 points or 9.4 percent along the way. The Straits Times Index now rests just above the 2,750-point plateau and it's looking at another green light for Monday's trade.
The global forecast for the Asian markets
The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is expected to leave its benchmark lending rate unchanged at-0.1 percent.
Japan also will see April figures for
The Thai stock market has finished lower in back-to-back trading days, sliding almost 20 points or 1.5 percent along the way. The Stock Exchange of Thailand now rests just above the 1,280-point plateau although it's expected to find some traction on Friday.
The global forecast for the Asian markets
WTI takes the bids near the weekly high.
200-bar SMA acts as the immediate upside barrier.
Bullish MACD, sustained break of previous resistance line keeps buyers hopeful.
WTI June futures cheer the break of short-term resistance line, now support, while taking the bids near $17.20 ahead of the Euro