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USD/JPY Outlook: Dollar Elevated Amid Upbeat Consumer Spending – Forex Crunch
The USD/JPY outlook is pointing north as the dollar remains strong following upbeat retail sales data. US unemployment claims were well below the forecasts. The yen was fragile as markets awaited an election in Japan. The USD/JPY outlook points north as the dollar remains strong after upbeat retail sales data from the previous session. Meanwhile,…
CME Group’s FX Spot+ goes live – e-Forex
FX Spot+ is a new spot central limit order book that seamlessly connects OTC traders to futures liquidity and the futures client ecosystem helping to bring the two markets together. A number of firms active in FX cannot natively interact with FX futures liquidity or the customer ecosystem because they don’t have clearing or futures…
EUR/USD Technical Outlook: Weekly Timeframe Hints at Further Gains
EUR/USD is showing bullish momentum on the weekly chart with a potential bullish engulfing candle, suggesting further gains and possible new yearly highs. On the daily chart, a close above 1.1366 is needed for a structural change. The RSI on the daily timeframe indicates a bullish bias, but a US Dollar recovery could trigger a…
EUR/USD Weekly Outlook – ActionForex
EUR/USD dived to as low as 1.1529 last week but recovered after breaching 1.1576 support briefly. Initial bias remains neutral first and further decline is in favor as long as 1.1740 support turned resistance holds. On the downside, below 1.1529 will target 38.2% retracement of 1.0176 to 1.2081 at 1.1353 next. In the bigger picture,…
