The EURJPY continues to march higher as the Japanese yen maintains a weaker stance. The market at this point seems to be gearing up to cross the all-time high reached many sessions ago at the 171.10 mark. Let’s examine the chances of this occurring. Key Price Levels:Resistance Levels: 172.00, 173.00, and 174.00Support Levels: 170.00, 169.00,…
By Heekyong Yang, Ju-min Park and Hyunsu Yim SEOUL (Reuters) – Samsung Electronics (KS:)’ union in South Korea will begin escalating strike action next week by staging the first ever walkout over demands for higher wages, union officials said on Wednesday. The union, which has about 28,000 members, or more than a fifth of the…
The election may not yet be in the bag for Labour, but research suggests it is in the shopping basket. The party’s voters now make up the majority of customers at all leading supermarkets apart from Waitrose, according to the latest polling from retail research firm GlobalData. Shoppers at Tesco, Sainsbury’s, Morrisons, Lidl and Aldi…
The Japanese yen continues to drift and showing little movement on Tuesday. USD/JPY is trading at 156.92, up 0.01% on the day at the time of writing. Corporate Service Prices Jumps, BoJ Core CPI Dips Japanese inflation indicators have been a mix this week. The Corporate Services Price index jumped 2.8% in April, up from…
Looking for more USD-related setups to trade? EUR/USD looks like it just turned lower from a key resistance zone! Will the pair extend its long-term downtrend in the next few days? EUR/USD 4-hour Forex Chart Chart by TradingView In case you missed it, EUR/USD just got rejected from the 1.0900 psychological handle for a second…
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The WTI crude oil futures contract has broken out above the resistance of the falling price channel visible on its 4-hour chart. Following the bullish breakout, the commodity is now facing a key test at the 80.04 resistance level. Potential Bullish Reversal Signal A breakthrough of the 80.04 resistance would likely indicate that the recent…
The ever-shifting tides of the financial markets can be daunting for new traders. Navigating the sea of charts and indicators can feel overwhelming, leaving you wondering where to begin. But fear not, intrepid explorer! Today, we’ll delve into a powerful tool that can simplify your technical analysis and potentially illuminate profitable trading opportunities – the…
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The D2T/USD market has experienced a continuous struggle between bulls and bears, with the critical $0.003 price point serving as a significant resistance barrier. Despite multiple attempts by the bulls to break through, the bears have maintained control, keeping the majority of price movements below this crucial level. Nevertheless, the bulls have managed to uphold…