EUR/USD climbed higher and tested the 1.1680 resistance. USD/JPY managed to reclaim 156.00 and might aim for more gains. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a downside correction from the 1.1680 pivot zone. There is a key declining channel forming with resistance at 1.1640 on the hourly chart of EUR/USD…
Key Highlights USD/JPY corrected gains and tested the 155.75 support. A declining channel is forming with resistance at 156.50 on the 4-hour chart. Bitcoin started a recovery wave above $90,000. EUR/USD is consolidating below the 1.1620 resistance. USD/JPY Technical Analysis The US Dollar failed to continue higher above 158.00 and corrected gains against the Japanese…
The USD/JPY pair is trading firmly around 156.56 on Monday, keeping the Japanese yen in a deeply weak position. Markets remain on high alert as they assess a chorus of verbal interventions from Japanese officials aimed at stemming the decline of the national currency. The warnings intensified on Sunday when Takuji Aida, an adviser to…
Markets Risk-off remains the by default bias on global markets today even as there was little in the way of hard economic news to guide trading. High (US tech) valuations and low visibility on Fed policy are most often mentioned. Whatever the reason, yesterday’s selling/risk-off in the US also again spilled over to Asia this…
Last week delivered what should have been a moment of relief for global markets: the US finally ended its historic government shutdown, clearing the way for normal economic data flow to resume. Yet instead of sparking a rally, the reopening brought little comfort. U.S. assets struggled across the board. Equities came under pressure as investors…
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts of USDJPY Forex pair published in members area of the website. As our members know USDJPY is in overall bullish trend. Recently the pair made a clear three-wave correction. The pull back completed right at the extreme…
EUR/USD is climbing higher above 1.1520 and 1.1540. USD/JPY managed to reclaim 154.00 and might aim for more gains. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a decent increase above the 1.1520 pivot level. There is a key bullish trend line forming with support near 1.1570 on the hourly chart of…
The USD/JPY pair retreated to 153.10 on Friday, with the yen retaining a portion of its recent gains amid a flight to safety. A sharp uptick in stock market volatility, driven by concerns over a potential overvaluation of artificial intelligence stocks, prompted investors to seek refuge in traditional safe-haven assets, thereby supporting the Japanese currency….
Markets Risk sentiment turned sour today, both in Europe and in the US. Signs of fatigue were showing up in recent days. Many stock indices hovered sideways near the record highs with higher openings often used as a moment to take some chips off the table. It were Palantir’s earnings released after-market yesterday that ignited…
Risk appetite has not fully enjoyed the treats of a Fed rate cut, strong earnings and trade peace. Fedspeak, the US Supreme Court and US data could challenge the Dollar’s current strength. Aussie and Pound are on divergent paths as respective central banks meet next week. Yen weakness fuels verbal interventions; the battle for $4,000…