USD/JPY is knocked down heavily after edging higher to 149.28. At the time of writing, it’s trading slightly below 149. Apparently, the unexpected excessive volatility is due to intervention by Japan. For now, it’s unsure Read more…
Germany ZEW Economic Sentiment rose slightly from -61.9 to -59.2 in October, above expectation of -66.0. Current Situation Index dropped sharply from -60.5 to -72.2, below expectation of -69.0. Eurozone ZEW Economic Sentiment improved slightly Read more…
The Australian dollar has been having a rough ride lately, sliding to two-and-a-half-year lows against the US dollar as the outlook for the world economy has deteriorated. The Reserve Bank of Australia’s recent dovish pivot Read more…
EURJPY has been in a prolonged uptrend since early March, generating consecutive multi-year highs. Moreover, even though the pair exhibited a substantial downside correction in late-September, the short-term picture has improved drastically again, with the price Read more…
USD/JPY has edged higher today and is currently trading at 149.17. The yen has fallen for eight straight sessions, losing 500 points in that time. Yen slide continues The yen continues to set new 24-year-old Read more…
Stock futures extend rally as dollar eases, sentiment improves; Goldman Sachs to close out big bank earnings; Johnson & Johnson rises ahead of Q3 earnings; Nordstrom continues takeover defense with CFO departure and Netflix ad Read more…
GBPUSD continued to flirt with the 1.1400 round level for the fourth consecutive trading day, despite its muted tone early on Tuesday. The price was also pushing for a close above a short-term descending trendline, which has kept Read more…
The Dow Jones 30 rallies over the optimism about Q3 corporate earnings. The double bottom at 28700 is a sign of solid buying to keep the index afloat. A close above 30400 next to the Read more…
The New Zealand dollar claws back losses on upbeat Q3 CPI. The pair is hovering above March 2020’s low at 0.5500 which has triggered a ‘buying-the-dips’ behaviour. The support-turned-resistance 0.5700 from a previous rebound is Read more…
The Australian dollar finds support as the RBA minutes suggest more rate hikes to come. An oversold RSI on the daily chart shows exhaustion in the sell-off. A tentative break above 0.6340 has prompted some Read more…