Daily Pivots: (S1) 156.06; (P) 157.26; (R1) 159.53; More… Intraday bias in USD/JPY remains neutral at this point as consolidation from 160.20 short term top is extending. Strong support could be seen from 38.2% retracement Read more…
Yen is currently trading as the strongest currency for the day as the markets enter into US session. The earlier dip below 160 psychological support against Dollar spurred a wave of buying, propelling Yen sharply Read more…
Tesla (TSLA) shares powered higher Monday after the electric-car maker won a key endorsement for the rollout of its driver-assistance technologies in China following Chief Executive Elon Musk’s surprise weekend visit to Beijing. Musk is Read more…
Check back for updates throughout the trading day U.S. equity futures edge higher Monday, while Treasury yields and the dollar eased, as investors looked to a key week on Wall Street with a focus on Read more…
Market picture The crypto market has lost 3.3% in the last 24 hours to $2.3 trillion. The last time this level of capitalisation was on 19th April. Most worrying is the reversal of the trend Read more…
The USD/JPY pair is hovering around 155.00 on Monday, having earlier touched a new 34-year peak at 160.00. Market rumours suggest that the Japanese authorities might have intervened in the currency market, although there has Read more…
Eurozone Economic Sentiment Indicator fell from 96.2 to 95.6 in April, below expectation of 96.9. Employment Expectations Indicator fell from 102.5 to 101.8. Economic Uncertainty Indicator fell from 19.3 to 18.8. Eurozone industry confidence fell Read more…
ECB Governing Council member Pierre Wunsch expressed today that he is “very comfortable” with rate cut in June. He also anticipates that at least two rates cuts this year, “barring any bad news”. However, Wunsch Read more…
Despite the fact that today is a holiday in Japan, the foreign exchange market is experiencing extreme volatility — wide candles are forming on the USD/JPY chart, and the rate briefly exceeded the psychological level Read more…
USDJPY cracked psychological 160 barrier and hit new multi-decade high early Monday, with subsequent sharp pullback to 155.00 zone on suspected intervention. Fresh weakness cracked pivotal 155 support area (Friday’s low / 10DMA / Fibo Read more…