Japan’s data is strengthening and Australia’s is weakening, yet AUD/JPY keeps rising — because the cross is trading on the global yield backdrop and carry differential, not on either country’s local fundamentals.
The post Japan’s Data Is Strengthening as Australia’s Weakens. Why Is AUD/JPY Rising? appeared first on ActionForex.
Kohl’s is expanding a key partnership in its stores as its customers tighten their budgets and gravitate toward other retailers. In the second quarter of this year, the department store chain’s comparable sales dipped 0.9% Read more…
EUR/USD stayed in sideway trading above 1.1565 last week and outlook is unchanged. Initial bias stays neutral this week first. On the downside, sustained break of 55 D EMA (now at 1.1565)s will argue that Read more…
USD/JPY fell further to 152.87 last week but turned sideway since then. Initial bias remains neutral this week for some consolidations first. Further decline is expected as long as 154.79 minor resistance holds. Below 152.87 Read more…