CATEGORY Forex News
USD/JPY – Yen Gains Ground as BoJ Cautiously Optimistic
The Japanese yen has posted gains in the Tuesday session. Currently, USD/JPY is trading at 110.33, down 0.46% on the day. On the release front, the Bank of Japan maintained interest rates at -0.10% at its policy meeting. Later in the day, Japan release…
AUD/USD Rally Approaching Initial Resistance Targets
Prices have responded to technical resistance after rallying more than 3% since the start of the year. Here are the updated targets & invalidation levels that matter.
Traders Urged to Respond to Proposed European Rule Changes
Traders in Europe are being urged to send their views to ESMA after the regulator’s announcement of a consultation on potential CFD and binary options measures to protect retail investors.
AUD/USD Rate Rally Stalls Ahead of 2017-High; RSI Sell Signal on Tap
The failed attempts to test the 2017-high (0.8125) instill a cautious outlook for AUD/USD especially as the RSI starts to show signs of exhaustion.
U.S. Government Shutdown – What it Means and how it may Effect Markets
On Monday congress finally found common ground and signed in a funding bill – at least short term, this postpones the government shut-down for approximately 20 more days. This in fact the 4th short-term funding pushed through –…
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USD & JPY Get Haven Bids as Trump Protectionism Returns
Proxies for emerging market growth, the commodity currency bloc – AUD, CAD, and NZD – have been hit hardest by protectionist fears overnight.
Elliott waves for Forex correlation analysis – Remain long
USDJPY – Down Wave Analysis: During the previous trading day, we saw a slight extension of the impulsive wave (5) to the lower side but could not go below 110.39. This is a key 4 hour support level and as long as it protects the lower side we expect a …
Elliott waves for Forex correlation analysis – Wait for correction to rebuy
GBPUSD – Flat Wave Analysis: During the previous trading day, we saw a possible extension of both the impulsive waves (5) and (c) to the upper side but is still below our target set at 1.45. During this intraday, we expect a possible correction to the …
Elliott waves for Forex correlation analysis – Remain short
EURUSD – Up Wave Analysis: During the previous trading day, we saw a further correction of the impulsive wave (c) to the upper side but did not go beyond 1.2266. We expect this upward rally to be a phase of the corrective wave (b) that the current bear…
Technical Analysis Based on Breakout – Short USD within (111.53-111.29)
USDJPY – Down Technical observation Around 8th of January this year USD dropped massively and broke below a key support zone (111.53-111.29),since then, price has remained below this zone and is showing signs of continuing even lower. On the daily ch…