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Moon Blots out the dollar

Moon Blots out the dollar Another squally trading session overnight to celebrate the first total solar eclipse to hit the continental US in 99 years. A definite downside dollar bias emerged overnight, although recent ranges were respected. But with few particular dollar triggers amid a sparsely populated economic calendar, the market could be doing little […]

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Buy USD/JPY targeting 111.50 – Citi trade of the week

USD/JPY started off the week with ith a drop under 109, but the team at Citi has other plans for the pair. Here is their trade of the week: Here is their view, courtesy of eFXnews: Currency investors should consider buying USD/JPY this week, advises CitiFX Research in its weekly FX pick. Citi recommends buying USD/JPY* […]

The post Buy USD/JPY targeting 111.50 – Citi trade of the week appeared first on Forex Crunch.

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Gold Records Strong Gains on Monday

Gold has started the week with considerable gains. In the Monday’s North American session, spot gold is trading at $1291.75, up 57% on the day. There are no US events on the schedule, so we’re unlikely to see any significant movement for the remainder of the day. It was a busy week for gold, as […]

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