USD/JPY Analysis: Dropped Below 107.00
On Thursday, the USD/JPY currency pair tumbled below the 107.20 level. During today’s morning, the pair declined to the 106.80 mark. It is likely that the exchange rate could be pressured by the Fibo 38.20% at 106.86, thus, it is...
GBP/USD Analysis: Supported By 100-Hour SMA
Yesterday, the GBP/USD exchange rate failed to exceed the Fibo 61.80% at 1.2646. During Friday morning, the rate was testing the resistance provided by the 55-hour SMA and the weekly R1 at 1.2600. If the given resistance holds, it is...
EUR/USD Analysis: Breached Short-Term Channel South
On Thursday, the EUR/USD currency pair breached the short-term ascending channel south. During today’s morning, the pair pierced the 200-hour SMA near 1.1270. It is likely that the exchange rate could face the resistance formed by the 55– and 100-hour...
NZDUSD Attempts To Restore Positive Sentiment
NZDUSD appears to be strengthening after finding a footing on the 40-period simple moving average (SMA), which may enhance the very short-term neutral-to-bullish picture. Although the positive momentum in the MACD and the Ichimoku lines has stalled, the rising SMAs,...
USD Index Outook: Initial Signs Of Recovery Stall Are Developing On Daily Chart
Thursday’s risk aversion-inspired bounce from one-month low (96.16), extended on Friday but gains were capped by falling 10DMA /50% retracement of 97.78/96.16 bear-leg. Subsequent easing is generating initial signal of recovery stall, but more evidence will be needed to confirm...
US 30 Index Loses Momentum In Short Term
The US 30 cash index has been on the sidelines over the last month as the 26,410 resistance level seems to be a real struggle for the bulls. Technically, the price could lose some ground in the short-term as the...
Aussie Tumbles on Coronavirus Spike, Yen Flies on Risk Aversion
Yen surges broadly today as the financial markets are back in risk-off mode. Or at least, rally in Chinese stocks is having a pause. Investors some what turned cautious ahead of the week. US Secretary of State Mike Pompeo announced...
USD/JPY Is Drifting Below The 107 Mark
Markets Earlier this week, global (equity) markets mostly saw the glass half full. Sentiment remained constructive even as the number of corona cases worldwide and in the US continued to rise. Yesterday, there were signs of nervousness. The optimism on...
BOJ Preview: Maintaining Negative Rates and QE, while Downgrading Economic Forecasts
While we expect BOJ to maintain all of its monetary policy measures unchanged, the central bank would likely downgrade the economic forecasts for FY2020. BOJ’s Tankan survey revealed that companies of all sectors were worse off in 2Q20, sending the...
Market Morning Briefing: Dollar-Yen Has Fallen Along With The Dip In Dollar Index
STOCKS Profit taking seen on equity sectors across the globe and with a dip seen in Dow, we may expect a dip in Asia-Pac equities too today. The profit-taking we have been talking of seems to have come in a...
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