GBP/JPY Could Edge Higher
The British Pound declined by 128 pips or 0.95% against the Japanese Yen on Thursday. The GBP/JPY currency pair tested the 149.45 level during yesterday’s trading session. The exchange rate rebounded from the support line, as mentioned earlier, during the...
EUR/JPY Trades Above 129.60
The common European currency declined by 63 pips or 0.48% against the Japanese Yen on Thursday. The currency pair tested the support level at 129.66 during Thursday’s trading session. If the EUR/JPY exchange rate breaks the support line, as mentioned...
Elliott Wave Analysis: Dax Can Retest 15k Psychological Support Level
DAX is coming down as expected, after five sub waves up within wave 5, with the current price breaking the trendline support so we see a new corrective set-back which can be wave 4 now at former wave four support...
GBPJPY Tries To Repower Positive Bearing
GBPJPY has dipped below the 50-day simple moving average (SMA) and into the Ichimoku cloud but is struggling to break below the 149.50 level, which happens to be the 23.6% Fibonacci retracement of the up leg from 136.95 until 153.40....
GBPUSD Gains Positive Traction Near 200-SMA, Upside Move Fragile
GBPUSD returned most of its weekly wins, but the bullish breakout above the descending channel remains valid, with the pair currently pushing for a rebound near the 200-period simple moving average (SMA) on the four-hour chart. The recent golden cross...
EURUSD Awaiting PMI Data
The euro currency has fallen back towards the 1.2000 level against the US dollar, as traders remain anxious ahead of preliminary EU PMI data. A bearish head and shoulders pattern is a warning of a coming 65 point price drop...
Yen Firm in Quiet Markets, Bitcoin Free Fall
While US stocks tumbled overnight, Asian markets are just mixed. Gold and oil are stuck in range too, while the bigger move is found in bitcoin. The forex markets are also generally staying in tight range. Yen is currently the...
Stock futures tick higher after concerns over capital gain tax hike prompt selling
Futures contracts tied to the major U.S. stock indexes ticked higher at the start of the overnight session as investors prepared to end a down week for equities amid concerns the White House could seek a hike to the capital...