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Day: July 15, 2021

EURJPY Bounces on Support Base Formed in April

EURJPY has found footing for a second time in the vicinity of the support boundary of 129.56-129.78, formed by the lows in April. In spite of this, the simple moving averages (SMAs) are maintaining their bearish bearings, feeding the downward price pressures. The Ichimoku lines are holding a minor negative bias, while the short-term oscillators …

EURJPY Bounces on Support Base Formed in AprilRead More

EURJPY Bounces on Support Base Formed in April

EURJPY has found footing for a second time in the vicinity of the support boundary of 129.56-129.78, formed by the lows in April. In spite of this, the simple moving averages (SMAs) are maintaining their bearish bearings, feeding the downward price pressures. The Ichimoku lines are holding a minor negative bias, while the short-term oscillators …

EURJPY Bounces on Support Base Formed in AprilRead More

Watch Fed Chair Powell speak live to Senate banking panel on the economy and policy

[The stream is slated to start at 9:30 am ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell appears Thursday before the Senate Committee on Banking, Housing and Urban Affairs to conclude his two-day appearance on Capitol Hill to discuss the economy and …

Watch Fed Chair Powell speak live to Senate banking panel on the economy and policyRead More

Jobless claims hit new pandemic low, while New York manufacturing notches record high

Initial claims for unemployment insurance fell to a new pandemic-era low last week, the Labor Department reported Thursday. First-time filings for benefits totaled 360,000, in line with Dow Jones estimates and the best number since March 14, 2020. The total represented a substantial decrease from the previous week’s upwardly revised 386,000. Continuing claims, which run …

Jobless claims hit new pandemic low, while New York manufacturing notches record highRead More

Dollar Regains Ground on Job Data, Sterling Support by BoE Saunders

Dollar regained some ground in European session, as assisted by mild pull back in stocks. The greenbacks stay firmer into US session as jobless claims data showed continuing improvement. Sterling is also stronger today after BoE policymaker Michael Saunders’ hawkish comments. On the other hand, commodity currencies are trading lower, as led by pull back …

Dollar Regains Ground on Job Data, Sterling Support by BoE SaundersRead More