EURJPY Wave Analysis
EURJPY reversed from support level 138.00 Likely to rise to resistance level 140.00 EURJPY currency pair recently reversed up with the Bullish Engulfing from the key support level 138.00, standing near the lower daily Bollinger Band and the 61.8% Fibonacci...
Dollar Paring Gains as Retail Sales Strong, But Not Materially Stronger Than Expected
Dollar is starting to pare back this week’s gains in early US session, after retail sales data were not materially stronger than expectations. It looks like EUR/USD could close the week above parity, and may start to stabilize for the...
Dollar Paring Gains as Retail Sales Strong, But Not Materially Stronger Than Expected
Dollar is starting to pare back this week’s gains in early US session, after retail sales data were not materially stronger than expectations. It looks like EUR/USD could close the week above parity, and may start to stabilize for the...
Dollar Index: Bulls Taking a Breather Under New 20-Year High
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Euro Eyes US Retail Sales
The euro continues to trade close to the parity line, after breaking below this symbolic level during the week. It marked the first time that EUR/USD fell below parity since 2002. On Thursday, EUR/USD dropped to a low of 0.9952,...
Investing on the graveyard shift: Two new ETFs look to capture the ‘night effect’
NightShares 500 and NightShares 2000 are doing something no ETF has done before. Signal2frex feedbacks
Oil Outlook Bears Leading the Way
As global economic conditions continue to stroll casually towards deterioration, the market scrambles to reappraise the possibility for a recession. Contributing to the worsening of the economic outlook, is the soaring inflation, with year-on-year US consumer price index, reaching levels...
EUR/USD: Rising Pressure on Euro Suggests that Final Break Below Parity is Near
The Euro is hovering just above parity level for the third consecutive day, with this critical support being dented but bears were so far unable to break lower. Limited upticks show that downside pressure is strong, though headwinds from parity...
Yen Extends Decline Against Dollar and Canadian
Yen’s selloff continues in Asian session today, on expectation of further divergence in BoJ’s policy with other major central banks. BoC’s mega 100bps hike overnight prompted talks that Fed could follow later in the month, given that headline consumer inflation...
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Dollar rises in early US session after data shows that headline consumer inflation accelerated once again in June, to the highest level since 1981. Yen is currently the worst performing one on rise in US and European benchmark yields. But...