Japanese officials have remained coy about whether or not they intervened to prop up the hapless yen on Monday. ICYMI: ForexLive European FX news wrap: […]
UBS on the yen: “Looks like intervention”, if it was its unlikely to have a lasting impact
ICYMI, check out the rundown and links in these: ForexLive European FX news wrap: Japan steps in to support the yen currencyForexlive Americas FX news […]
Forexlive Americas FX news wrap: USD/JPY drops again
Germany April preliminary CPI +2.2% vs +2.3% y/y expectedUS Treasury refunding update: $243 billion vs $202 billion priorECB’s De Guindos: We are heading in the […]
US stocks move into negative territory after refunding levels surge
The refunding announcement was supposed to show a dip from the prior estimates. Instead the refunding needs increased by 20%. Yikes. Bond yields have moved […]
USD/JPY dip buyers wade in again
There’s no official confirmation that Japan’s ministry of finance intervened today but there are certainly tell-tale signs. What to make of the second leg down […]
The USDJPY falls back below the 100 hour/200 hour MAs again. Bounces to 100 hour MA
The USDJPY took another run to the downside after the move back above the 38.2% of the April trading range gave way at 156.615. The […]
The GBPUSD is trading to a new high and tests the 200 day MA
The GBPUSD is training to new highs in the processes moving above the 61.8% retracement of the April trading range at 1.25519. The prices also […]
AUDUSD working on 7th day higher but 100 day MA stalls the rally at session highs.
The AUDUSD has traded higher for six straight days and is working on day seven. However, after rising in the Asian session today, sellers showed […]
Octa’s market snapshot: The Fed is stuck between recession and high inflation
Key takeaways ● The Fed is expected to leave rates unchanged at their meeting on 30 April – 1 May. ● The BEA report showed […]
Kickstart your FX trading for April 29 w/ a technical look at the EURUSD , USDJPY & GBPUSD
In the kickstart video for April 29, 2024, I take a look at three of the major currency pairs – the EURUSD, USDJPY and GBPUSD. […]