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EURJPY tops out above 137.60
Not much interest in EURJPY today with sellers sighted between 137.60 - 137.80 and buyers lining up at 137.00. Intraday technical traders are looking at the 100 hr MA which comes in at 137.15 to contain the downside. EURUSD is trading in tandem with the up move from earlier this morning mirroring...
USD/CAD Daily Outlook
Daily Pivots: (S1) 1.0849; (P) 1.0915; (R1) 1.0972. USD/CAD’s rally is still in progress and at this point, intraday bias remains on the upside for 1.1101 resistance first. Break there will confirm the pair has bottomed in medium term and bring stronger rally. On the downside, below 1.0859...
GBPUSD stays in a trading range between 1.5535 and 1.5712
GBPUSD stays in a trading range between 1.5535 and 1.5712. Another rise towards 1.5712 key resistance would more likely be seen later today, a...
USD Turns Bullish Following EU News
Source: ForexYard The US dollar had a particularly strong day today following negative news out of both Japan and the euro-zone. News that Japan...
Beware the tape bomb
As finance ministers gather in Italy for a G7 meeting, beware the odd headline crossing the wires and wreaking havoc with the market. Reports swarm like flies at these things, shoving microphones in front of anything remotely resembling a government official. Off the cuff comments can be...