USDJPY has overcome the offers at 97.50-60 to take out small stops above 97.60. Its still looking bid after the morning market seems to have got itself short trying to trigger sub 97.00 stops. Look for an attempt at 98.00 going into Europe.
USDJPY trades higher
Source: www.forexlive.com
Read more...
FX market in choppy consolidation
The USD is maintaining its gains from Friday night and it seems to have the momentum on its side at the moment. We may have to wait for Europe to come in before we see any major moves as Asia is doing it’s usual consolidation. The most likely big move would be if USD/JPY can break...
Do you really need the Forex Income Engine 2.0? (video)
This is just a courtesy notice to remind you to check out Bill Poulos’s brand new, complimentary “Flexible Forex” training videos… -they reveal how he and a small group of his students have been enjoying all the recent volatility in the Forex markets caused by otherwise...
Stocks come unglued down the stretch
With just minutes to go, US equities have given up a huge chunk of their gains. Shares sit at 944, the former high for the S&P and an important technical point on the close. EUR/USD has pulled back with...
EURUSD’s downward move extended to 1.3574
EURUSD’s downward move from 1.4281 extended to as low as 1.3574 level. As long as 1.3825 key resistance holds, the bounce from 1.3574...
Fed’s Bullard ‘cautiously optimistic’ on H2 growth
Spreads are coming back toward normal but are not yet at pre-crisis levels, St Louis Fed president Bullard says. High long-bond yields are both a reflection of inflation fears and optimism on the economy, he says. The risks of a Japanese-style deflation trap are receding, he says. The Fed is...