USDJPY stays in a falling price channel on daily chart and remains in downtrend from 93.75. One more fall towards 88.50 area ...
USDJPY stays in a falling price channel
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FOREX-Dlr near lows, Aussie hits 15-mth high after data
TOKYO, Nov 12 (Reuters) - The dollar was on slippery ground on Thursday after the Australian dollar jumped to a 15-month high on strong jobs data that boosted expectations of an interest rate hike next month. The Aussie was also buoyed by firm commodity prices like gold, which hit a record high...
Fed’s Yellen: Unconventional Fed policies bring unintended risks
San Francisco Fed president Janet Yellen says that the recent rise in Treasury yields is disconcerting if they reflect inflation fears. She also says monetary policy can play a role in popping asset bubbles. Yellen is usually thought of a an inflation dove but today she sounds relatively middle of...
NAHB- Housing market at or near bottom
The head of the national Association of Realtors says the US housing market is at or near a bottom. Now, he has a vested interest in talking his book, but recent indicators tend to back him up. let’s hope mortgage rates do not soar to the point where the housing recovery is choked...
GBPUSD rebounded from 1.5839
Being supported by the rising trend line from 1.5296 to 1.5649, GBPUSD rebounded from 1.5839. Now the bounce from 1.5839 is likely resumption...
EURUSD’s downward movement extends to 1.2885
EURUSD’s downward movement extends to as low as 1.2885 level. Deeper decline is still possible later today and next target would be at...