GBP/JPY survived Friday’s NFP number with a spike higher on the data release, and then a slow fade lower. Not a very [...]
The Next Big Move in GBP/JPY
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Dead cat bounce on the EUR/USD
The low from Friday was 1.3934 and we are only 15 pips above there presently. With a 5 wave up-move from 1.2870 to 1.4340 now complete, it’s certainly possible that a short-term top is in place and that we are in retracement mode. The 38.2% of that up-move is at 1.3780. (Technicals to...
Levels to watch in EUR/USD
As I indicated in yesterday’s wrap-up, I’m not entirely sure whether the market would greet an upbeat US employment report by adding to the reflation trade (and selling the dollar) or take the data at face value and buying it. Best be prepared for any scenario by looking at important...
Denmarks Nationalbank Cuts Rate Further 10bps to 0.7%
The Danmarks Nationalbank cut its key lending rate by 10 basis points to 0.70% from 0.80% and reduced the current account rate 5bps...
Canadian Inflation Higher than Market Forecasts
Source: ForexYard Reports out this afternoon on the Canadian consumer price index (CPI) revealed an economy which may be experiencing a modest...
UK April house prices rose +1.1%
The Department for Communities and Local Government reports that UK house prices rose +1.1% in April, fell -13.0% y/y. The annual decline is down from the 13.6% seen in March. The average house price in the UK is now...