Nikkei flat, Kospi slightly lower on the open

Source: www.forexlive.com

The Nikkei is sitting just below 10,000 and the Kospi has opened down -0.2%.


Read more...

  • USDJPY stays below a falling trend line

    USDJPY stays below a falling trend line from 94.98 to 85.92, and moved sideways in a trading range between 80.30 and 81.98 for several weeks....

  • FX speculative positioning: USD shorts on the increase

    Another reason to be very careful getting long EUR/USD, cable or AUD/USD at current levels. USD shorts are at their highest level in almost a year, although not yet at extremes. Overall JPY positioning has flipped from long to short and the big unwind in GBP short positions has gained pace. EUR,...

  • Euro zone sentix index stronger than expected

    Euro zone sentix index has come in at -27.0 in June from -34.3 in May, and better than the median forecast of -31.0. EUR/USD hasn’t garnered any real support from the data, languishing around 1.3865 at writing. Earlier a breach of the 21 dma at 1.3878 helped acclerate losses to a 1.3855...

  • USDJPY trades higher

    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...

  • Brazil Unexpectedly Slashes Interest Rates

    In an age where central bankers are attempting to increase transparency in the policy making decision process the Brazilian central bank gave a...