JPY & AUD – Uncertainty In Australia
The BoJ failed to prove that it had any bite this weekend and certainly did not come close to saying that it had the power to intervene in the JPY, which continues to prove a magnate for...
Author: bforex.com
The Picture Can Change When Price Intercepts A Moving Average Cross
EURUSD: After falling through 1.29 six days ago the EUR has failed to generate a close back above that level after several attempts. The EUR has found short term Support at the 100 day moving average as...
A Cautious And Nervous Market
The USD turned in a fairly stable day taking into consideration that Wall Street tumbled on bad data. The day was highlighted by a bad Philly Fed Manufacturing Index outcome of minus -7.7 compared to the forecasted...
USD – Weekly Unemployment Claims Today
The USD bounced back in value on Wednesday as the broad markets remained cautious particularly without much economic data on the calendar. The greenback pushed the EUR and GBP back to lower realms and is now near...
EUR – Prevailing Sentiment Will Test Ranges
The EUR lost ground to the USD as it range traded back to the lower realms of it short term value. There was no major economic data from the continent yesterday and today only the German PPI...
GBP – Plenty Of Data From The U.K. Coming
The Sterling traded lower against the USD on Wednesday. The U.K. will release Retail Sales, Preliminary Mortgage Approvals, and Public Sector Net Borrowing numbers today. The Retail Sales and Mortgage Approval figures will be watched closely.
JPY & AUD – Australian Election Has Investors Cautious
The JPY traded slightly weaker against the USD as Asian bourses gained. The move by the Yen however was not monumental and the Japanese currency continues to find plenty of safe haven backers. The AUD did lose...
Analyzing The JPY Crosses
The JPY is oft seen as the recent barometer for risk aversion. Historically speaking the Bank of Japan (BOJ) prefers a weak JPY as Japan relies heavily on exports to support their GDP growth. The BOJ is...
Commodity Currency Update
AUDUSD: The AUD is still trending up but with embedded high volatility. On its recent pullback it found support at it’s 200 day moving average which also coincided with trend line Support (see blue arrow). The 50...
A Day Of Positioning Ahead
There will be very little data released today internationally. The U.S. will bring forth Crude Oil inventories and the U.K. will be publishing its MPC Meeting Minutes. The USD traded in a rather broad range against the...