Demand for safe haven assets decreased ahead of Friday's New York open with gold, the Swiss franc and yen are all losing ground.USD/JPY has advanced to highs at 106.50 before fading to 106.35 while USD/CHF has moved above 0.9800 and gold has retreated to below $1,513 per ounce.US equity futures...
In Asia, Japan will not release any economic data today, while the US will publish some economic data such as Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Housing Starts, and Building Permits. So there is a probability the USD/JPY pair will move with low to medium volatility...
Headline US retail sales increased 0.7% in July, above consensus forecasts of 0.3%, although there was a marginal downward revision of June's data. Underlying sales increased 1.0%, above expectations of 0.4% and the control group also posted strong growth of 1.0%.The Philadelphia Fed manufacturing...
GBP/USD
Fluctuations in the price of the British pound in recent weeks occur within the emerging bullish wave of July 30. The wave is correctional that develops in a lateral plane. In the last 3 days, quotes are clamped in a narrow corridor between the opposite zones.
Forecast:
Today, the flat mood...
In Asia, Japan will release the Revised Industrial Production m/m and the US will publish some economic data such as TIC Long-Term Purchases, Natural Gas Storage, NAHB Housing Market Index, Business Inventories m/m, Industrial Production m/m, Capacity Utilization Rate, Unemployment Claims, Prelim...
USDJPY is bouncing up intermediate support at 105.73, further rally could occur!Entry :105.73Why it's good : 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistanceTake Profit : 106.71Why it's good : Horizontal swing high resistance, 38.2% Fibonacci retracement,...
The anti-risk sentiment "rule the ball" in the financial markets again. Although Donald Trump postponed the introduction of additional duties on Chinese imports until December 15, traders' concerns about the impending global economic crisis are only growing. On the wave of general nervousness, the...
In Asia, Japan will release the Core Machinery Orders m/m and the US will publish some economic data such as Crude Oil Inventories, Mortgage Delinquencies, and Import Prices m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY'S TECHNICAL...
USDJPY is reversing off 1st resistance at 106.71, further drop could occur! Entry :106.71Why it's good : 38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistanceTake Profit : 105.08Why it's good : Horizontal swing low supportThe material has been provided by...
