0.0 00 The USD continues to show some strength against the yen (JPY) as it is above the former resistance now support at 102.20. This happened as a hammer formed on the daily chart. See below. …
Read More »Have Investors Lost Confidence in the Indian Rupee?
0.0 00 Summary: The Indian rupee has lost almost 5 percent since May 16. The new budget did not live up to investor expectations, even though it was a good beginning. Modi must get the current …
Read More »Daily Forex Analysis: The Dollar Gains Some Ground
0.0 00 USD/JPY ($102.265) The U.S. Dollar (USD) is trying to strengthen against the yen (JPY) after falling like a stone last week. We are getting short term support near 101.80. If we see a move …
Read More »Forex Technical Analysis: EUR/USD Forms Bullish Hammer, Will it Take?
0.0 00 The Euro’s recent recovery against the greenback (USD) has seen the formation of a bullish hammer or bullish engulfing candlestick pattern on our daily chart. This means we can have more gains should we …
Read More »Yen Moves Lower Before Japan’s GDP Release
0.0 00 Friday, the Dollar (USD) pushed a bit higher against the yen (JPY). The USD/JPY closed at 102.12 and in today’s trade is fluctuating above the 20 and 50 day moving average at 102.064. Investors …
Read More »The Good, the Bad and the Ugly… Japan’s GDP
0.0 00 Summary: Japan is set to release its GDP on Wednesday and it is surely to contract sharply. In April, Japan raised its consumption tax to eight percent. First time in nearly two decades. BOJ …
Read More »Daily Forex Analysis: The Yen Sets a 3 Week High
0.0 00 USD/JPY: The U.S. Dollar (USD) is now at its lowest level in over three weeks versus the yen (JPY). This is why taking a long position has not been favorable. We are now testing …
Read More »Weekly Recap: U.S. Nonfarm Productivity Rebounds
0.0 00 Summary: Nonfarm productivity rises sharply printing at 2.5 percent for the previous quarter. Worker output falls 3.2 percent. Labor costs remain benign indicating no upward pressure on wages. At the end of last week, …
Read More »Indian market wrap: Stocks rebound as Asia gains ahead of U.S. Fed meeting
0.0 00 Indian market wrap: Stocks rebound as Asia gains ahead of U.S. Fed meeting MUMBAI (NewsRise) — Indian shares climbed to a two-week high Wednesday, following rallies in the U.S. and China, as investors braced …
Read More »Abenomics losing steam: S&P downgrades Japan ratings
0.0 00 Abenomics losing steam: S&P downgrades Japan ratings TOKYO — Standard & Poor’s lowered Japan’s credit ratings Wednesday, citing a lack of confidence in Prime Minister Shinzo Abe’s economic policies. “We believe the …
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