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USDJPY – US Dollar Likely Approaching Break Vs Japanese Yen

Key Points

  • The US Dollar is in a downtrend against the Japanese yen with resistance on the upside at 113.40.
  • There are two major bearish trend lines with resistance at 113.40 on the hourly chart of USDJPY.
  • In Japan today, Read More →

GBP: Recovery Temporary And Unlikely To Last; How To Trade It? – SEB

We are negative on the UK economy going forward although it did well in H2 last year. In particular household and capital spending seem vulnerable from the impact of growing political uncertainty created by the upcoming divorce from the EU. Read More →

Aussie Capital Expenditure data deals a blow to AUD

It seemed that traders hoped for more hawkishness out of yesterday’s released FOMC meeting minutes, especially given Fed Chair Yellen’s recent hawkish comments. Despite the lower enthusiasm however policymakers still made it clear that the next rate hike shall happen Read More →

AUDUSD – Aussie Dollar To Edge Higher Vs US Dollar

Key Points

  • The Aussie dollar traded with a positive bias recently and currently positioned above the 0.7660 support area against the US Dollar.
  • There is a major contracting triangle pattern with resistance at 0.7705 formed on the hourly chart of Read More →

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