Key Points

• The Euro recently started correction against the US Dollar, but likely to face sellers near 1.0465 and 1.0500.
• There are many resistance levels and trend lines on the weekly chart of EURUSD, waiting to act as a hurdle Read More →

Another place where equities help is with yen weakness. As Japan market activity returns to normal, the Nikkei is moving higher. Higher equity prices equal a weaker yen and even if the causality is firmly from FX to equities the Read More →

The US Dollar re-tested its end of year highs yesterday with the US Dollar Index (DXY), an index which measures the value of the USD against a basket of foreign currencies, reaching out to session highs of 103.82 – the Read More →

Key Points

• The British Pound recently traded lower towards 143.50 vs the Japanese yen where it found support.
• The GBPJPY pair is currently trading higher, and following a couple of bullish trend lines formed on the hourly chart.
• In the Read More →