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Nikkei shrugs stronger GDP reading, USD consolidates after last week’s weekly loss

Data as the week’s trading kicks off, included Japanese GDP and the preliminary figure for Q2 showed an impressive 4% compared to previous of 1.5% and expected of 2.5%. China as well reported a number of data, amongst which we Read More →

EURJPY – Euro Looks Set To Test 130.00 Vs Japanese Yen

Key Points

  • The Euro after trading as low as 128.05 against the Japanese Yen started recovering higher.
  • There was a break above a major bearish trend line with resistance near 128.60 on the hourly chart of the EURJPY pair.
  • Recently Read More →

Week Ahead: Focus On Minutes Of RBA, ECB, FOMC & UK Data Releases

Credit Agricole CIB FX Strategy Research notes that central banks minutes and data releases will likely provide welcome distractions from geopolitics in the coming week and could allow sentiment to stabilize.

"The FOMC Minutes could provide greater Read More →

EUR/USD: To Top-Out Into Jackson Hole; Where To Target? – Danske

Danske FX Strategy Research expects the recent sharp move higher in EUR/USD to fade heading into the Jackson Hole conference 24-26 August and the ECB meeting on 7 September.

"We believe the ECB president Mario Draghi will be cautious Read More →