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EURJPY is currently trading between the two EMAs in which the 9 period EMA is above the 21 period EMA which implies that the bears’ momentum is increasing. The inability to break down the demand level of $120 by the bears may lead to the bouncing of the price and bullish trend may continue. In...

EURJPY is bearish on the long-term outlook. The currency pair was under the bullish pressure for more than two weeks. The bullish momentum pushed up the price and the supply levels of $$121, $122, and $123 were penetrated to the upside. An evening Doji candle pattern was formed at the supply...

The inability to break down the demand level of $120 by the bears may lead to the bouncing of the price and bullish trend may continue. In case the bears exert more pressure, the demand level of $120 may not hold and the price will be exposed to $119 – $123. EURJPY Market Key Levels: Supply...

The USDCAD has reached the lowest level since early March. In the process, the pair has reached the upper end of and old ceiling that contained the pair from August 2009 until the end of February/early March 2020. That area on the daily chart comes in between 1.3320 at 1.33817. The low price...

The yen is the weakest performing major currency today as we see it retrace gains on the week, with USD/JPY looking poised to snap a four-day decline ahead of the weekend. This comes amid the backdrop of a pullback in stocks after the sharp losses yesterday, with the risk-on vibes also helping...

At the time of writing, AUD/JPY is trading at 73.25 within a 73.23 and 75.00 range losing over 25 on the day on a risk-off market. Volatility has spiked following the Federal Reserve with the VIX printing higher and breaking out of a bearish/sideways trend for the month so far. The stock...

Elsewhere, China again teases US President Trump and got a hit from Aussie PM while using coercion to stop an investigation into the virus outbreak. Further, Australia’s June month Consumer Inflation Expectations also weakened from 4.2% forecast to 3.3%. Against this backdrop, Wall Street had...

AUD/USD takes rounds to 0.6850, up from the recently flashed multi-day low of 0.6839, at the start of Friday’s Asian session. The quote became the bears’ favorite on Thursday amid a broad risk-off sentiment. The move down was likely clues from the US Federal Reserve’s hints pouring cold water on...

USD/CAD is rising to 1.3475, up 0.47% on a day, ahead of the European session on Thursday. The pair Loonie pair’s run-up takes clues from its ability to cross a falling trend line from June 06. Also favoring the buyers could be the bullish MACD conditions. Against this backdrop, the quote...

The CHF and the JPY are the strongest of the major currencies as investors rush into the "relative safety" of those currencies after the more sobering accessment from the Fed yesterday. The AUD and NZD are the weakest as risk off flows send those currencies lower. The USD was the weakest of the...

US Initial Jobless Claims are like to post another 1.8 million Americans heading to the jobless queue today. Ghoulishly, that number too, will be an improvement on the week before. The ADP (NASDAQ:ADP) data hints that tomorrows US Nonfarm Payrolls data will be better than the expected fall of 8...

Asia Session: The 'Buy Everything' Rally Powers On; Dollar Slump Continues Asia Session: The 'Buy Everything' Rally Powers On; Dollar Slump Continues MarketPulse | Jun 04, 2020 01:13AM ET Be the first to comment The overnight price action on Wall Street was very much a re-run of the day...

Asia Session: The 'Buy Everything' Rally Powers On; Dollar Slump Continues Asia Session: The 'Buy Everything' Rally Powers On; Dollar Slump Continues MarketPulse | Jun 04, 2020 01:13AM ET Be the first to comment The overnight price action on Wall Street was very much a re-run of the day...

USD/JPY pulled back post FOMC, but with further improvements expected in U.S. data, the losses should be limited. Can risk trades carry on? Based on today’s FOMC, the answer is yes, but the overextended moves in currency pairs, such as EUR/USD, AUD/USD, NZD/USD and USD/CAD begs for a...

The next few months will be “important in judging the real story,” but it's clear from the Fed’s economic projections and Powell’s cautiously optimistic tone that the central bank’s work has gone from preventing a depression to encouraging a recovery, which is good news for the U.S. economy...

The need for accommodative policy was made clear in the Fed’s view that the virus poses considerable risks and, in Fed Chairman Jerome Powell’s comment today, the central bank is not even thinking about raising interest rates. The May jobs report was good, but the BLS jobless rate likely...

U.S. Dollar Falls to Multi-Month Lows as Fed Signals No Hikes Through 2022 U.S. Dollar Falls to Multi-Month Lows as Fed Signals No Hikes Through 2022 Kathy Lien | Jun 10, 2020 05:15PM ET Be the first to comment Investors drove U.S. dollars to fresh lows after the Federal Reserve made it...

May. The central bank remains committed to doing more if needed but today’s actions were not only bigger than expected, but laced with optimism. EUR/USD hit 1.13 in the hours that followed with the March high just underneath 1.15 the next major resistanc

Euro rallied as investors were impressed by the central bank’s willingness to front-load stimulus. While the central bank did not lower interest rates and has been resistant to negative rates, they’ve been aggressive with bond buying. The ECB lowered their economic projections, but their...