USD/JPY Open 91.04 High 92.85 Low 92.05 Close 91.93On Friday Dollar/Yen made a sharp decline, in line with the Interbank sentiment at almost -50%. The currency couple depreciated from 92.85 to 91.41 on Friday, closing the week...
A wave of safe haven trading hit the broad markets on Friday and within its torrent the USD gained swiftly against the EUR and GBP. Wall Street found itself sharply lower too. Cautious trading turned into a...
A new act in the theater of the absurd for the EUR erupted on Friday when Hungarian officials publically said that they might have a difficult task meeting debt obligations. Hungary does not use the EUR but...
The Sterling found itself under the dark shadows of a EUR centric downturn on Friday. While the GBP did not lose quite the same percentage that the EUR lost to the USD, the Sterling nonetheless was under...
The JPY got stronger against the USD as risk adverse trading took hold of investors. Asian bourses traded significantly lower reflecting the declines of other international equity markets. The JPY and USD are clearly favorites among safe...
EURUSD: We discussed the EUR on Friday and mentioned that Support and Resistance traders would be looking for an opportunity to go long if there was a bounce off Support. An entry did not materialize but if...
After the index settled below the breached support for the medium term bullishness, which stopped after the 61.8% correction for the entire downside move from 14266 till 6461 held steady, where we can see a bearish pattern...
Following the U.S. Non-Farm Payrolls publication on Friday, the Dollar and the Yen resumed their bullish trend. As a result, the Euro saw a 9-year low against the Yen, as the EUR/JPY pair dropped to the 108.06...
Crude managed to achieve a sharp descend last Friday as it breached the neckline for the sugg ested previous neckline at 71.60, open trading this week on a bearish price gap.
EURUSD The pair moved to the downside,breaching the support levels for the main descending channel due to the effect of the breach of the bearish technical pattern’s neckline at 1.2140, which will cause a quick bearish trend. Some...
