USD/JPY Classical 09.06 USD/JPY: While the market trades below the 20-Day SMAs on a close basis, the downtrend remains intact and deeper setbacks below 83.60 can not be ruled out. A close above the 20-Day SMA will be required at a minimum to offer some form of relief to downside pressures. The market has not closed ...
Dollar Edges Lower as NFPs Solidify Investor Sentiment and Shake Out Remaining Volatility Though liquidity was winding down quickly into the close of the week, we would nevertheless see a significant shift in the traditional market gauges for risk appetite Friday. With the help of a dubious nonfarm payrolls report, risk appetite would start climbing before ...
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Japanese Yen Remains Vulnerable in Near Term Japanese Yen Remains Vulnerable in Near Term Focus remains on the all time low just below 8000 (1995 low) for the USDJPY. A multi month channel defines the near term trend but RSI divergence on the daily (multiple times over the past several months) warns of a reversal. Near ...
USD/CHF Classical 09.02 USD/CHF: Has finally managed to take out the yearly lows from January by 1.0130, with the market easily dropping below this level to 1.0065 thus far. However, any additional declines below 1.0065 are seen limited, with medium-term studies looking stretched. As such, we would be more inclined to be looking for opportunities to ...
U.S. Equities Surge By Most Since July on Manufacturing Data U.S. stocks posted their largest gain in nearly two months following strong economic reports out of China and a better-than-expected ISM manufacturing reading for the month of August. Read more on Daily FX via Yahoo! Finance ...
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