“USDJPY Poised For Further Losses Following Break below 107” is locked USDJPY Poised For Further Losses

Key Level Break in USDJPY The break of the 107.29 level in USDJPY is a significant technical development which leaves the USDJPY poised for further losses over coming months. USDJPY had been trading a broad 107s to 114s range over the last year, with several tests either side of the range. This break however, marks the first set of consecutive ...

2018-03-23 James Harte Read more
BoJTapering

The US Dollar fell sharply against the Japanese Yen yesterday in response to the Bank of Japan’s announcement that it will reduce its purchase of long term bonds. The BOJ announced that it will cut it's purchases of 10 – 25 yr JGB’s to 190bln Yen and 80bln Yen respectively. The move is particularly interesting as, over recent weeks, traders have...

2018-01-17 James Harte Read more
EU Inflation

During the next few hours and days, many economic figures will be released from Europe, which traders need to watch very carefully, as it is likely to have a notable impact on the Euro. This week is the inflation week for the Euro Zone. Today, we will be watching France and Italy’s inflation figures, followed by the German inflation tomorrow an...

2017-02-28 Nour Eldeen Al-Hammoury Read more
UK PMI

The first day of the week comes with few economic releases across the board, whether in Asia, Europe, and the US. However, volatility is still on the rise as Trump took office. Yet, the US equities seem to be unhappy with the new administration, while the US Dollar kept on declining but stabilized above 100.0 barrier, which should be watched car...

2017-01-24 Nour Eldeen Al-Hammoury Read more
Euro_ECB_Draghi

Last Thursday, the ECB chairman Mario Draghi again surprised the markets with more confusion. We all know that he is one of the most surprising chairman of the ECB with his actions and remarks. Yet, Thursday’s remarks added more confusion toward the ECB's upcoming plan, leading to a notable rally in the Euro for a limited time. The currency then...

2017-07-26 Nour Eldeen Al-Hammoury Read more