|Day's Range||116.959 - 117.386|
|52 Week Range||115.8680 - 126.8000|
The US dollar has initially pulled back during the week but then shot straight up in the air to reach towards the ¥111 level. At this point, the market looks as if it is getting a bit of her stretched, and more volatility is probably the one thing you can count on.
The Fed didn’t intervene last week to save the stock market, it moved to save the financial system. And it probably made the best move at the right time. Just look at how many markets were impacted by its move to make liquidity available.
Did you wonder what will be the cause of the next recession? As for now, that will not be a war between Iran and US and it will not be a Coronavirus.
Monday is a day off in the American markets due to the Martin Luther King’s Day. Because of the holiday, trading on other markets also promises to be muted.
Strong bullish move for EUR/JPY as it decisively breaks out to a new trend high, and clearly moves above the 34-week exponential moving average
The Fourth Quarter has started in a traditionally volatile mode. Equities are down, Government Bonds and Gold are in demand and in the Forex market it is the Japanese Yen that is benefitting the most. What does the 20-day simple moving average tell us?
Risk aversion is dominating financial markets today after disappointing data from the United States and gloomy outlook from the World Trade Organization (WTO) spooked investors and reinforced concern over decelerating global growth.
Investing.com - The safe haven yen drifted lower against the other major currencies on Monday as risk appetite improved after two days of trade talks between the U.S. and China in Washington, which were described as productive.
The Euro is holding around the 1.11 level against the US Dollar, despite the announcement that Germany’s GDP contracted by 0.1 percent in Q2, suggesting that markets had already largely priced in the gloomy economic data ahead of the release.
The volatility on the market dropped recently and the reason for that seems to be in the Jackson Hole symposium later this week.
If there was any remaining doubt, the EU economic data released Wednesday has provided even further support to the view that the ECB will need to cut interest rates to a new record-low as early as September.
Risk aversion is dominating financial markets today after the Chinese Yuan weakened beyond the psychological 7.0 level for the first time since May 2008.
Sellers have dominated EUR/USD for much of the first half of the month. The highly anticipated Fed meeting, scheduled later today, stands to change that, however, the bar has been set high.
Gold stumbled to a fresh one-week low on Tuesday as cautious optimism over global trade developments boosted risk sentiment and dampened appetite for safe-haven assets.
Gold remains one the few bright spots across financial markets today amid ongoing US-China trade tensions, Brexit drama and concerns over slowing global growth.
Can the European majors avoid a sell-off? The futures markets are pointing to a positive open, which is in stark contrast to the U.S futures…