USD/JPY Collapses to a 6-month Low: Safe-Haven Assets in Demand

Markets Quite a long series of US data (including consumer confidence, house price data, durable goods orders and regional business sentiment) yesterday failed to provide any clear directional guidance for US and broader markets trading. US and German yields lost 1-2 bps across the curve. This low volatility environment initially supported a further upward drift […]

USDCAD bounces off 1.3600 and 200-day SMA Momentum oscillators suggest more gains USDCAD has been still developing within a trading range of 1.3600 and 1.3790 since April 17, with strong support at the 200-day simple moving average (SMA). The recent rebound from 1.3600 reflects the oscillators’ strengthening momentum. According to technical oscillators, the stochastic oscillator […]

EURJPY reversed from support level 165.00 Likely to rise to resistance level 168.00 EURJPY currency pair recently reversed up from the pivotal support level 165.00 (former strong resistance from March and April, which also stopped the previous correction 2 at the start of May). The support level 165.00 was strengthened by the 50% Fibonacci correction […]