Everything points to fall of USD/JPY
The formation of the descending triangle pattern indicates further falling of USD/JPY!
Tag - usd
October 16: things to trade on
It's the final day of the trading week, but there are still plenty of opportunities. Watch the video to get trade ideas for EUR/GBP, USD/JPY, gold, oil and other assets!
EUR/USD to Face Critical Support at 1.1685
Looking ahead, highlights from macroeconomic calendar include Eurozone CPI US Retail Sales and University of Michigan, European Council Summit and Fed’s Williams speech.
USD is the Strongest and the AUD is the Weakest Today
The number of Americans applying for initial unemployment benefits unexpectedly increased to 898,000 last week, its highest since late August, compounding fears that the recovery in the labor market is stalling
Chinese yuan dropped after dire inflation data
USD/CNH has been steadily dipping, but downbeat China’s PPI and CPI limit the further falling.
European Equities Open Lower
Treasury Secretary Mnuchin, after speaking with House Speaker Pelosi, said stimulus talks are still far apart and it is difficult to get anything done before the election but will keep trying.
October 15: More falls for the AUD ahead?
The Australian dollar is falling on the dovish remarks by the RBA Governor Lowe…
Japanese Yen Moves Lower
US futures fell early in pre-US market open trading as investors' hopes that earnings season would provide some upward impetus waned.
NZD/USD: triangle forming
There are higher lows and untouched resistance with this currency pair since the previous week - what does it suggest?
Brexit Risks in Focus
Investors are watching tensions between the European Union and Britain after the EU demanded "substantive" movement on Tuesday on fisheries, dispute settlement and guarantees of fair competition in their talks on a post-Brexit trade deal.
October 14: US stimulus, Brexit stalled... any breakthroughs?
Key levels for gold, oil, EUR/USD, GBP/USD, and other currency pairs!
US Stocks Open Mixed
US stocks are seen opening mixed Tuesday, with the tech sector outperforming ahead of important news from Apple and Amazon, while investors also wait for earnings from the key banking sector.
