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Forex News

Reverses from monthly resistance trendline, midly weak above 1.0900

EUR/USD remains soft amid the Good Friday holiday in major markets. The pair’s pullback from the monthly resistance line portrays further declines. An upside break needs validation from 200-bar SMA. While taki...

USD/JPY: ?????????????? ??? 109.00
Forex News

USD/JPY reverses and tumbles more than 150 pips on Thursday, more losses ahead?

US dollar keeps falling across the board, unable to find support.  Yen up versus greenback but limited against other rivals by risk appetite.  The USD/JPY pair dramatic rally from near 101.00 could have come t...

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Forex News

EUR/USD reverses Fed’s surprise rate cut inspired rally to 1.1200

EUR/USD pares back gains as the US dollar recovers ground broadly. Fed surprised with a rate cut to zero and announced further QE. Eyes on virus updates, USD dynamics ahead of G7 and EU response. With the U...

USD/JPY sits near session tops, just below mid-108.00s
Forex News

Reverses lower from 5-day MA

USD/JPY is feeling the pull of gravity, possibly tracking losses in the US equity index futures.  The spot has breached key trendline support in favor of the bears.  USD/JPY faced rejection at the 5-day averag...

USD/JPY ????? ?????????? ???? ???? 109.50
Forex News

USD/JPY reverses course, rises to 108.00 as Asian stocks turn positive

USD/JPY recovers to 108.00 as Asian equities turn positive. BOJ’s Kuroda assured ample liquidity for markets, inviting offers for the anti-risk yen.  Sustained risk recovery looks likely with markets pric...

NZD/USD seesaws near 14-day low on the NFP day
Forex News

NZD/USD spikes to session top, reverses overnight slide to 4-month lows

NZD/USD witnessed some short-covering move on Thursday amid persistent USD selling. The ongoing slump in the US bond yields to all-time lows continued weighing on the USD. Technical buying above 0.6300 mark acc...

GBP/USD ????????? ? 4-???????? ????????
Forex News

GBP/USD plummets to 1.2920 level, reverses Tuesday’s positive move

GBP/USD failed to capitalize on the previous session’s strength to one-week tops. Fears of a no-deal Brexit continue to keep a lid on every attempted positive move. Rebounding US bond yields revived the USD dem...

USD/CAD sits near session tops, just above mid-1.3000s
Forex News

USD/CAD slides to mid-1.3200s, reverses Thursday’s positive move

USD/CAD failed to capitalize on the overnight bounce from near two-week lows. Positive oil prices underpinned the loonie and exerted some fresh bearish pressure. A modest pullback in the US bond yields further ...

USD/JPY ???????????? ?? 110.00
Forex News

Reverses lower from 109.58, focus on weekly close

USD/JPY has established another low high on the hourly chart at 109.58.   A close below the 100-week MA on Friday would confirm a bearish reversal.  The buying interest in the Japanese yen gathered traction in...