Japanese Yen: USD/JPY (JPY=X) Trader Reaction to Former Tops Will Set the Tone

Japanese Yen: USD/JPY (JPY=X) Trader Reaction to Former Tops Will Set the Tone The Dollar/Yen is trading lower early Wednesday as currency investors awaited the signing of the U.S.-China trade deal with trepidation. The formal agreement is designed to draw a line under 18-months of back-and-forth tariffs that hurt global economic growth. However, to the…

United States Oil (USO) declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased

United States Oil (USO) declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased Oil prices climbed on Tuesday after five days of declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased. Brent crude…

Australian Dollar: USD/AUD (AUD=X) carving weekly opening-range just below technical resistance

Australian Dollar: USD/AUD (AUD=X) carving weekly opening-range just below technical resistance AUD/USD has continued to trade within the confines of this ascending pitchfork formation extending off the October / November lows with daily resistance eyed at the median-line / 61.8% retracement at 6927 – a topside breach / close above is needed to validate a…

Japanese Yen: USD/JPY (JPY=X) gains, yuan weakens on report tariffs on China to stay through US election

Japanese Yen: USD/JPY (JPY=X) gains, yuan weakens on report tariffs on China to stay through US election China’s yuan weakened on Tuesday and the Japanese yen reversed earlier losses after a report that the United States will keep tariffs on Chinese goods through the U.S. election hurt risk sentiment. The news came a day before…