Japanese Yen: USD/JPY (JPY=X) Extra Gains Appear Unlikely

Japanese Yen: USD/JPY (JPY=X) Extra Gains Appear Unlikely 24-hour view: “USD traded sideways between 110.35 and 110.78 last Friday, slightly narrower than our expected 110.30/110.80 consolidation range. The outlook remains mixed and further sideway trading seems likely. That said, the underlying tone has weakened somewhat and this could lead to a lower trading range of 110.20/110.70”.…

Trade War Latest Update

Trade War Latest Update China stays committed to continuously and proactively expanding opening up so as to better cope with unilateralism and protectionism, Premier Li Keqiang said here on Monday. Li, who is in Germany for a three-day official visit, made the remarks at an innovation-themed forum, which is also attended by his German counterpart,…

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.7 and bounced. The 34 days MA near 94.3 is next resistance. But, my preference is a move South to 93.44 in here. EUR (Euro) at 1.1752 at rose to 1.179 Monday but faded to 1.175. There is support at 1.173-1.174, after test there the…

British Pound: USD/GBP (GBP=X) recovers above mid-1.32s as confidence vote fears ease

British Pound: USD/GBP (GBP=X) recovers above mid-1.32s as confidence vote fears ease The GBP/USD pair fluctuated wildly on Monday as investors continued to react to political developments in the U.K. After advancing to its highest level since June 14 at 1.3360, the pair came under a heavy selling pressure after British PM Theresa May’s office confirmed the…