Strategy
Sell 79.50 with a stop at 82.50 for 73.50
Technical View
The rally from the low of 77.88 was capped by the Fibonacci 50% correction point of the decline from 85.79 to the low of 77.88 at 82.01.… Read More
Tag: AUD/JPY
FX Commentary – US Dollar Weaker After Powell’s Comments
Market Talk
– The dollar hovered around a two-week low on Thursday morning in Asia, weighed down by the latest insistence from Federal Reserve chairman Jerome Powell that rate increases aren’t on the radar, and that the job market still had “some ground to cover” before the central bank begins to taper its assets.… Read More
FX Commentary – US Dollar Near 10-month High Against Yen
Market Talk
– The dollar began the week firmly and within a whisker of milestone peaks against the euro and yen on Monday, as U.S.… Read More
FX Commentary – US Dollar Remains Strong On Positive U.S. Economic Data, COVID-19 Vaccine Rollouts & Rising Treasury Yields
Market Talk
– The dollar was down on Friday morning in Asia but was still hovering near four-month highs as positive U.S.… Read More
FX Commentary – EUR/USD At 4-Month Low On Lockdowns
Market Talk
– The dollar was up on Thursday morning in Asia, reaching a four-month high against the euro.… Read More