Despite persistent media fears about a trade war being the death of the global economy, spot and option trades around USD/JPY are seeing blue (or green) skis ahead. The Yen, typically a barometer of risk sentiment and seen as a bit of a haven asset, continues to weaken and fell to the lowest levels against the USD on Wednesday since early January. In alignment with a higher spot USDJPY was the US Treasury 2-year yields. The US PPI final figures showed the highest demand since 2011. ...
Ichimoku - expert for MetaTrader 5
Mt. Hood covered in a blanket of clouds
Gains in the pair stalled ahead of the 1.18 handle, while the failure to close above resistance at 1.1775, allows for the pair test lower levels at 1.17, however, the rising trendline from Jan 2017 continues to offer support. Previous resistance at 1.1720 will be the next target on the upside with 1.1755, which marks the 23.6% Fibonacci retracement of the 2018 peak - 2018 low another level of interest on the upside. In the short term, EURUSD has softened, however, on the weekly timeframe, momentum ...
CHINA'S consumer inflation rose slightly faster in June amid higher food prices. The Consumer Price Index, a main gauge of inflation, rose 1.9 percent year on year in June, faster than the 1.8 percent annual growth in May, the National Bureau of Statistics said yesterday. On a monthly basis, the CPI dipped by 0.1 percent in June, and this dip was 0.1 percentage point slower from May. Sheng Guoqing, the bureau’s ...
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