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The Japanese yen, paired with the US dollar, strengthened yesterday but failed to maintain comfortable levels. The current USDJPY exchange rate stands at 149.67. Yesterday, Bloomberg reported that the Bank of Japan will likely discuss raising the price forecast for the financial year ending in March. This led to high volatility in the USDJPY pair, […]
EURUSD, “Euro vs US Dollar” EURUSD has its support level at 1.0533. Today the market is forming a growth movement to 1.0599. Upon reaching it, the market could form a link of decline to 1.0565 (with a test from above). Practically, a consolidation range might form around 1.0565. Escaping the range upwards, the price could […]
Significant improvements were seen on the macroeconomic front on Wednesday following the release of data from China. The third-quarter GDP growth came in at 4.9% on an annual basis, surpassing expectations of 4.4%. Industrial production (4.5% versus a forecast of 4.3%) and even often-underperforming retail sales (5.5% versus 4.9%) also exceeded expectations. Official unemployment in […]
Daily Trade Setups #GOLD #CRUDE #RTY To access today’s real-time actionable analysis CLICK HERE! Source: Tickmill