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USDJPY at Weekly Lows, U.S. Consumer Price Index in Focus

USDJPY at Weekly Lows, U.S. Consumer Price Index in Focus

USDJPY is under selling pressure today after news that President Trump was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees again to four or five "major points" that Trump did not specify. The USD price dynamics will continue to drive the [...]
USDCAD Trades Higher but Mood is still Bearish

USDCAD Trades Higher, Mood still Bearish

USDCAD started the daily higher adding 20 pips to 1.3283 as the recent retreat in crude oil prices Canada’s main export item seems to have added further weakness in the Canadian Dollar (CAD). The loonie boosted previous week by increased speculation about interest rates cut from FED. Meanwhile President Trump [...]
EURUSD: Another Leg Higher?

EURUSD: Another Leg Higher?

Euro started the day strong at 1.339 approaching the monthly high at 1.1347 from Friday. Fed funds futures are currently pricing in three rate cuts for 2019. I believe that the longer the trade war goes on, and tariffs are in place against China, the more likely is that the [...]
Nikkei Trades Flat, Positive Momentum Holds

Nikkei Trades Flat, Positive Momentum Holds

The Japanese Nikkei 225 benchmark pause today the rally which started June 3 and after six positive sessions in a row. Nikkei 225 finished 0.06 percent lower at 21,176 after news that President Trump was holding up a trade deal with China and had no interest in moving ahead unless [...]
Ethereum Looking for a Break Above 254

Ethereum Looking for a Break Above 254

ETH has lost the strong momentum that started earlier April and consolidates around 250 zone.  The second largest cryptocurrency by capitalization managed to recover from the low at 225 on June 9th and breached the 50 and 100 hour moving averages giving the bulls the upper hand at least for [...]
Dow Ends Flat, Holds the Positive Momentum

Dow Ends Flat, Holds the Positive Momentum

Dow Jones closed slightly lower as President Trump said he would impose more tariffs on Chinese imports if there was no progress in talks with Chinese President Xi Jinping at the G20 summit that is scheduled for the end of month. Earlier today the U.S. Bureau of Labor Statistics reported [...]
Gold Finds Support at the 200 Hour MA and Rebounds

Gold Finds Support at the 200 Hour MA and Rebounds

Gold manages to close higher today after a volatile session at $1,328. The precious metal, spend the first half of the day in negative territory hitting the low at 1319.81 a fresh one-week lows. Investors were dumping safe heaven asset as the sentiment improves across global markets. The U.S. Bureau [...]
GBPUSD: Trapped in 60 Pips

GBPUSD: Trapped in a 60 Pips Range

Pound is trading 0.15 percent higher today at 1.2707 after the latest UK employment report showed that headline wages ticked up to 3.1% for the three months to April, while the ex-bonus measure - at 3.4% 3m/y, was also stronger than analyst’s estimates.  The UK economy contracted 0.4% in April, [...]
AUDUSD: Business Confidence Index Failed to Attract Bids

AUDUSD: Business Confidence Index Failed to Attract Bids

Aussie trading at daily low during the European trading at 0.6950, as President Donald Trump threatened to impose another round of tariffs on Chinese goods if he does not reach a deal with his Chinese counterpart at the G-20 summit later this month. The business confidence index in Australia rose [...]
Crude oil: Is relief Rally Over?

Crude oil: Is Relief Rally Over?

Crude oil trades lower today giving up about one dollar to 53,57 as the price retreats for recent high. The recent positive developments in the USA – Mexico conflict boosted a relief rally to oil benchmarks around the globe.  The outlook for the crude oil market has darkened as IEA [...]