Tag Archives: USD/JPY

USD/JPY through support. EUR/NOK huge spike

EURUSD: With renewed buying ahead of the 1.2583 key support (andconfirmation point for new lows)

Euro area finance ministers will today meet at 14:30. The main topic will berecommendations to member states on fiscal and economic policy.

A day of steady gains for the JPY this morning despite the closure of Japanese markets for the Sports Day holiday.

EUR/USD has bounced back towards the alternating hourly support/resistance at $1.2716 to start the new week with

Event-full week in Australia It has been a data-full week for AUD-trading.

Markets continue to be volatile with equities weak, bond yields falling, oil off its lows and the USD gaining ground.

Today’s highlights: DXY $ Index below 86.10 can maintain a top for

EUR/USD’s bounce is losing momentum nearthe hourly resistance at 1.2816.

USD-G10 is flat in Asia with EURUSD at 1.2697, USDJPY at 107.81 and AUDUSD at 0.8766.

EURUSD: The pair initially continued up to 1.2791 before stalling andreversing the gains made.

There will be some focus on French and Italian industrial production after the Germanfigure’s weakness in August.

The recent build-up of pressure on the 21-DMA resulted in the first pop above since July but the failure to close above and