Blogs

The EUR/JPY begins Friday’s Asian session almost flat after plunging sharply on Thursday, following perceived hawkish remarks by the Bank of Japan (BoJ) Governor Kazuo Ueda.

The USD/JPY plunged over 4% on Thursday, briefly declining below 142.00 before broader markets staged a moderate rebound, pulling the Japanese Yen (JPY) back into reasonable gain territory.

On Thursday, the AUD/JPY plummeted more than 1.30%, shifting bearish, after finally breaching the top of the Ichimoku Cloud, signaling the downtrend is gathering pace.

The US Dollar (USD) has been navigating turbulent waters, trading at 103.30, with significant losses registered below the 20-day Simple Moving Average (SMA).

In Thursday's session, the NZD/JPY pair is trading bearish at around 88.90 after hitting a low of around 87.70.

New Zealand Manufacturing Sales dipped from previous 2.9% to -2.7% in 3Q

The Canadian Dollar (CAD) continues to pare back recent gains, shedding weight or flattening against all of its major currency peers, save for the Swiss Franc (CHF), which takes pride of place as the market’s biggest loser on Thursday.

The EUR/GBP has been trading in a tight range through the week just above 0.8550 after a step decline in recent weeks dragged the Euro (EUR) down two and a third percent against the Pound Sterling (GBP), driven lower by weakening economic data from the Eurozone and a dovish European Central Bank (ECB) grappling with […]

The Dow Jones Industrial Average (DJIA) looks like it might end its five-week streak of gains this week as the index drifted lower during the first three sessions this week.