Buyers make another play but momentum needed. The USDJPY trades back above its 100 hour MA at 107.262. It is also above a swing level at the 107.22 level (see green numbered circles).
Blogs
EURUSD waffles back and forth as traders are unsure of the next run
The pair corrected to the 38.2% last week Today, the Asian and London session low could only reached 1.1126 (two lows are within 1 pip of each other). The highs for the day reached a highest hourly high bar at 1.12676. That was the swing low from last Monday (June 8th). There are three hourly […]
Dollar, yen gains ease a little on the session
EUR/USD trades flat after testing its earlier low on the day For bank trade ideas, check out eFX Plus The dollar and yen are seeing gains pare back a little on the session as we see EUR/USD and GBP/USD trade back to flat levels on the day now. EUR/USD tested its Asia Pacific low @ […]
Cable at two-week lows as dollar firms on softer risk mood
GBP/USD trades at its lowest levels since 1 June For bank trade ideas, check out eFX Plus The retracement in cable is building further as price action now falls back under 1.2500 with sellers keeping the downside momentum going amid the softer risk mood.
AUD/USD falls by 1% as risk rout gathers pace
AUD/USD is down by over 1% now to a low of 0.6790 AUD/USD is now falling to fresh lows since 2 June, back under 0.6800 and that the tug of war around the figure level will be key to watch in the session ahead.
A technical look at the major currency pairs heading into the new trading week
What are the technical's saying for the major currencies. The EURUSD extended the week's trading range in the NY afternoon (taking out the low from Tuesday at 1.12402. The break took the price to the 38.2% of the move up from the May 25 low. That level comes in at 1.12105.
Stocks rally into the close but still off highest levels
Stocks have worst week in 3 months a snapshot of the major indices at the close shows: For the week, the major indices all fell with the Dow the weakest.
CFTC commitments of traders. EUR longs at highest since May 22, 2018
Forex futures positioning data for the week ending June 9, 2020. For bank trade ideas, check out eFX Plus
Crude oil futures settle at $36.26
Down $0.08 or -0.22% The closing level from last Friday was up at $39.55. The high price was on Monday at $40.44. That took the price above the 50% retracement of the move down from the January high to the April low at $40.11. However momentum could not be sustained and the price remained below […]
AUD/JPY shorts were the best trade this week in a reversal of last week
AUD/JPY fell 4% this week The yen was the runaway top performer this week while the Australian dollar lagged. It was a classic risk-off pattern in the currency leaderboard.