Blogs

FX Update – April 13 – Low Volume Markets

Forex

<p>The Dollar has ebbed and then recovered in holiday-thinned conditions. The narrow trade-weighted <strong>USDIndex</strong> edged out a two-week low at 99.14 before recouping back above 99.50. <strong>EURUSD</strong> concurrently saw an eleven-day high at <span><strong>1.0968</strong></span> b

Yen strengthened after downturn in Nikkei

Forex

<p>The Asian market opened slightly lower with JPN225 Futures trading negative, down to 19,074 points (after opening high at 19,730 points).</p> <p>This indirectly caused the Yen (JPY) to strengthen against other currencies. The USDPJPY is currently at 107.74 against the highest early morning price of 108.52. Decrease by 78 pips.

Technical Analysis for GBPUSD

Forex

<p><em>The chaos of the 2008 crisis, that began with the fall of Lehman Brothers, is similar to the current pandemic crisis. Many financial market traders who still have strong memories of unprecedented trading losses in one day and this tide of uncertainty are pushing for a flight to  safety.</em></p> <p>Although the

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