Weekly Market Update 01/08/16-05/08/16

    Good morning, Last week the US dollar lost ground against all the currencies in the major group.  The Japanese Yen soared, not only against the Greenback, after Bank of Japan's Kuroda disappointed the financial community. It was a very volatile session last Friday night as the daily drop of UsdJpy showed a more complicated price pattern intraday, where it is possible that algo traders made the bulk of the volume.  The BoJ increased its ETF monthly purchases but kept the purchase of domestic sovereign bonds (JBG) an more ...

    Posted 31 days ago (0) comments

    USDJPY August 29, 2016

    High: 102.39 | Low: 101.84 102.21 / 102.18

    Japanese Yen had gained ground throughout 2016 with prices of USDJPY falling through the 100 figure for the first time in almost three years. The 100 figure is an area of psychological importance. Support holding so far towards 99.50. A rebound sees the USD gaining ground, with resistance expected towards the 50 day SMA at 102.50 more ...

    Posted 3 days ago (0) comments

    GBPJPY August 29, 2016

    High: 134.39 | Low: 133.61 133.88 / 133.85

    GOLD: XAUUSD August 29, 2016

    High: 1321.30 | Low: 1314.49 1319.89 / 1319.29

    EURUSD August 29, 2016

    High: 1.1208 | Low: 1.1171 1.1191 / 1.1188

    EURCHF August 22, 2016

    High: 1.0892 | Low: 1.0855 1.0884 / 1.0881

    Economic News August 31, 2016

    Good evening, Crude Oil inventories data at 2.276M of barrels decreased compared the last week, but the event was a catalyst for sellers to trigger another short term bearish wave. Crude Oil is down 1.68$ to 44.67 $/barrel (-3.62%).  Gold is managing to trade above 1,300 $/oz, but if this psychological level would be violated the commodity could slide. The shiny metal is trading at 1,311.4 $/oz (-0.41%). US indices are in negative territory and is likely to see increased volume near last Friday lows.  In the currency market Kiwi dollar and British Pound are rising against the US dollar. The Greenback is rising against the Japanese Yen. UsdJpy is trading at 103.43 (+0.47%), up 49 pips and it rose above the 55EMA. The pair it may continue its positive bullish wave that could turn from short term to medium term as investors started to be con Read More ...

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