Weekly Market Update 24/04/16-29/04/16

    Good evening, The Japanese Yen was the worst performer against the Greenback in the major group of currencies last week. UsdJpy rose 304 pips to 111.79 (+2.72% weekly), developing a bullish short term trend as the rate rose for 2 consecutive weeks. The US dollaralso  rose against the Swiss Fran, with UsdChf up 106 pips to 0.9775 (+1.08% weekly). Oceanic currencies slid, with the Kiwi dollar that underperformed the Aussie dollar when compared against the Greenback. AudUsd lost 16 pips and closed last Friday at 0.770 more ...

    Posted 6 days ago (0) comments

    USDJPY April 26, 2016

    High: 111.24 | Low: 110.67 110.84 / 110.80

    Breaking through the 111 figure last week's Yen weakness could be reversed should the 111 resistance turned support not hold. A break below could see the 109 figure and then the 107.60 areas once again be eyed by USD bears. Should the support at 111 hold we could see increased buying of the dollar which could push prices beyond the 112 figure resistance and perhaps even as high as to test the 113.80/114 level. more ...

    Posted 4 days ago (0) comments

    AUDUSD April 26, 2016

    High: 0.7726 | Low: 0.7697 0.7716 / 0.7713

    EURGBP April 26, 2016

    High: 0.7780 | Low: 0.7750 0.7754 / 0.7751

    EURUSD April 26, 2016

    High: 1.1275 | Low: 1.1256 1.1259 / 1.1256

    UKOIL April 24, 2016

    High: 45.81 | Low: 44.23 45.09 / 45.13

    Economic News April 28, 2016

    Good evening, negative session for US indices, with Nasdaq Composite down 1.12% and the S&P500 losing 20.02 points to 2,075.13 (-0.96%).  US Gross Domestic Product rose 0.5% in the first quarter, 0.2% below the consensus. The Japanese Yen is soaring as Abenomics makes markets addicted of extra liquidity and Kuroda decision to keep policy unchanged maybe was a test to check markets reaction to unfilled expectations of massive monetization of assets. UsdJpy is trading at 107.99 (-3.09%) and GbpJpy is down 425 pips to 157.78 (-2.62%). Crude Oil is trading above 45 $/barrel, confirming its positive momentum. Now the commodity is at 45.67 $/barrel (+0.75%); Gold is trading at 1,268.9 $/oz. Tomorrow morning at 09:00 GMT Eurozone Consumer Confidence data and Unemployment Rate will be a confidence test for the ECB monetary Policies, the US se Read More ...

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