It is time to buy the JPY, as AUS200 faces resistance
Strengthening of the Japanese Yen was interrupted because suddenly the USD collected momentum and started the week off on a high.
Tired of waiting for Trump investors sell off the Dollar, as the RBNZ stands pat on policy. There are unexpected threats that pose risks to the financial stability of the Eurozone. Will the union stay strong after the polls in the main countries?
Uncertainty about European politics has boosted gold in recent sessions as well as given GBP/JPY a good platform.
The Dollar creeps up with caution, as oil extend declines on US inventories report.
Dollar tumbled before the FED on Trump rhetoric, Oil plunges on API report.
Bank of Japan leaves key rates unchanged, Trump fires acting AG on disobedience.
Dollar is in a selloff ahead the FED, Yen surges as BoJ announce its policy stance.
Today we have an overview of three major currencies USD/JPY, EUR/GBP and EUR/USD.
Important events that will change the market in the next week.
The US currency floats near the buffer area before Trumps updates. In the meantime, Oil turns downside on the gloomy API report.
Dollar bears retreat on profit taking, as the currency index has dipped below 100 level with the support of Asian traders on Tuesday.
Caution reigns over the markets, as Trump is about to start ruling the country, European shares plunge.
The Dollar is leading again with the USD/JPY going through a bullish engulfing at the 50% Fibonacci level.
See how the market changes and shifts with these economic events. Don’t miss out!