EUR/ JPY ANALYSIS EUR/JPY consolidated after the preliminary Eurozone PMI data showed mixed results. The euro found some stability as the manufacturing retail sales managers’ index data came in stronger than expected, but further gains were capped...
Market Fundamentals: The pair remains under pressure as a combination of fundamental factors influences market sentiment. A decline in US Treasury bond yields continues to support the lower-yielding, despite dovish remarks from Bank board member...
A few USD/JPY reports a strong recovery and climbs almost 150 points from the level of 149.30-149.25, the lowest since 3 December. The jump comes when Japanese only weakens after the comments of Japan Bank of Japan (fight) Kazuo Ueda, who, which,...
The crude oil market, as represented by the CL_H1 chart, is currently exhibiting a period of consolidation following a prolonged downtrend. The price is trading around 71.68, facing resistance near 72.09 and support closer to 70.40. This...
USDCAD Daily Time Chart Analysis (updated) The USD/CAD pair reached a two-month low, finding support at 1.4150. The pair is under pressure after a breakout of the ascending channel and a bearish crossover between the 20-day and 50-day simple moving...
