The yen rose further across the board during the American session as stocks fell sharply in Wall Street and amid a decline in US government bond yields. USD/JPY hit a fresh low at 108.88 and remains under pressure near the lows.
Michael Rosecliff commented Malaysian shot down in Ukraine: "Plane that went missing was same one shot down over Ukraine." Rosecliff says that Looking Glass sees 14 month windows of continued dollar strength and program spit out a 28K Dow Target.
Overnight, the USD/JPY pair finally entered the key 110.00-110.65 technical area (see monthly chart in figure 1). The lower end of this range, i.e. 110, is a key psychological barrier while the 110.65...
Traders are largely looking past the US ecnomic data and focusing a whole host of concerns. Safe haven flows are once again sloshing money out of equities and into the relative safety of US and German bond markets.
The US ISM manufacturing report declined more than expected to 56.6 (consensus: 58.5) from 59.0 in August. The details were also on the soft side. ISM reached very high levels over the summer and it is only natural that we see some moderation...
Gonçalo Moreira -The USDCAD climbed to a new recent high of 1.12 can reach levels around 1.1250-1.1300 projected zone in days ahead.
USDCAD Makes Higher Highs: Elliott Wave Forecast by Gregor Horvat
A ForexTrading.TV Technical Analysis Video Alert for EURJPY
The levels reached by the manufacturing ISM during the summer were very difficult to explain, inconsistent with regional...
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