EUR/JPY Exchange rate
Editors’ Picks
USD/JPY holds higher ground near 109.00 amid a 3% rally in S&P 500 futures
Amid a 3% rally in S&P 500 futures, USD/JPY trades with sizeable gains near 109.00. The Japanese government's move to announce a state of emergency weighs heavily on the Japanese yen.
AUD/USD extends bounce above 0.6000 amid risk-on
Having kick-started the week on the front foot, AUD/USD extends the bounce above 0.6000. The risk-on market profile combined with the oil-price recovery drives the Aussie higher. Although broad US dollar demand could keep the further upside capped.
Gold: Recovery rally looks exhausted on Hanging Man candle
Gold's weekly chart is flashing signs of bull fatigue. An inside bar occurs when prices trading within the preceding period's high and low and is indicative of bull fatigue when it appears after a notable price rise, which is the case here.
WTI downed 10% at Asia open as OPEC+ meeting pushed backed
WTI kicks-off the week sharply lower on OPEC+ meeting woes. Oil reverses 30% gains seen last week on hopes of OPEC+ output cuts. All eyes on the US and OPEC headlines amid coronavirus updates.
Gold: Recovery rally looks exhausted on Hanging Man candle
Gold's weekly chart is flashing signs of bull fatigue. An inside bar occurs when prices trading within the preceding period's high and low and is indicative of bull fatigue when it appears after a notable price rise, which is the case here.