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Near-term Setups in EUR/USD and AUD/JPY

Update on trade setup we’ve been tracking in EUR/USD and AUD/JPY Join Michael for Live Weekly Strategy Webinars on Mondays on DailyFX at 12:30GMT (8:30ET) Check out our 2018 projections in our Free DailyFX Trading Forecasts New to Forex? Get started with our Beginners Trading Guide! EUR/USD 240min Price Chart Earlier this month we highlighted […]

USDJPY Bounces From Support, Further Gains Possible

USDJPY price, charts and analysis: USDJPY has bounced again from support at a rising trendline and the 50-day moving average. That suggests it could now rally back to its recent highs. The pair’s technical strength has fundamental backing too, with the Bank of Japan clearly in no rush to tighten monetary policy. Our trading forecasts […]

Dow Pulls Back From Fresh Highs Ahead of FOMC

Talking Points: — US equities are pulling back to varying degrees, with the Nasdaq pulling back from last Wednesday’s highs while the S&P 500 and the Dow Jones Industrial Average are retracing from Friday’s high. Tomorrow brings an FOMC rate decision in which the bank is expected to lay the groundwork for another two hikes […]

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