USDJPY in retreat again as rally fades

A strong rally from 1.0828 lows yesterday has run into fresh supply 30 Aug I highlighted decent (bolded) offers/resistance between 110.20-25 in the order board earlier and that follows no from some bolded interest around yesterday’s lows at 108.30 Well, we’ve topped at 110.17 and now down to 109.88, albeit with dip demand nearby and more […]

More from the order boards 30 Aug

Here’s the latest on other key pairs 30 Aug Note: Offers = Sellers at these levels. Bids = Buyers at these levels. USDCHF: 0.9556 from session highs of 0.9572. Yesterday here I highlighted demand into 0.9400 and then posted about 0.9430 support lines. I hope some of you took note. Support lines now developing between 0.9520-40 Offers: […]

Aussie leads the way so far today

JPY the laggard among the major blocThe AUD is sure one stubborn currency. Just 24 hours ago you wouldn’t have imagined the commodity currency to be where it is now. But here we are.The aussie strength today has stemmed mostly from better economic data as building approvals and construction data pulled up some positive surprises.Meanwhile, […]

EUR/USD : L’Euro perd plus de 100 pips depuis ses sommets d’hier, la correction va-t-elle se poursuivre avec le calendrier US chargé d’aujourd’hui?

La paire EUR/USD a très fortement accentué sa progression hier, passant au-dessus de la résistance psychologique des 1.20, avec un sommet sur les 1.2070. Après avoir déjà nettement progressé vendredi dernier, face aux discours de Mario Draghi et Janet Yellen, la paire subit depuis lundi l’impact résiduel de ces événements, face à un calendrier par […]

Trading plan for 30/08/2017

Trading plan for 30/08/2017: The volatility of the major currencies against the US Dollar is minimal except for the gaining Australian Dollar. EUR/USD after yesterday’s rally over the level of 1.2050, has spent today’s Asian session in 20 pips range around 1.1975.Sentiment on the stock markets has improved, but the energy markets are suffering chaos […]