The USD/JPY was another interesting pair The USD/JPY was another interesting pair Monday, as the Yen strengthened on safe haven buying. Still, the pair found support as it reached the 122.00 level, bouncing higher from there. Over the past month we’ve seen a good bit of daily volatility from this pair, but it remains trapped in a range from 122.00 at the bottom to 124.00 at the top. With the bounce off the 122.00 support level yesterday it is likely we will see the pair ...
The USD/CAD pair has formed an uprising triangle which is seemed as a corrective pattern. The pair was going up for a while and has reached an area around 1.28. While this is still just a correction move, but as soon as that phase is over, it could break the above mentioned 1.28 level. This idea is based on the fact that the pair has not broken through its 200 days moving average, which usually gives clues about the long term trends. The 200 days MA is seen at 1.1957 and as long as the pair stays ...
EU Blinked, Greece Has To Commit To Reforms Equities in Europe soared yesterday. Germany reported that it will be satisfied if Greece decides to perform at least one economic reform, in order to receive promised financial aid. Analysts said that the EU blinked first and that it is committed to keeping Greece in the EU. Such message had a very positive outcome for stocks in Europe as well as for those in the States. For example, a major German index- the Dax- has skyrocketed by 2%. EUR/USD ...
The Japanese Yen suffered another heavy punch The Japanese Yen suffered another heavy punch. Bank of Japan’s governor, Kuroda, has announced that the yen will most likely not fall any lower. That announcement has triggered a massive selloff of long positions which were held against the yen. This resulted in USD/JPY plummeting by 200. He also said that QE in Japan will continue until the inflation hits 2%.
The United States Dollar (USD) beat all currencies The United States Dollar (USD) beat all except one of the world’s major currencies. The Australian Dollar (AUD) dropped by 0.78% and its eastern neighbor, the Japanese Yen (JPY), fell by exactly one percent. Over in Europe, the British Pound (GBP) shed 0.61% and the European Euro did worse than that, as it lost 1.12%. The Canadian Dollar (CAD) emerged victorious, gaining 0.51%.
Oil plunged to a $58.18, after it shed 1.91% Oil (light crude) plunged to a $58.18, after it shed 1.91%. It seemed like the oil will make a base camp at $60, but it has to climb back up first. Gold went up by 0.47% and sits at $1,173 now. Platinum gained 0.84% and is just above $1,100. European Stock Markets Markets in Europe did terribly. French CAC 40 plunged by 1.28%, German DAX shed 1.18% and England’s FTSE 100 went down by 0.21%.
United States Dollar had a very strong day United States Dollar (USD) had a very strong day, as it gained against all of the major currencies around the globe. The Australian Dollar (AUD) went down by 0.66% and the other dollar, Canadian (CAD), mirrored this loss, as it shed 0.68%. The Japanese Jen (JPY) joined the party, as it dropped by 0.67%. Back in Europe, the losses were bigger, as the British Pound (GBP) tumbled by 1.37%. The European Euro (EUR) did better, as it lost 0.20%.
Markets in Europe finished mixed Markets in Europe finished mixed. Germany is down, while England surged. The DAX lost 0.48% while the FTSE 100 added 1.57% to its value. French CAC 40 was even at +0.09%.
European currency. Starting out west Not a whole lot of changes happened in the forex world today. Most of the major currencies went up against United States Dollar (USD), except one European currency. Starting out west, Canadian Dollar (CAD) squeezed out a gain of 0.12%. Moving east, British Pound (GBP) went up by 0.56% while European Euro (EUR) shed 0.28%. Japanese Yen stayed even today, as it got up by 0.02%. And way out east, Australian Dollar (AUD) added 0.30% to its value.
USD once again dominated the forex scene on St. Patrick’s day United States Dollar (USD) once again dominated the forex scene on St. Patrick’s day. Japanese Yen (JPY) and Australian Dollar (AUD) both dropped by the same amount, as they are even at -0.05. Currencies in Europe shed more than half a percent each, as European Euro (EUR) plunged by 0.70% and British Pound (GBP) went down by 0.56%. Canadian Dollar (CAD) is slightly negative, as it gave away 0.08% of its value.