Japanese Yen and US Dollar safe haven bid

Intermediate
  • Dollar Index attempts to break up (DXY)
  • Euro aims lower, targets 1.0970 (EURUSD
  • Dollar Yen extends losses (USDJPY)

Editor

Winner of the Technical Analysis Book of the Year 2014, Mapping Your Voyage of Discovery, Shaun Downey is a veteran of the markets and a globally recognized name in the world of Technical Analysis....continued

Comment on this video

Your email address will not be published. Required fields are marked *


Latest Related News

“Risk on” resumes! Data wins over virus concerns

Macroeconomic/ geopolitical developments Global financial markets have started to resolve the indecisive theme that has been evident from the middle of June into more of a “risk on” bias to start July.Markets have been caught between two competing forces; increasingly positive economic data compared to consensus and the rise in COVID-19 cases (particularly in the southern states of the US, but also in pockets globally).The… Continued

Euro still exposed to renewed weakness – EURUSD forecast

The Euro versus US Dollar forex rate, EURUSD has been in an  erratic, but we would argue still negative consolidation range since our last report.This leaves the threat for further EURUSD losses into today, this week and early July. EURUSD day trade outlook: Further consolidation, bias stays lower to key 1.1166 Day trade update and view Again, an erratic consolidation Wednesday with a prod below 1.1189… Continued

Euro, Pound and Australian Dollar supports under threat

Euro-Dollar fails at first resistance - EURUSD forecastPound threatens to break down once more - GBPUSD forecastMajor support on Aussie evaporates - AUDUSD forecast Continued

Is the bear market rally top in? US COVID-19 cases weigh on stocks

Macroeconomic/ geopolitical developments Global financial markets continued the indecisive tone seen through mid-June into the end of the month, which has been in relation to competing forces; positive economic data/ strong retail demand/ support from the authorities on the one hand and the rise in COVID-19 cases on the other.The strong rally from mid-May into the first half of June, was driven to some extent… Continued

Euro looks very vulnerable again (EURUSD Forecast)

EURUSD day trade outlook: A roll back lower, still negative Day trade update and view A Thursday probe lower below 1.1231 to reinforce Wednesday's roll back lower, to reject the Tuesday's rebound that was capped by the solid 1.1353/79 resistance barriers. Whilst below 1.1281/85 we see negative pressures from the mid-June push below the 1.1211 swing low and 1.1193/82 support area for a topping pattern, to keep the risk lower into Friday.  Day… Continued

Forex Brokers in your location