Share: USD/JPY has broken above the 149 level. Economists at MUFG Bank analyze Yen’s outlook. Opposition to currency weakness remains firm We continue to see a high chance of intervention but only after a break above the 150 level when there is a higher chance of stops fuelling volatility and ‘disorderly’ price action
Written by Axel Rudolph, Senior Market Analyst at IG Recommended by IG Get Your Free Equities Forecast FTSE 100 stabilizes after slip The FTSE 100, having on Monday slipped through its 200-day simple moving average (SMA) at 7,649 on the back of global risk-off sentiment, now stabilizes above this week’s low at 7,581 as the
Chinese indexes stabilised after a 2-day decline amid fresh optimism that official measures will be able to boost the recovery. Industrial profits improved for the first time in a year and the People’s Bank of China said it would step up policy adjustment and implement monetary policy in a “precise and forceful” manner to support
Even as equities are finding a bit of a reprieve, currency traders are not really buying it. 10-year Treasury yields are down 2.7 bps on the day to 4.509% now and that is helping to give stocks a light breather. If anything, it could prove temporary and I reckon that is what is helping to
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil consolidation had continued in recent days But, retail traders are building downside exposure Is this a sign that WTI may resume higher next? Recommended by Daniel Dubrovsky How to Trade Oil Crude oil prices have been consolidating as of late, taking
Australian Dollar Vs US Dollar, Australia Monthly CPI – Talking Points: AUD held early gains after Australia monthly CPI rose last month. AUD/USD faces still resistance ahead; AUD/NZD is testing key support. What are the key levels to watch in AUD/USD and AUD/NZD? Recommended by Manish Jaradi How to Trade AUD/USD The Australian dollar held
© Reuters. The US dollar’s dominance is being threatened by an increasing shift towards yuan-based transactions between Russia and China, as per a recent academic paper co-authored by EBRD’s Chief Economist Javorcik. This development is primarily due to the aftermath of Western sanctions that have driven a commerce surge between the two nations. According to
Share: USD/JPY experiences upward support due to the US economic data. Momentum indicators suggest a predominant bullish sentiment in the market. The psychological level at 148.00 could emerge as a key support aligned with the 14-day EMA. USD/JPY hovers slightly below the high since November, trading around 149.10 psychological level during the Asian
S&P 500, SPX, NASDAQ 100, NDX, DJIA – OUTLOOK: The S&P 500 and DJIA have fallen below key support. The Nasdaq 100 index risks a bearish head & shoulders pattern. What are the outlook and the key levels to watch in the three US indices? Recommended by Manish Jaradi Improve your trading with IG Client
It’s all about what is happening in bonds right now and with Treasuries still selling off, it is keeping the dollar underpinned. 10-year yields in the US may be down slightly today but it is still early in the day and we are still seeing it keep at around 4.52% currently. That is impacting broader
