|Day's Range||128.42 - 128.678|
|52 Week Range||125.080 - 137.229|
With Italy frequently dominating the headlines in the recent weeks, it’s a good idea to take a macro look at the Eurozone: its origins, some aspects of its structure, and what dangers it might face in the near future.
European markets were up on stronger than expected earnings. The US equities market was indicated to open higher on Thursday morning.
In order to understand the risks presented by the Italian economy, it is important to recognize why the situation in 2018 is so familiar to what we witnessed in 2011. Can Italy be the next Greece?
Repeated bounce off the two-month old ascending trend-line portrays the USDJPY’s strength but the pair needs to surpass 112.80-85 resistance-region in order to justify its capacity to conquer the 113.30 and the 113.55-60 levels to north. It should also be noted that the pair’s successful trading beyond 113.60 can escalate its recovery towards 114.05-10 and to the 114.55. Alternatively, pair’s dip below 112.00 support-line could take rest on 111.65-60, breaking which 111.00 & 110.70-65 may gain market attention. In case if sellers refrain to respect the 110. ...
Italy’s quarrel with the European Union is eroding faith in European assets, says Alessio de Longis, a portfolio manager at OppenheimerFunds.
Investing.com - The dollar rose to nine-week highs against a currency basket on Wednesday as the euro slumped on disappointing euro zone data while the pound was pressured lower amid persistent investor anxiety over Brexit.
Investing.com - The euro fell to the lowest levels in two months on Wednesday after disappointing euro zone economic data, sending the dollar broadly higher against a currency basket.
Investing.com - The yen strengthened on Tuesday as a slew of geopolitical risk factors bolstered safe haven demand for the Japanese currency, while the dollar dipped against a currency basket.
The new week starts for us with the analysis of the USDJPY, where we do have a nice bullish setup. In addition to that, USDJPY drew a bullish price formation – Inverse Head and Shoulders pattern (yellow).
Investing.com - The dollar slipped lower against a currency basket on Monday, while the euro pushed higher even as Italy prepared to see its proposed budget for 2019 rejected by the European Union for breaching borrowing targets.
The EUR/JPY has formed an obvious ascending trend line at support and the price is looking bullish. W L5 & M L4 are supporting the rising trend line.
Investing.com - The euro extended early losses on Tuesday, falling to fresh seven-week lows as concerns over Italy’s fiscal outlook and a broadly stronger dollar weighed.
Italy’s 10-year bonds now yield 3.63%, just 1.02% below Greece. German 10-year yields are 0.54% despite almost doubling this year. How can this spread affect global equity markets?
Investing.com - The dollar edged higher against a currency basket on Tuesday and the safe haven yen remained steady in cautious trade as rising U.S. bond yields and concerns over the outlook for global growth weighed on risk appetite.
Investing.com - The euro rebounded on Wednesday, snapping five days of losses as reports that Italy plans to cut its budget deficit after next year eased concerns over the prospect of a wider deficit that had rattled markets.
Investing.com - The euro pared back some losses after falling to one-and-a-half month lows against the dollar on Tuesday, amid concerns over Italy’s deepening dispute with the European Union about its proposed budget.
Investing.com - The euro slipped lower on Tuesday amid fresh concerns over Italy's fiscal issues, while the safe haven yen pushed broadly higher as the boost to risk appetite from the re-negotiated NAFTA deal faded.
A bit of hesitation on the GBPJPY. The pair is currently drawing a right shoulder of the H&S pattern. This is not happening in a random place. We are on the mid-term resistance created by the top from the middle of July. Currently, the most crucial level is the orange line. The breakout here will bring us a sell signal.
In this introduction, we will define the types of currency pairs and cover some of the basics you’ll need to know before you begin trading the ‘exotics’.
Today, we will focus on the two pairs with the JPY an Oil. Let’s start with the EURJPY, where yesterday’s daily candle is a shooting star. It would be meaningless if not the fact that this candle is being present on an important horizontal resistance.
One wonders how the Eurozone will achieve higher core inflation if monetary policy slowly tightens and the economic activity slows. Should the Euro appreciate and get back above, say, the 1.20 mark against the greenback, it will be even harder for inflation to accelerate.
>> The EUR/JPY formed an ascending trend line along with the inverted SHS pattern. A close above the M H3 camarilla pivot suggests a further bullish pressure. <<