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Market awaits the US Nonfarm Payrolls in the afternoon and the elections in France and Greece over the weekend
Good Morning , – Market traded in tight ranges in Asia. Market awaits the US Nonfarm Payrolls in the afternoon and the elections in France and Greece over the weekend. – Stocks: Nikkei +0.31 %, Hang Seng -0.74 %, Shanghai Composite +0.23 %, Dow Jones -0.47 %, S+P500 -0.77 % – Federal Reserve Bank of […]
A Trading Scenario for USDJPY
USDJPY is currently forming a Doji bar and a potential failure swing on the daily TF. The zone 114.3 -5 looks too strong to be violated. Daily Heading to the H4 TF, the pair is bouncing on the 21 EMA nicely for 5 days. MACD is flat while RSI (5) confirms the upwards sideways move. […]
US Fed’s willingness to take further steps to stimulate the economy if needed
Good morning , -Markets were less cautious today becoming accustomed to Greece’s new instability, with a fresh election date and a caretaker government put in place confirmed today. Some of the positive sentiment can also be attributed to the US Fed’s willingness to take further steps to stimulate the economy if needed. EUR/USD gained in […]