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EURJPY may be breaking out of the consolidation

Beginning with today’s agenda, it includes major news, such as the monthly Japanese Retail Trade s.a. (Previous: -1.0%, Forecast: 0.4%) and Japanese Retailers’ Sales (Previous: -0.7%). Reviewing the daily chart, EURJPY has been consolidating within the horizontal channel (C1), while it is currently breaking the upper side of the channel to the upside. Additionally, RSI […]

The S&P drops to a five-month low…

  Good Morning,   – The dollar rebounded against the yen and euro on Tuesday morning. The dollar suffered heavy losses last night against the safe-haven yen as Wall Street took large hits, with the S&P drops to a five-month low. – U.S. stocks drop, and capping the worst three-day loss for the S&P Index […]

Euro off highs, but still above 1.39 level…

  Good Morning,   – Euro off highs, but still above 1.39 level, ahead of ECB meeting and Draghi press conference. – Asian shares: Japan’s Nikkei 0.93%, Hong Kong’s Hang Seng 0.16% (07:15 GMT), Korea’s Kospi 0.55%, Australia’s ASX 200 0.68% and China’s Shanghai 0.26% – The European Central Bank is expected to take heart […]