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Day: May 29, 2018
May 292018
Asia AM Digest: EUR Fell as Italy Gets New Election, JPY May Rise
Monday’s Recap – Euro Reverses Course as Italy Starts Preparing for a New Election The Euro initially rallied during the first bit of Monday’s session with EUR/JPY experiencing a significant gap to the upside after the weekend. News that the Italian government demonstrated a check on the anti-establishment parties was taken well. President Sergio Mattarella […]
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May 292018
Asian Shares Sink on Italian Political Jitters, is USD/JPY Stuck?
Asian Stocks Talking Points: Most Asian shares declined as Italian political jitters sunk sentiment in illiquid conditions One standout was the ASX 200 which was lifted and heading higher thanks to the PBOC USD/JPY is struggling to push below crucial May horizontal stubborn support, will it? Not sure how these developments impacted the markets? Join […]
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May 292018
EUR/USD Falls to New Lows amid Europe’s Political Turmoil
EUR/USD fell today, extending yesterday’s decline and touching new lows for the year, amid ongoing political crisis in Europe. The decent macroeconomic reports released in the United States over the current trading session added to the downward momentum of the currency pair. S&P/Case-Shiller home price index rose 6.8% in March, year-on-year, the same as in February. Analysts had expected a slowdown to 6.5%. Month-over-month, the index was up as much as 1%. (Event A on the chart.) Consumer confidence […]
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