The euro today fell against the US dollar in the American session following the release of upbeat US retail sales data. The EUR/USD currency pair fell from its daily highs giving up all the gains made earlier in the session as the Dollar Index soared. The EUR/USD currency pair today fell from a high of 1.1173 in the mid-European session to a low of 1.1128 in the American session and was near these lows at the time of writing. The currency pair […]
Read moreThe Japanese yen is weakening against most of its currency rivals on Thursday after a mix of economic data that highlighted both gains and weaknesses in the worldâs third-largest economy. Is the federal governmentâs stimulus enough to prevent Tokyo from slipping into the long-awaited recession? According to the Japan Machine Tool Builders Association (JMTBA), machine tool orders plummeted 33.6% in December from the same time a year ago. This is a slight […]
Read moreThe Australian dollar versus the Japanese yen currency pair is in a very interesting spot, one from where it could go either way and so establish the course for the long-term. Long-term perspective The ascending trend that started after the false piercing of the 71.09 support evolved in a very convincing manner, peaking at 76.54, just above the 76.02 level. The fact that the peak at 76.54 is part of a false break was, of course, welcomed […]
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