All times GMT: US: JOLTS Report (Tuesday 15:00); Beige Book (Wednesday 19:00); Retail Sales (Friday 13:30); Industrial Production (Friday 14:15) 2. UK: Industrial Production (Tuesday 9:30); BoE Policy Rate (Thursday 12:00) 3. China: Trade Balance, FDI, New Yuan Loans, and Money Supply released throughout the week. The main focus next week will be the additional...
Today the pair dropped to 1.0713, area located around yesterday's lows, forming a potential double bottom in the short term. Currently, with the pair above Asian session highs, the possible target of the distance between 1.0710/20 and 1.0770 is 60/70 pips. EUR/USD needs to hold above 1.0760/70 in order to keep the bullish bias intact; if it falls below, it...
USD/JPY upside capped by 5-DMA Currently, the USD/JPY pair trades 0.57% higher at 118.30, holding on the recovery above 118 handle. The major failed to sustain at higher levels and edged higher following a relief rally seen in the Asian indices, especially with a positive opening in China’s stock markets. The Chinese benchmark, the Shanghai Composite (SSEC)...