During the trading session on Friday, we have seen the Australian dollar pullback have been against the Japanese yen to reach towards the 98 yen level before bouncing later in the day.This was something that we had seen in several yen related pairs.And at...
1 month agoThe first thing I notice is that we have given back an attempt to break out to the upside and it suggests that perhaps we are not quite ready to see enough momentum come into the market to push things to the upside for a bigger move.That being said, the m...
1 month agoIn my daily analysis of the Aussie dollar against the Japanese yen, the first thing I notice is that the 99 yen level has been a big barrier.This is a barrier that if we can break above, I think will catch the attention of a lot of traders.That being said...
1 month agoPotential Signal:I would be a buyer of the AUD/JPY pair, going long above the ¥99 level, with a stop loss at the ¥97.50 level below.I’d be aiming for the ¥100.75 level above.The first thing I see is that it looks like we are trying to form some type of bo...
1 month agoVolatile month of August rounded off with some calm Wall Street managed to move higher with ease to end last week, as traction returned to the growth sectors on Friday, with questions on whether Nvidia’s sell-off has been an overreaction. Overall, there h...
1 month agoThe Aussie dollar went back and forth during the course of the trading session on Thursday as we continue to look for some type of support.All things being equal, this is a market that I think is going to be paying close attention to the risk appetite of...
1 month agoOn hold for Fed’s rate decision Today’s session will likely see market participants holding their breath ahead of the upcoming Federal Reserve (Fed) interest rate decision, with the paring of earlier gains overnight in Wall Street reflecting some reluctan...
4 weeks ago