TAG: Japanese yen
Trade of the week: long USD/JPY
(AI Video Summary) Previous S&P 500, VIX and EUR/JPY trading outcomes In this week's "Trade of the week" video, Axel Rudolph talks about his recent trading experiences and offers some advice for someone who doesn't have much experience in trading. He...
7 months ago
Asia Day Ahead: China’s PMI surprise on upside, USD/JPY on watch
Asia Open The Asian session kickstarted the new week on a more positive note, with Nikkei +0.10% and KOSPI +0.51% at the time of writing, as US equity futures found room for some relief following a tamed inflation read from the US core Personal Consumptio...
6 months ago
Trade of the week: short Dow Jones
We would thus like to go short the index on a bounce back towards 39,700 with a stop loss at 40,100 and a downside target at 38,550. (AI Video Summary) Previous USD/JPY trading outcome In this week's "Trade of the week" video, Axel Rudolph starts by d...
6 months ago
Japanese Yen strengthens as intervention woes linger
Despite the BOJ's exit from ultra-loose policy at its last meeting, the currency has remained weak, as comments accompanying the decision indicated that the next rate hike will be some time away. The ten weakness is not what the Bank of Japan was expectin...
6 months ago
UK house prices fell 1% in March
US indices US indices ended Thursday’s session in the red. The Dow Jones Industrial Average (DJIA) is on track to post its worst weekly performance in 2024. Asia–Pacific (APAC) equity markets followed the US lead, with Japan’s Nikkei shedding more than 2%...
6 months ago
Trade of the week: long DAX 40
We will set a stop loss below last week’s low and an upside target around the 18,500 mark. (AI Video Summary) Previous USD/JPY and Dow Jones trading outcomes In this week's "Trade of the week" video, Axel Rudolph focuses on his previous trading strate...
6 months ago
GBP/USD, EUR/JPY and USD/JPY continue to grind higher
GBP/USD remains bid GBP/USD grapples with the 55-day simple moving average (SMA) at $1.2668 and the March-to-April downtrend line at $1.267. Above these levels beckons last week's high at $1.2684 and the 22 February high at $1.271. Minor support sit...
6 months ago
EUR/USD, GBP/USD took a hit while USD/JPY surged higher post US CPI print
EUR/USD fell out of bed EUR/USD swift bearish reversal has taken it back down towards key support seen between $1.0725 and $1.0694. Here the cross is expected to once again stabilize, at least short-term. If not, a longer-term bearish signal would be trig...
6 months ago
EUR/USD stabilises while EUR/JPY, USD/JPY rally
EUR/USD last week turned medium-term bearish Friday's EUR/USD fall through and daily chart close below its $1.0694 February low confirmed the resumption of the medium-term bear market which began in December with the $1.05 region being in focus. A slip th...
6 months ago
US dollar strength is here to stay: USD/JPY targets ¥160.16, EUR/USD $1.0449, GBP/USD $1.2200 region
The US dollar trades in five-month highs and has further upside in store A robust US labour market, sticky inflation, pushed back US rate cut expectations, and escalating tensions in the Middle East have led to a 3.5% rally in the US Dollar Basket over th...
6 months ago
Look ahead: Japan trade balance figures; UK inflation; ASML; Alcoa; Rio Tinto
Watch out for trading statements from Hays and Entain, and Q1 earnings from ASML. Plus, the mining industry swings into focus with numbers from Rio Tinto and Alcoa. (AI Video Summary) Upcoming Japanese trade balance figures In the financial "Look ahea...
6 months ago
EUR/GBP tries to recover as EUR/JPY and USD/JPY continue to rise
EUR/GBP holds at support EUR/GBP tries to overcome the 55-day simple moving average (SMA) at £0.8549 and reach the £0.856 to £0.857 zone. On Monday the cross slid to £0.8527, below which lies the £0.8499 February low. Source: TradingView.com...
5 months ago
Look ahead: Japan CPI; German PPI; UK retail sales; Procter & Gamble; American Express
On the earnings schedule, watch out for Procter & Gamble, Schlumberger and American Express. (AI Video Summary) USD/JPY Angeline Ong previews key financial events set for 19 April, emphasising Japan's inflation figures and their implications for t...
5 months ago
EUR/USD, GBP/USD slip while USD/JPY regains lost ground post Israel attack on Iran
EUR/USD slips again Following its past couple of days' bounce, EUR/USD is heading back down again amid escalation in the Middle East. The cross eyes Tuesday's low at $1.0601 and the 78.6% Fibonacci retracement of the October-to-December advance at $1....
5 months ago