EUR/USD - European Session:
Despite the bearishness witnessed after touching above 1.36 levels yesterday, but the pair is still stable within the ascending channel that was confirmed by stabilizing above 1.3555 earlier. The upside move is still valid and a bullish wave might be seen...
The best performing currency during Thursday’s Asian session was the Australian dollar which jumped against its US counterpart after strong Australian business spending data. Private Capital Expenditure increased by 3.6% quarter-on-quarter despite expectations for a decline by 1.1%.
AUDUSD...
The yen was supported by safe haven demand today after the release of a slightly dovish Bank of Japan policy meeting minutes. The minute from last week’s meeting showed some concern about Japan’s economic outlook and whether the central bank’s 2% inflation target could be met.
Meanwhile, soft...
The US dollar is broadly stronger against its major G10 counterparts on Monday while the yen remains weak as a result of a sell-off due to outflows from safe havens like itself.
The more risk-on market sentiment today was boosted by a deal reached over the weekend to curtail Iran’s nuclear...
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