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Flash: USD/JPY 102.95/00 should be strong technical resistance now –TD Securities

FXstreet.com (London) - Research teams at TD Securities said that the daily USD/JPY chart shows the market recovering strongly from the 101.05 trend support on the day but price action overall last week in USD/JPY was outright bearish.

They suggest that the daily pattern of trade is starting to show some of the classic signs of potential weakness via the upward sloping and narrowing range. The 101.00/05 area is key support now and may be retested if spot cannot quickly make new highs and said that JPY102.95/00 should be strong technical resistance now.

Flash: A slow start to the week - BMO Capital Markets

Stephen Gallo, European Head of Currency Strategy at BMO Capital Markets notes that it looks like a quiet start to the week as the market returns from holidays in both the US and the UK.
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American equity markets start week off positively

The US stock market opened higher Tuesday, after many investors returned after a long holiday weekend. In the United States, the S&P/Case-Schiller Home Price Indices (YoY) grew a steadfast +10.9% in March, beating expectations of +10.2%.
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