Monthly Archives: April 2018

Early market sentiment positive but dollar lacks direction

Markets are lacking decisive direction this morning, despite the improved sentiment of geopolitics on the Korean peninsula. Into the new week, the dollar has just lost some of the momentum in its recent recovery. Although Q1 GDP data on Friday may have beaten expectations, it also contained a…

USD/JPY: where to from here, sitting pretty above trend line support?

USD/JPY is in consolidation above the rising support line while Tokyo is out for labour day and currently, USD/JPY trades at 109.10 with a high of 109.18 and a low of 109.02. USD/JPY has been consolidating the recent surge by the dollar that took the pair through key resistance levels and onto 1…

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