Monthly Archives: June 2018

EURUSD Clings to Support Following Impulsive Selloff

In Wednesday’s EURAUD commentary, I remarked at how the Euro was hanging by a thread against the U.S. dollar. The 230 pip single session drop on June 14 put sellers back in control, but Euro bulls have battled back this week.

Here’s why…

There is a trend line that extends from the 2017 low at …

USD/JPY Breaks the June Bullish Trend Despite Continued Inflation Lag

It was a week of pullback for USD/JPY, as the Yen caught a bid in the early portion of the week as risk aversion started to show across global markets. This led to rather concerted drops in pairs like GBP/JPY or EUR/JPY shortly after this week’s open; but support caught in each pair early on Tuesday…

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