Monthly Archives: August 2018

EURUSD extends recovery to 1-month highs; could maintain positive momentum in short-term

EURUSD continues to recoup losses which drove the market to a 1-year low of 1.1300 on August 15, with a spirited recovery to an almost 1-month high of 1.1652 during Monday’s Asian session. For short-term trading, the RSI and the MACD indicate that positive momentum could hold as the former picks up…

USD/JPY: eyes on equities; Tokyo risk-on following dovish/neutral Powell

USD/JPY has started out the week in the consolidation of Friday’s pressure in the greenback where the pair drifted south from the recovery highs up to 111.48. The balancing scales gave in to what was otherwise a relatively robust performance in the pair when comparing to other dollar crosses such as…

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