The Japanese yen hit its highest level since August 29th, as the currency powers higher. In the North American session, USD/JPY is trading at 139.17, down 0.53%.
The US dollar can't find its footing, and even a soft GDP reading out of Japan hasn't put a dent in the current yen rally. The economy declined in the third quarter for the first time in a year. GDP fell...
The British pound has reversed directions on Tuesday and posted sharp gains. In the European session, GBP/USD is trading at 1.1902, up 1.22%. The pound has punched above 1.19 for the first time since August 19th.
The UK employment report was soft, with unemployment ticking higher to 3.5%, up from 3.4%. Unemployment rose by 3.3 thousand, down from 3.9 thousand but...
Hey. So, pretty much Brainard (FOMC guy) drove EURUSD lower for short-term, and this is the right time to open a huge sell for a few hours. Beware of the fan I drew and RSI, they're lining up for a re-tracement soon. I'll explain and update this post as time goes by.
Voting member Lael Brainard maintained her mildly dovish stance, with the headline quotye being "case to tighten policy preemptively is less compelling" perhaps the most indicative of the dovish sentiment. The rest of the comments remained neutral-downbeat and didnt echo JPM's CEO's comments of "A 25-basis-point increase is a drop in the bucket," and Let's just...
Voting member Lael Brainard maintained her mildly dovish stance, with the headline quotye being "case to tighten policy preemptively is less compelling" perhaps the most indicative of the dovish sentiment. The rest of the comments remained neutral-downbeat and didnt echo JPM's CEO's comments of "A 25-basis-point increase is a drop in the bucket," and Let's just...
