Fed Chair Powell’s comments on the Jackson Hole Symposium resulted in the worst weekly candle in the US500 index since June. Most risky assets experienced severe drawdowns, and EURUSD returned to the above-parity area. We explain everything you need to know about the Symposium in this article.
USD/JPY: the Dollar supported by Cloud
2019-11-11 • Updated
Technical levels: support – 111.00; resistance – 111.60.
- Buy — 111.10/20; SL — 110.90; TP1 — 111.60; TP2 — 112.00.
Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices are fixed up above the Cloud and the Bulls may continue buying the Dollar.
What happened? A rise in Treasury yields and solid US labor data on Friday boosted the dollar, which climbed against the basket of major currencies…
Last week was bearish for risky assets such as stocks, oil, gas, and crypto. Will the upcoming week change the situation across the markets? Let’s look at it in detail!
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