The most prominent technical factor that jumped at me as soon as I saw the chart though was the wedge I marked above.
Tag - jpy - japanese yen
The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
The US Dollar has been remarkably sluggish for the past few weeks despite being within a distinct Demand zone. My expectation of a springing rebound off the demand zone has not exactly played out yet, however, the zone remains unbroken.
The views here are solely based on Technical Analysis techniques using my personal Smart Money approach. Hence, it is important to understand that the trading of CFDs comes at a risk; if not properly managed, you may lose all of your trading capital. To avoid costly mistakes while you look to trade these opportunities, be sure to do your own due diligence and manage your risk appropriately.
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Before Joe Biden sat face-to-face with Xi Jinping on Monday night at a seaside resort in Bali, US officials played down hopes for tangible progress. The outcome easily exceeded those low expectations.
This week starts with the news from China, the first US election results, and fresh speculations over the crypto market and the FTX scandal. Let's have a closer look at the headlines.
We love trading weeks like this one, filled with impactful events, crypto-crashes, economic releases, and political decisions from global leaders. The day has a lot to offer, so let’s take the most from it!
A new week will be interesting as we await Central Banks Meetings, more earnings reports, and NFP. Let's review the main headlines for this Monday as we prepare for volatile days ahead!
Experts look forward to a rally in the Japanese yen, at least in the short term. Traders are well aware of what happened in the September meeting when the yen extended losses during Kuroda’s media briefing and sparked after the intervention.
The results of the Chinese Communis Party's Congress shook the markets, while the JPY weakened even after the interventions were conducted
China delays GDP data because of potentially harmful numbers, but we will never delay our news because every release is an opportunity to trade on it! Here’s what will move markets today: