ONLINE FOREX BROKER
The resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down.
The USD retreats as traders await the meeting of the Fed on Wednesday. Find out the levels to trade EUR/USD, GBP/USD, USD/JPY, and gold!
Optimistic vaccine news improved market sentiment. Stocks and riskier assets are rising, while the US dollar is dipping down. Let’s have a closer look.
Risk looking positive as we enter European session.
XAG/USD: Silver stands above the 23.6% retracement area. An indecision still exists.
ECB President Lagarde offered EUR/USD a free pass to head higher.
The ECB confirmed they are not planning to change the course of the EUR: all aboard!
With no major U.S. economic reports scheduled for release today, the U.S. dollar is set to take its cue from political and pharmaceutical headlines.
EUR/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
Global markets again went their separate ways, with the Japanese, Korean and Chinese markets all falling heavily while European ones rose. Oil prices rebounded overnight as a degree of stability returned to risk assets.
EUR/USD, GBP/USD, USD/JPY and AUD/USD go down…
Asian equity markets were lower across the board amid strong headwinds from Wall Street where the tech rout intensified on return from the long weekend.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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