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GBP/JPY churns but finds higher ground near 195.00
GBP/JPY inches into multi-year highs as Yen softens further. Odds are increasing of BoJ verbal intervention spilling over into actual intervention. Tokyo CPI inflation, BoJ rate call approach on Friday. The GBP/JPY pushed into fresh multi-year highs on Thursday as the pair grinds towards the 195.00
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EUR/JPY Price Analysis: Extends its upside above 166.50 amid the overbought condition
EUR/JPY gains traction near 166.85 on Thursday, the highest level since 2008. The cross keeps the bullish vibe, with the overbought RSI condition. The first resistance level will emerge at 166.82; the initial support level is located at 165.35. The EUR/JPY cross trades in positive territory for the
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Need JRFX MetaTrader 4 Download?
In the realm of online trading, accessing the right tools and platforms can make all the difference. For those navigating the dynamic world of forex trading, having a reliable and efficient platform is paramount. Enter JRFX MetaTrader 4 – a powerful trading platform that empowers traders with robust
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Flash Eurozone PMIs revitalised interest in the Euro
Boosted interest in the Euro emerged after preliminary PMI estimates showed a surprising acceleration in the services sector, which was able to offset the negativity from industrial weakness significantly. Both France (46.2 to 44.9) and Germany (41.9 to 42.2) saw their manufacturing PMIs fall short
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After Monday's relief rally, attention shifts to earnings and policy fronts
With the easing of tensions in the Middle East, safe-haven demand reversed course; global stock markets experienced a modicum of relief. Indeed, in a classic relief rally fashion, Monday saw a rebound in the S&P 500, snapping a six-day losing streak. Yet, investors remain highly cautious on both
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BoJ’s Ueda: Bank will cut back on buying JGBs irrespective of data
Bank of Japan (BoJ) Governor Kazuo Ueda spoke at a seminar hosted by the Peterson Institute for International Economics on Friday. Ueda said that the Japanese central bank "very likely" will raise interest rates if underlying inflation continues to go up and begin reducing its bond-buying in the fut
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