WTI oil futures restart downtrend

Key Highlights EUR/USD started a consolidation phase below the 1.0900 resistance. A major bullish trend line is forming with support at 1.0820 on the 4-hour chart. Gold prices are still consolidating above the $2,320 support zone. GBP/USD might continue to rise unless there is a close below 1.2650. EUR/USD Technical Analysis The Euro remained in […]

Yen down more than 6% against US dollar this year already Traders less confident Japan will raise rates, as inflation slows For the yen to recover, global economy needs to weaken Yen feels the blues Another year, another meltdown for the Japanese currency. A combination of worsening economic data and some cautious messages by the […]

EURJPY flips backwards to retest familiar support zone Trend signals lean to the negative side More sellers might show up below 160.70 EURJPY could not sustain its recent recovery attempt above the 162.00 round level, drifting lower to seek shelter near the important support trendline, which came to the rescue on Thursday. The pair eased back […]