EUR/JPY Price Analysis: Next Upside Barrier Located Near 157.70

Today, the ECB cut rates for the third time this year, bringing the deposit rate to 3.25% in line with expectations. The weakness in the incoming economic data since the last GC meeting was acknowledged by Lagarde, and that data has led to further confidence the inflation path is on track, leading to the rate […]

Markets started off the week lingering at the fear of recession after the August US jobs report failed to shake off those fears. Chinese core inflation dropping further to 0.3% as a symptom of weak Chinese demand only added further to the sour risk sentiment. We saw it in FX markets, with further slides in Swedish […]

In the last years, the renminbi made a pause in his attempt to get stronger against USD dollar. In February 2014, renminbi found support at 6.0153 as wave ((III)) and from there it made a perfect zig – zag correction structure to equal legs at 7.1964 high in September 2019. After these 3 swings, USDCNH […]