Technicals also contributing to selling after move higher this week. As reported earlier, the EURJPY tested a key technical target at the 200 day MA and 50% retracement.   Since then, the price wandered lower, and then the pair got a kick lower on the back of risk-off trades from the Trump tariffs rumblings.   The price
Manafort is cooperating with Mueller It’s not yet clear how much cooperation he will be doing, or what he knows. He’s certainly not getting a sweetheart deal. He’s already been found guilty to counts that will lead to several years in jail and with this plea he will get more jailtime and has agreed to
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Reuters reports the latest comments from Turkey’s President Erdogan, with the key headlines found below. Has faced a heinous economic attack against our country after series of statements from the US. Sudden rise in Lira to above 7 against dollar was an economic assassination attempt. Political reasons lie behind Lira’s decline. In 15 years inflation
TALKING POINTS – US DOLLAR, CHINA, RETAIL SALES, FED, AUSTRALIAN DOLLAR Aussie, NZ Dollars rise as Chinese data boosts market-wide risk appetite US Dollar under pressure as improving sentiment trims haven demand Firming Fed interest rate hike outlook may translate into USD recovery The sentiment-geared Australian and New Zealand Dollars outperformed as risk appetite swelled
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Lows from August/September eyed The USDCHF is back down retesting the earlier NY session lows at 0.96575. The earlier low stalled ahead of the end of August/September 7th lows at 0.8651 and 0.96407.  A move below those lows would look toward the 50% and lower trend line on the daily chart below at the 0.96267
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