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April 20, 2017

USDJPY – US Dollar About To Break Higher Vs Japanese Yen

Key Points

The US Dollar after nosediving towards the 108.20 level against the Japanese Yen found support. There USDJPY pair is currently recovering, but facing a major bearish trend line at 109.10 on the hourly chart. Earlier today in Japan, the Merchandise Trade Balance Total for March 2017 was released by the Ministry of Finance. The outcome was better than the forecast, as there was a trade surplus of ¥614.7B, more than the forecast of ¥575.8B. USDJPY Technical Analysis

The US Dollar was under a lot of pressure against the Japanese Yen this past week, as it traded below the 108.50 support for a new weekly low of 108.17. Later, the USDJPY pair gained bids around 108.20, [...]

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April 6, 2017

GBPJPY – British Pound Corrections Remains Capped Vs Japanese Yen

Key Points

The British Pound recently faced resistance near 139.00 against the Japanese yen, and moved down. The GBPJPY pair, however found support near a bullish trend line at 137.75 on the hourly chart. Today in Japan, the Securities investment figure (March 31), released by Ministry of Finance came in at ¥584.5B. The Japanese Foreign bond investment (March 31) came in at ¥1,099.8B, up from the past revised reading of ¥-146.8B. GBPJPY Technical Analysis

The British Pound slowly and steadily moved down below 140.00 against the Japanese yen. There was a correction recently towards 139.00, but the GBPJPY pair faced hurdles, and moved down. A bearish trend line with resistance [...]

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November 27, 2015

China Allows Foreign Bank into Forex World

All active participants in the Forex trading community eagerly await the forthcoming announcement by the International Monetary Fund this coming Monday regarding the Yuan joining US dollar, Yen and Pound Sterling in the Special Drawing Rights (SDR) currency basket. Seven international financial institutions were now registered for participation in the Forex trading. They would be free to indulge in trading with currency derivative such as swaps, options, swaps, forwards and spot trading.

Great positivity expressed by PBOC

The central bank in China made the announcement that seven financial institutions were cleared for participation in its foreign exchange interbank market. [...]

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January 13, 2015

Oil above $100? Never again, says Saudi Prince Alwaleed

–From MarketWatch–

NEW YORK (MarketWatch) — A well-known Saudi prince is making a big call on oil, saying that the $100-a-barrel threshold will never be topped again. “If supply stays where it is, and demand remains weak, you better believe [the price of oil] is gonna go down more. But if some supply is taken off the market, and there’s some growth in demand, prices may go up. But I’m sure we’re never going to see $100 anymore,” said Prince Alwaleed bin Talal, the billionaire Saudi businessman, in an interview with Maria Bartiromo of Fox Business News published in USA Today. “I said a year ago [that] the price of oil above $100 is artificial,” Alwaleed said. “It’s [...]

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