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U.S. president Trump continues the firing spree with the national security adviser getting sacked. Risk sensitive instruments didn't like it, extending their declines overnight. AUD/USD, for one, fell to as low as 0.7770 but found some demand at 100 DMA. 0.7750 is the support level to watch and the next one at 0.7650. Broken 200 DMA is the immediate resistance.
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Kiwi in range, but grinds down slowly
After a sharp fall and subsequent correction in the first part of March, Kiwi continues to grind down, slowly. This relatively high yielding currency has been less sensitive to risk than in the past. Overnight U.S. attack on Syria barely dented it.
The pair is trading near the lower extreme of the 2015 - 2017 channel. A sustained break below 0.6890 (March low) and 0.6860 (December low) could lead to a test of 0.6750 - 0.68 area (50.0% retracement of the 2015 - 2016 upswing). 0.70 - 0.7025 is the…
The pair is trading near the lower extreme of the 2015 - 2017 channel. A sustained break below 0.6890 (March low) and 0.6860 (December low) could lead to a test of 0.6750 - 0.68 area (50.0% retracement of the 2015 - 2016 upswing). 0.70 - 0.7025 is the…
USD/JPY recovers after dipping on Brussels attacks
What happened yesterday in Brussels is tragic. My deepest sympathies go to everyone affected by this and all those less media-covered attacks that unfortunately happen around the world on a regular basis.
Reaction in the stock markets and risk sensitive currency pairs so far suggests that this kind of event was basically priced in, which is not surprising given the number of prevented attacks in recent months.
USD/JPY dipped about 75 pips in the immediate aftermath of the news but soon went side…
Reaction in the stock markets and risk sensitive currency pairs so far suggests that this kind of event was basically priced in, which is not surprising given the number of prevented attacks in recent months.
USD/JPY dipped about 75 pips in the immediate aftermath of the news but soon went side…