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Our information/charts are NOT buy/sell recommendations. Are strictly provided for educational purposes only. Trade at your own risk and analysis.
Contact our advisors through website chat 24/7.
Lunar New Year holidays in China seems to restrict the metal’s supplies while risk-on mood and the US dollar weakness.
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AUD/USD appears on track to test the resistance of the trendline connecting Jan. 6 and Jan. 14 highs, having risen for the third straight trading day on Tuesday.
A close above the trendline hurdle, currently at 0.7758, would signal a resumption of the broader uptrend from the early November low of 0.6991 and open the doors for a re-test of the Jan. 6 high of 0.7820.
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Japanese Prime Minister Yoshihide Suga said on Wednesday, the Bank of Japan (BOJ) is expected to guide the monetary policy appropriately.
The BOJ Governor Haruhiko Kuroda has explained that the central bank’s exchange-traded purchases (ETF) are part of monetary easing and are not aimed at guiding stock prices, PM Suga added.
The above comments had little to no impact on USD/JPY, as it consolidates the rally to five-month tops of 106.22.
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Our information/charts are NOT buy/sell recommendations. Are strictly provided for educational purposes only. Trade at your own risk and analysis.
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ADP's private-sector job statistics pointed to an increase of 174,000 positions in January, while the ISM Services Purchasing Managers' Index advanced to 58.7 points. Both beat estimates and raise expectations for Friday's Nonfarm Payrolls. Weekly jobless claims are also forecast to show improvement.
Our information/charts are NOT buy/sell recommendations. Are strictly provided for educational purposes only. Trade at your own risk and analysis.
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Our information/charts are NOT buy/sell recommendations. Are strictly provided for educational purposes only. Trade at your own risk and analysis.
Contact our advisors through website chat 24/7
Our information/charts are NOT buy/sell recommendations. Are strictly provided for educational purposes only. Trade at your own risk and analysis.
Contact our advisors through website chat 24/7.
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