UJexit

 

The USD/JPY pair maintained its heavily offered tone through the mid-European session and was last seen trading below mid-105.00s or the lowest level since March 16.

The pair extended last week's bearish break below the 106.65-60 strong horizontal support and witnessed some strong follow-through selling on the first day of a new trading week. The downfall was led by the prevalent bearish pressure surrounding the US dollar and concerns about worsening US-China relations.

Investors remain worried that the resurgence in coronavirus cases in the United States could undermine the US economic recovery. This coupled with speculations that the Fed would add more stimulus to support the economy exerted some heavy pressure on the USD and was seen as a key factor dragging the USD/JPY pair lower.

USDJPY H4 06 16 2020 1130

Contact our advisors through website chat

AUDexit

Australia reports a record trade surplus in May
Australian iron ore exports to China are up
Australian ability to combat the virus makes the Aussie an attractive option

AUDUSD H4 06 30 2020 0854

Contact our advisors through website chat

NZDUSDexitNZD USD 20200716 18.42

Contact our advisors through website chat

EUexit

The USD selling picked up pace during the early European session and lifted the EUR/USD pair closer to mid-1.1400s – highest since March 10.

The pair prolonged its recent positive momentum and gained strong follow-through traction for the fourth consecutive session on Wednesday. The upbeat market mood continued denting the US dollar's relative safe-haven status and was seen as one of the key factors driving the EUR/USD pair higher.

The shared currency benefitted from hopes that European Union leaders may agree on stimulus and deepen fiscal integration to shield the Eurozone economy from the pandemic.

EURUSD H4 06 18 2020 1022

Contact our advisors through website chat

 

DJIAexit

Fed commitment to keep rates unchanged until 2022.

US30 H4 07 07 2020 2053

Contact our advisors through website chat

EAexit

The EUR/AUD broke above the long-term key resistance trend line . This could indicate a major bullish reversal.

EURAUD H4 07 09 2020 1543

Contact our advisors through website chat

Payments

Contact Us

office@forexcapitalexperts.com

office@mscapitalconsulting.com

mscapitalconsulting