the dollar retreated today as US Treasury yields sagged, after Friday’s U.S. jobs data fell short of expectations and prompted some investors to take profits on extremely long dollar positions. The dollar index slipped about 0.3 percent to 87.368, following a 0.4 percent fall on Friday when it retreated from 88.190 – a high not seen since June 2010.The disappointing ... Read More »
The Bank of Japan keeps monetary policy steady, extends special loan schemes The Bank of Japan kept monetary policy steady today and maintained its upbeat assessment on the economy, unfazed by recent signs of slackening momentum in growth and signaling that any additional stimulus may be some time away. The central bank also decided to extend three special loan facilities ... Read More »
The USD/JPY broke down its 100-4hour moving average which is a sign of weakness. The USD/JPY is still in a sideways trend on 4-hour chart. First support lies at 104.08yen; second support is in the area between 103.53 yen & 103.23yen and the main support is in the area between 102.85yen & 102.15yen.The recent price peak failed to reach the ... Read More »
The cable broke up its 50 and 200-4hour moving averages which are signs of strength. The cable changed its trend from down to sideways on 4-hour chart. If sterling manages to break up the area between 1.6464$ & 1.6517$, it will face next resistance at the area between 1.6603$ & 1.6618$ and the main resistance is 1.6746$ .The recent price ... Read More »
An explanation of how to calculate how prices move and what is the point or PIP in the forex market Read More »
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Define and explain the symbols of the currencies that are traded in the currency market Read More »
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