Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.
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On Monday (December 28th) AUD/JPY long positions should be opened above the hourly 55-period Exponential Moving Average (87.47) with targets set in proximity to December 22nd high of 87.80 and stops placed just below the hourly 100-period EMA (87.30-87.40 area). Short positions, on the other hand, could be opened below the low from December 23rd (87.08) with targets set in proximity to December 21st low of 86.61 and stops placed close to the hourly 100-period EMA (87.30-87.40 area).
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Forex Market: GBP/USD daily trading forecast Yesterday’s trade saw GBP/USD within the range of 1.6077-1.6147. The pair closed at 1.6120, gaining 0.18% on a daily basis.At 9:28 GMT today GBP/USD was down 0.14% for the day to trade at 1.6100. The pair touched a daily low at 1.6088 at […]
Canada’s CPI inflation slows to over 3-year low Annual headline consumer inflation in Canada has eased to 2.5% in July from 2.7% in June, the latest data by Statistics Canada showed.The CPI reading came in line with market consensus and also marked the lowest inflation rate since […]
USD/JPY hits 6-month highs on reinforced Fed tapering speculation On Tuesday, the Japanese yen, having hit 6-month lows against the US dollar yesterday on BoJ Governors statement, reached a new 6-month bottom. The yen depreciated the most against the US dollar since May 23rd on reinforced speculation of […]
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