USD/JPY declined further during yesterday’s trading, reaching as low as 109.36, while our short signal from 110.20 is still active and is giving us over 80 pips.
Tag - usd
In our FOMC Meeting live coverage on YouTube yesterday, we sent out a short signal on USD/JPY around 25 minutes after the decision and right before the press conference.
The Federal Reserve decided to keep the current policy unchanged as widely expected, with no additional information about the timing of the tapering. In fact, in this meeting, the Fed mentioned tapering twice only.
The Federal Reserve signaled that it’s not in a hurry to taper monetary stimulus, and the USD weakened. Now traders are awaiting the release of the US GDP at 15:30 GMT+3.
All eyes are headed towards the Federal Reserve's decision today, which is likely to have a notable impact on the markets, depending on what the Fed decides to say.
The main event for today is the FOMC meeting, while stocks are recovering after yesterday's plunge.
What will happen? FOMC statement will be announced at 21:00 MT (GMT+3) on Wednesday, July 27…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. US stocks fell after the S&P 500 reached a fresh all-time high. Tesla posted better-than-expected results. Watch the video to know the most important market news!
Weekly update for EUR/USD, USD/CAD, gold, and stocks
The earnings of Twitter, Intel beat estimates, while euro awaits PMIs
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
After a notable rally all the way to 1.28, USD/CAD dropped back to 1.2730 yesterday, confirming our outlook mentioned a few days ago about the need for a downside retracement before the upside trend resumes.