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Japanese Yen softens to near 156.50 on upbeat US services PMI data
The USD/JPY pair posts modest gains around 156.70 during the early Asian session on Thursday. The Japanese Yen (JPY) softens against the US Dollar (USD) as demand for safe-haven…
When is the Australian Trade Data and how it could affect AUD/USD?
The Australian Trade Data OverviewThe Australian Bureau of Statistics will publish its data for November on Thursday at 00.30 GMT. Trade Balance gives an early indication of the…
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USD/JPY steady as mixed US data, BoJ hawkish tone guide moves
USD/JPY trades around 156.60 on Wednesday at the time of writing, virtually unchanged on the day, as the US Dollar (USD) struggles to extend its rebound following mixed US economic…
WTI drifts lower as US expands influence over Venezuela’s Oil flows
West Texas Intermediate (WTI) extends its decline for a second straight day on Wednesday, as oversupply concerns deepen after the United States (US) said it will sell Venezuelan…
New ATHs are on tap
In our December update, we combined the Elliott Wave (EW) Principle with the Armstrong Pi-cycle turn dates and concluded for the NASDAQ 100 (NDX) that“…if the November 21 low at…
US data remains in centre stage
The US Dollar (USD) traded without a clear direction on Wednesday, losing some momentum following the auspicious start to the new trading year. Moving forward, the Greenback is…
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Gold slips from $4,500 as strong US data dents haven demand
Gold price tumbles nearly 1% on Wednesday after US economic data showed that business activity improved, while the labor market shows signs of being more solid than expected. At…