Market News

USD/JPY is recovering from a nearly two-month low and is climbing above the 113.00s mid-point USD/JPY maintained its footing in pre-European trading and last traded near its daily high at 113.60. After overnight volatile price movements, the USD/JPY pair gained some positive dynamics on Wednesday and found support from several factors. Global risk sentiment has

Options market USD/CAD turns most bearish in last two weeks & expecting volatility  in future WTI crude fell to $70.40 in an early two-day rally on Tuesday. While the 2-day symmetrical triangle limits Black Gold’s recent move, adding 50 HMA to the RSI’s decline and the upper barrier is encouraging for sellers. However, a clear

GBP/USD remains weak below 1.3350 amid omicron concerns and Brexit concerns GBP/USD is trading moderately below 1.3350, consolidating from its 11-month low of 1.3278, with risk sentiment improving slightly. Despite the risk reset, the risk remains downward biased against the majors as they continue to face the latest Omicron covid and ongoing Brexit issues. Risk

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GBP/JPY: Brexit, full-fledged bear dominating below 153.00 on COVID-19 chatter GBP/JPY licks the cut at the 152.70 area after hitting a week-long high before hitting a two-week low of 152.47 ahead of the London opening on Friday. The Cross saw a double attack as it served food to bears amid fears of coronavirus and Brexit-related