Language:
Forex News21 May 18:37 - The bias here is positive above 1.2840-50 support area and I favor a rise towards 1.2940 and 1.3020. Crucial on the downside is 1.2840 and initial minor resistance is projected at 1.2900. 21 May 17:40 - On Monday Dollar/Yen decreased with 130 pips. The currency couple depreciated from 103.25 to 101.93 yesterday, matching the negative money flow sentiment at around -15%, closing the day at 102.22. This morning the Dollar is trading quietly against the Yen, with movements within yesterday's range for now. 21 May 16:27 - The common European currency recovers, as the price breached the monthly S1 level at 1.2875 and weekly pivot point at 1.2885 yesterday. Seems that Dollar's appreciation takes a break and the pair undergoes a small correction. Considering its possible extent, it is likely to see an attempt to overcome an 21 May 16:16 - GBPJPY – With GBPJPY continuing to hold on to its broader upside, we look for it to strengthen further in the days ahead. This will leave it targeting the 157.00 level where a violation will aim at the 159.00 level and then the 163.05 level. Its daily RSI is bullish 21 May 16:11 - The Euro bounced off yesterday's fresh low at 1.2795 and regained psychological 1.2900 barrier, sidelining immediate downside risk. This would open way for stronger corrective action, as near-term structure turned positive, with clearance of 1.2911, Fib 50% of 1.3027/1.2795 descend, seen as confirmation. Fresh extension higher would face 1.2930/50 as 21 May 16:09 - On Monday Pound/Dollar increased with almost 120 pips. The Cable appreciated from 1.5163 to 1.5282 yesterday, in line with the positive money flow sentiment at above +14%, closing the day at 1.5246. Today the British Pound is trading quietly, with movements at the upper half of yesterday's range for the time being. 21 May 16:07 - The GBPJPY resumed the bullish bias after testing the ascending support for the latest bullish wave, and currently heading towards the latest key high at 156.75 area. A break above this area could push for another leg higher, however there is a clear bearish divergence on RSI momentum indicators over 21 May 16:05 - The pair moved to the upside yesterday and is trading above key support level of the bullish move as Stochastic is showing a positive bias. Meanwhile, Linear Regression Indicators are negative and the pair is stable below 1.2970, these negative catalysts conflicts with the pair’s move of yesterday’s trading. We 21 May 14:21 - The EURUSD was corrected higher yesterday topped at 1.2901. The bias is bullish in nearest term testing 1.2935. A clear break above that area could trigger further bullish pressure testing 1.3000 area and change my major outlook to a neutral condition as direction would become unclear. As you can see 21 May 13:23 - The longest decline in Treasuries this year has left U.S. government debt the cheapest since March 2011 when measured by real yields and the best relative value compared with German bunds in more than two decades. After inflation, 10-year U.S. notes yielded 0.91 percent last week, or 1.77 percentage points |
  
 |