Fundamental view: The yellow metal initially pulled back during the week, but benefited from broad-based US dollar weakness, as global markets cheer Fed’s lower rates for a longer period and down greenback’s haven demand. Ultimately, the market should continue to go a lot of choppiness, but as the Federal Reserve has raised the bar again [...]
It is the best strategy for traders who do not prefer to trade in small time frames because it will give you 24 hrs opportunities to find a trade especially with the usd vs jpy chart. Since the JPY is active after the main currency pairs slow down in trading volume. Timeframes : only on [...]
Core consumer prices in Tokyo fell 0.3% in August from a year earlier, government data showed on Friday. The core consumer price index for Japan's capital, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.3% annual rise. Furthermore, the ex-Food and Energy CPI data lagged below 0.5% [...]
A better-than-expected Aussie business spending data supports Aussie. While business spending, as represented by private capital expenditure (CAPEX), fell 5.9% in the second quarter, the actual reading was better than the forecasted drop of 8.4%. The third estimate for 3 for 2020-21 came in at $98,624 million – 12.6% lower than the third estimate for [...]
