News | Forex Optimum

News

News

USD/JPY: Downtrend to accelerate with support seen at 103.20/05 - Credit Suisse

FXStreet reports that according to the Credit Suisse analyst team, the USD/JPY pair is expected to see a sustained move below 104.00 for a fall back to 103.05 and eventually 101.59/18.

“USD/JPY strength has quickly faded and we continue to look for a clear and weekly closing break below the key 104.02/00 price pivot to confirm a more important downturn with support below 103.65 seen next at the early November low and potential trend support from late July at 103.20/05.”

“Whilst a fresh rebound from 103.20/05 should be allowed for, our bias remains for this to be removed in due course for a move to what we see as more important support at 101.59/18 – the March low for the year and further potential trend support – where we look for a better floor.” 

You may also be interested:

18:57 02.12.2020
Gold: Outflows in ETFs key driver behind the November sell-off - Commerzbank
FXStreet reports that in the view of Carsten Fritsch, Precious Metals Analyst at Commerzbank, outflows in the gold-backed exchange-traded funds (ETFs) in November was the main driver behind the metal’s fall.“The gold market saw continued selling pressure last month as investor sentiment was boosted by news of three potential vaccines for the COVID-19 virus.”“Gold-backed exchange-traded funds (ETFs) have been the key driver behind gold's disappointing price action.” "News
18:44 02.12.2020
Dallas Fed president Kaplan: Guidance will be needed on asset purchases - WSJ
Fed's officials need "start thinking about how we want to begin to taper or communicate the composition and the size of our asset purchases"Broader changes and altering those purchases right now not needed
18:36 02.12.2020
EIA’s report reveals smaller-than-forecast drop in U.S. crude oil inventories
The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories decreased by 0.679 million barrels in the week ended November 27. Economists had forecast a decline of 2.358 million barrels.At the same time, gasoline stocks rose by 3.491 million barrels, while analysts had expected a gain of 2.386 million barrels. Distillate stocks advanced by 3.238 million barrels, while analysts had forecast a decrease of 0.209 million barrels.Meanwhile, oil production in
Deposit
options
Trading
platform
download
Bonuses VIP