Tag Archives: FTSE

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.

Australian Dollar sellers are struggling to find follow-through after pushing the currency below support guiding the upswing from late October against its US counterpart.

The Japanese Yen has staged a little fightback against the US Dollar, and it may well have further to run. However, it may be too late in the year to entirely trust this move

The Philippine Peso had its worst day against the US Dollar since May, USD/PHP could be vulnerable to reversing its dominant downtrend. Meanwhile USD/MYR and USD/IDR may turn lower.

This week the major U.S. indices are testing the year lows, today we have the FOMC which may be a catalyst for making or breaking those important levels.