The US dollar had a strong week versus the Japanese yen. USD/JPY opened with a gap down on the W1, but is now trading above the highs of the previous week.
Tag - usd
The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
American trade balance and ISM Non-Manufacturing PMI may affect the US dollar. As a result, major pairs may change their direction.
On the H1, you can see that EUR/USD formed an inverted “Head and Shoulders” pattern.
The market sentiment is still off due to the Iran-US tensions.The Japanese markets are open after the holidays. As a result, markets are open with a gap.
Market sentiment has worsened on the news about the conflict between the United States and Iran. One of the ways to trade in this environment is to sell NZD/USD.
The 2020 year has started and the direction of the markets is unclear especially due to the US-Iran tensions. Take a fast look at the major events that will determine markets’ direction in January 2020.
The market sentiment is off due to the Iran-US tensions.
The US dollar has been trying to recover after the suffering in the last days of 2019.
Coming to the year-end, the USD is the weakest among the majors. The USD's slip may prolong in 2020. Get clues on the risks for the USD and check the direction of EUR/USD, GBP/USD, USD/JPY, USD/CHF, and XAU/USD.
Oil price in 2020 is one of the central discussions among the analysts. What it will be depends on the factors of influence, which we examine in the article.
NZD/USD has been performing really well since the start of December as it managed to break above the line connecting 2018 and 2019 highs.