OctaFX | OctaFX Forex Broker

      Credit Suisse: USD/JPY remains on the offensive this week - eFXnews

      FXStreet (Łódź) - The eFXnews team remark that Credit Suisse notes USD/JPY's rise up through the 61.8% retracement barrier at 103.67 this week, following the completion of a base above 103.09/12.

      Key quotes

      "This leaves the spotlight on the 104.13 April high. Whilst a fresh setback from here should be allowed for, an eventual break is expected for a retest of the 105.48/60 highs, CS projects."

      "Near-term support moves to 103.67, below which can see a pullback to 103.42, potentially as far as 103.09/03, where fresh buying would be expected to show, CS adds."

      "CS booked profit on its latest USD/JPY position at 103.05 and reinstated long above there targeting 105.25, with a stop at 102.42."

      'This content has been provided under specific arrangement with eFXnews.'

      Eurozone PMIs signal decelerating but positive growth in August - BNP Paribas

      Frédérique Cerisier, economist at BNP Paribas, suggests that the slowdown in Eurozone PMI to 52.8 in August sends mixed signals regarding the evolution of activity in Q3.
      了解更多 Previous

      EUR/USD finds no inspiration in data

      The EUR/USD barely moved following the latest series of economic data as investors seem unwilling to push the dollar further ahead of Fed Yellen speech tomorrow in Jackson Hole.
      了解更多 Next