US Presidential Election: Here Is How You Can Plan Trading In Forex Market

One of the most awaited events of this year is round the corner, as on 8th November 2016, the financial market and investors will be keeping a close watch on the 2016 presidential elections in the USA. In a few days, we will know the next president. There are two candidates – Hillary Clinton, who belongs to the Democratic Party, and Donald Trump, who belongs to the Republican...
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USDJPY – Perfect Failure, More Losses Ahead?

USDJPY – Perfect Failure, More Losses Ahead? Key Highlights             US Dollar failed around the 100-day simple moving average against the Japanese Yen and moved down. The USDJPY pair fell sharply, and it looks like sellers are in control in the short term. In the US, the Initial Jobless Claims report will released by the US Department of Labor, which...
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USDJPY Approaching Crucial Resistance Area

USDJPY Approaching Crucial Resistance Area Key Highlights             US Dollar after trading as low as 115.92 against the US Dollar managed to correct higher. USDJPY is heading towards a major resistance area where sellers may emerge. Japanese Foreign bond investment released by Ministry of Finance posted a reading of ¥-358.3B, compared with the last rea...
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USDJPY – 118.0 As Pivot Area

USDJPY – 118.0 As Pivot Area, Can it Recover? Key Highlights             US Dollar after trading lower towards the 116.60-50 support area against the Japanese Yen found support. There are a couple of bearish trend lines formed on the hourly chart of the USDJPY pair, which are stalling gains currently. Japanese Trade Balance - BOP Basis released by the Cu...
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USDJPY – US Dollar On Declining Path Against Yen

US Dollar On Declining Path Against Yen, Can it Recover? Key Highlights             US Dollar moved lower against the Japanese Yen, and currently looks set for more losses. There is a major bearish trend line formed on the hourly chart, which may act as a resistance moving ahead. On the downside, a support trend line is holding losses which if broken may c...
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USDJPY – Can This Be a Real Break?

USDJPY – Can This Be a Real Break? Key Highlights             US Dollar after trading close to the 123.80 resistance area against the Japanese Yen found sellers and moved lower. There was a support trend line formed on the hourly chart of the USDJPY pair, which was breached to open the doors for more losses. In Japan, the Nikkei Manufacturing PMI was rel...
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USDJPY – Signs of Weakness Evident

USDJPY – Signs of Weakness Evident, More Losses Likely? Key Highlights             The US Dollar struggled during the past couple of sessions as the US initial jobless claims data failed to impress the investors. USDJPY pair is currently trading lower after testing the 123.50-60 resistance zone. Japanese Industrial Production report will be released by t...
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NFP Day – USDJPY Trading Near Important Support

Key Highlights US Dollar traded higher Intraday against the Japanese Yen, but it looks like the uptrend is at risk. There are a couple of bullish trend lines formed on the hourly chart, which if breached might ignite losses in USDJPY. US nonfarm payrolls will be released by the US Department of Labor, which is forecasted to post an increase of 180K jobs in October 2015....
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USDJPY Trading Near Crucial Juncture Post Japanese Trade Report

Key Highlights US Dollar is trading lower and heading near a major support area against the Japanese Yen. 80-60 holds the key for the USDJPY pair in the near term as there lies a major barrier. Japanese Trade Balance - BOP Basis released by the Customs Office came in at ¥-326.1B in August 2015, compared with the last reading of ¥-108.0B. Japanese New Machinery Order...
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USDJPY Remains under Bearish Pressure

Key Highlights US Dollar was seen under bearish pressure against the Japanese Yen, as the latter one gained traction. There is a major bearish trend line formed on the hourly chart, i.e. acting as a resistance for the USDJPY pair. In China, the Caixin China Services PMI™, released by Markit Economics declined from the last reading of 47.3 to 47.0 in September 2015. ...
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