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USDJPY technical analysis

USDJPY

The pair is dropping strongly amid a possible correction in the stock markets. The continuation of such trends will lead to an increase in demand for the yen and to a further local drop.

Technical side:

The price is located below the lower Bollinger band, below SMA 5 and …

08.02. Fresh trading analysis: markets are up, oil hits $60

Monday, February 8th, today’s news—global markets continue to rise, Wall Street just had its best week since November, European markets are up on tech stocks. China announces new anti-trust laws aimed at tech giants, Brent oil hist $60 per barrel for the first time since January 2020, dollar is stronger. …

AUDUSD analysis

The Australian dollar fluctuated in a narrow range sloping upward during the Asian session, to witness its rebound for the third session in five sessions from its lowest since December 28, 2020 against the US dollar amid scarcity of economic data at the beginning of this week by the Australian …

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