The yen stabilized negatively against the US dollar during trading on Tuesday, as the Japanese currency came under pressure following negative data.
Government data showed that the consumer price index remained stable at its core value - excluding energy and food prices - a reading issued by the Bank of …
The growing demand for risk in the stock and commodity markets supports the pair. If the US Conference Board index data published today turns out to be no worse than the forecast, this will push the pair back to growth.
Technical side:
The price is below the middle Bollinger …
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The descending truncated pattern of the H1 level ended with the breakout of an inclined channel. Awesome Oscillator indicator shows a bullish divergence, while Stochastic Oscillator indicator signals an oversold …
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