[GBP/JPY] Symmetrical Triangle Pattern
Looking at the daily chart for GBP/JPY, we can see a symmetrical triangle pattern forming, and it seems to be nearing a breakout point soon, where it will either go …
[USD/JPY] Falling Short of 150 Yen
In the Tokyo market after the holiday, USD/JPY started in the high 149 yen range, but because it failed to reach 150 yen the day before, selling pressure pushed it …
[EUR/USD] Before the ECB Meeting
Yesterday, Germany’s October ZEW Economic Sentiment Index was announced at 13.1, higher than the expected 10.0, which caused the euro to rise. However, since U.S. long-term interest rates had already …
[CAD/JPY] Canada’s September CPI and Crude Oil Prices
Yesterday, Canada’s September Consumer Price Index (CPI) was announced at 1.6%, which was lower than the expected 1.9%. This led to selling pressure on the Canadian dollar. The CPI dropped …
[NZD/JPY] New Zealand Q3 CPI
Yesterday, the NZD/JPY pair started the week with selling pressure in the Oceania market. Disappointment over China’s insufficient financial support measures led to stronger selling, causing the pair to drop …
[EUR/USD] Adjustment Before ECB Meeting
Yesterday, even though both the U.S. and Japan had holidays, the euro continued to struggle to rise. With expectations of a rate cut at the upcoming ECB (European Central Bank) …
[USD/JPY] Yen Weakens Amid Risk-On Sentiment
Yesterday, even though both Japan and the U.S. had holidays, the yen weakened as risk-on sentiment increased, while U.S. long-term interest rates rose. This caused the USD/JPY rate to climb …
[CAD/JPY] Canada CPI
Last week, Canada’s September employment report showed strong results, with an increase in the number of employed people and a decrease in the unemployment rate. As a result, the CAD/JPY …
[EUR/USD] ECB Meeting and U.S. Long-Term Interest Rates
The EUR/USD exchange rate dropped below the neckline of $1.10, forming a double top around the early $1.12 range.Last week, U.S. long-term interest rates increased, leading to more dollar buying, …
[USD/JPY] 150 Yen Barrier
While expectations for a significant interest rate cut by the U.S. Federal Reserve (FRB) have faded, the Bank of Japan’s rate hike is also expected to take some time, partly …