НАВІНЫ І БЛОГ FOREX

The USDJPY continues to run to the upside with the currency pair now up 1.32% on the day. That is the largest increase since the end of October when the pair moved up 1.75%.

It is Golden Week next week and markets are closed on Monday in Japan.

The Bank of Japan kept rates unchanged. It is what was said that has increased the bullish bias for the pair (selling of the JPY).

During a press conference, Bank of Japan Governor Kazuo Ueda outlined the central bank’s current monetary policy stance and considerations for future adjustments. Ueda emphasized that the BOJ plans to maintain easy financial conditions for the time being but indicated that the bank’s future monetary policy will be guided by the evolving economic and price conditions, rather than being dictated by a single indicator. He acknowledged that while the Japanese economy has shown moderate recovery, there are still some weaknesses, and highlighted the need to monitor financial and foreign exchange market movements due to their potential impact on the economy and prices.

Governor Ueda clarified that the BOJ’s policy is not aimed at directly controlling the exchange rate but noted that they will continue to observe the effects of foreign exchange on the economy and inflation. Despite the weak yen not significantly influencing trend inflation so far, it has contributed somewhat to higher inflation forecasts. Ueda stated that the likelihood of reaching the BOJ’s 2% inflation target is gradually increasing and that adjustments to the degree of monetary easing might be necessary if underlying inflation rises. He also mentioned that foreign exchange fluctuations could be a factor in monetary policy decisions if they significantly affect underlying inflation, though the impact of FX on inflation is generally considered temporary.

“Continuing to observe” is not all that scary. Also, the weak yen has not significantly influenced price trend inflation is also not scary.

That opened the door for the run to the upside. The 160.00 level is getting closer and closer. The high swing level from May 1990 hit at 160.40

This article was written by Greg Michalowski at www.forexlive.com.

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The USD is moving to the upside, and in the process is shifting the technical bias more in the direction of the buyers. In this video I take a look at five of the major currency pairs including the EURUSD, USDJPY, GBPUSD, USDCHF, and USDCAD.

EURUSD: The EURUSD is now below its 100 hour moving average at 1.0695 but is finding some support buying near its 200 hour moving average 1.06715. Those levels will dictate the barometer for the pair going forward with the sellers making a play.

USDJPY: The USDJPY continues its march to the upside. In a trending market like the USDJPY, it is wise to not try pick the top but to have the market tell you from a technical perspective, when a top might be in place. I outline what would give the sellers a win against the buyers. Absent that and the buyers are in firm control (and the trend can continue)

GBPUSD: The GBPUSD has a fallen like the EURUSD, and is down testing at 100-day moving average 1.2442 and 200 hour moving average 1.2436. Getting below those levels is needed to increase the bearish.

USDCHF: The USDCHF is moving higher and in the process is moving closer to the ceiling area between 0.9146 and 0.9156. That area has stalled the rallies over the month of a broad. Moreover on breaks, momentum has faded very quickly. So the price needs to get and stay above that level to increase the bullish bias.

USDCAD: The USDCAD is rebounding and in the process is moving above it 100-day moving average, and it’s 100-hour moving average on the 4-hour chart near 1.3682 – 1.3686.. Staying above those levels would give the buyers more confidence. Earlier today, the USDCAD moved to the lowest level since April 10 and below a swing area between 1.3654 and 1.3668.

This article was written by Greg Michalowski at www.forexlive.com.

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The USDCHF made on low on Tuesday against its rising 100 bar moving average on the four hour chart. Today, the low price today also found support against its 100 bar moving average on a four hour chart. That sets the moving average as a key barometer on the downside going forward.

On the topside this week, the highs extended to new highs for the week both on Wednesday and Thursday, but only by a few pips on each break. As a result, there is a swing area ceiling between 0.91469 and 0.91558. Going forward the price would need to get above those levels to increase the bullish bias.

In between sets the 100 and 200-hour moving averages between 0.9117 and 0.9126. The current price is above those levels, giving a tilt to the upside in the short-term technically. Staying above is more bullish.

The above video outlines the key technical levels in play and explains why.

This article was written by Greg Michalowski at www.forexlive.com.

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Гандлёвы робат MoneyMaker FX EA