Trading news

Expert's opinion from FXFinPro

The Japanese yen may resume decline

The price of the Japanese yen strengthened against the background of a sharp fall in the stock markets of China and the rising tensions in the Middle East due to the breaking of diplomatic relations between Saudi Arabia and Iran. This fact increases the interest in the defensive assets, but it is worth noting that similar situations have traditionally a short-term influence on the course of trading and, according to our estimates, the strengthening of the US dollar and the loose monetary policy of the Bank of Japan will lead to a resumption of growth of the price of USD/JPY with the targets at 121.50, 122.30 and 123.60. Our medium-term outlook for the Japanese yen remains negative and we recommend accumulating long positions.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Tuesday, 05 Jan, 2016 / 1:42

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

A fair price for aluminum

The aluminum market has been bearish for almost a year. The maximum was last [...]

Posted on Tuesday, 23 Apr, 2019 / 2:08 under

AETOS Market Commentary 23/04/2019

  EURUSD The Euro closed higher on Monday, closing at 1.1259(+15 pips) [...]

Posted on Tuesday, 23 Apr, 2019 / 8:23 under

US Ends Waivers on Iranian Oil, Spotlight Turns to Australia’s CPIs

Oil prices surged yesterday, following reports that the US was ready to end [...]

Posted on Tuesday, 23 Apr, 2019 / 7:53 under