Increased risk appetite weakens the U.S. Dollar, boosts stocks
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Market Updates with analysis by Bulls Capital Markets
USD/JPY:
USD/JPY rejected at 124.07
The US dollar index, measuring the relative strength of the greenback against a basket of six major currencies trades -0.36% lower at fresh session lows of 95.25. Earlier in Asia, the major remained unperturbed by eventless BOJ minutes which echoed the same old tune that the QQE is having its intended effects and the BOJ will adjust policy if needed.
Technical Levels: To the upside, the next resistance is located 124.19 (June 23 High) levels and above which it could extend gains 124.45 (June 16 High) levels. To the downside immediate support might be located at 123.32 (June 23 Low) below that at 123 levels.
XAU/USD: Gold prices in terms of US dollar (XAU/USD) extended losses for the third straight session on Tuesday, dropping to fresh weekly lows at 1176.15 before recovering slightly 1178.72 at close. Gold dropped sharply on the back of strengthening US dollar following solid US housing data and hawkish comments from Fed official Powell urging for a rate hike as early as Sept.
Thursday, 25 Jun, 2015 / 7:05
Source : https://www.bullscapitalmarkets.com/forex-daily-newsletter/free-forex-signals.php
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