The Japanese yen gained amid the overall risk-off sentiment on the market. Let’s discuss the details.
Tag - jpy - japanese yen
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Markets gear up for Tesla and Apple whose stocks will split on Monday, but investors still keep their eye on COVID-19 developments. Here's a technical analysis of AUD/USD, USD/CAD and USD/JPY.
The number of Americans applying for initial unemployment benefits came in at a larger-than-forecast 870,000 last week, signaling that the recovery in the labor market is losing momentum as the coronavirus pandemic lingers and layoffs continue apace.
The GBP is likely to move upward until it reaches the resistance of 1.2795.
Initial US jobless claims totaled just over 1 million for the week ending Aug. 22 down from 1.104 million in the previous week.
Asian stocks began the week mostly higher as the region picked up the baton from last Friday’s tech-driven momentum on Wall Street.
The number of Americans applying for initial unemployment benefits unexpectedly increased to 898,000 last week, its highest since late August, compounding fears that the recovery in the labor market is stalling
The formation of the descending triangle pattern indicates further falling of USD/JPY!
The vaccine news helped the risk-friendly Australian dollar, which climbed to a one-week high against its US counterpart.
US stock markets tumbled at the opening on Thursday as the Federal Reserve's warnings about a slow recovery from the pandemic.
Ichimoku Kinko Hyo EUR/JPY: The pair is trading below the cloud…