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Daily Archives: July 26, 2017

FxWirePro: ‘morning star’ pattern formed on USD/JPY daily charts, scope for upside, focus on Federal Open Market Committee meeting

  USD/JPY is trading range bound ahead of the FOMC meeting later today in the US session. We see a ‘Morning Star’ candlestick pattern formed on the daily charts which raises scope for upside. The major is hovering around 200-DMA at 111.93, bias remains neutral to slightly bullish. Stochs are …

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FX/RATES DAYBOOK EUROPE: Aussie Slumps as CPI Misses Estimates, By Chikafumi Hodo

    (Bloomberg) —  Australia’s dollar slumped against most major peers as consumer prices miss estimates and RBA Governor Philip Low reiterated that the central bank doesn’t need to follow other major peers in turning hawkish. TODAY UK GDP France Consumer Confidence NOTE: FOMC releases its policy statement and interest rate decision …

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