Intraday Analysis – USD recovers lost ground
EURUSD goes into correction The US dollar soared after January’s jobs report far exceeded estimates. The pair came to a halt in the supply zone around 1.1000 from last April’s sell-off. A drop below the bullish engulfing candle at 1.0890 was already a sign of weakness with the euro struggling to hold […]
USD/JPY recovers – BOJ loaning funds, 1 tln yen
USD/JPY has rallied on news from the Bank of Japan Financial Markets Department that said all offices offered to loan 1 trillion yen through an auction in an agreement starting on January 24 that’ll end on January 24 also. FX moves have been exacerbated by thin liquidity conditions in the region today with China, Singapore […]