EUR/JPY reaches 1-year high

FXStreet The EUR/JPY is to 124,53 increased, what is the highest level in a year. Was driven by the decline of the Japanese Yen in the market, and although EUR/USD fell below 1,0900. • Yen remains behind the Rest of the G10 currencies, the mood seems to dominate EUR continues rally after a short-lived correction […]

Fed’s kocherlakota: drop in the U.S. unemployment rate of below 4% indicates an Overheating of the economy, interest rates need to be increased

FXStreet – Boston Fed President Eric Rosengren said that the current unemployment rate of 4.4% is already below 4.7%, which, in his view, a “natural employment”. Important quotes on Reuters: • Decline in the US unemployment rate below 4% indicates an Overheating of the economy, interest rates need to be increased• the unemployment rate of […]

USD/HUF short-term extremely overbought

The RSI in the 4-hour chart has fluctuated in the last 3 weeks most of the time below the 50% mark, and only recently, he climbed over the 60% mark. The USD/HUF was in the descent of the 50SMA it was in the 4-hour chart below the 200SMA until the slide were averages not more […]

Medium term buyer in USD/HUF Momentum

MACD on the 4-hour chart of the USD/HUF rises above its zero line and generates a buy-signal. With the increase over the zero line, what happened the last Time a week ago, the MACD is positive Momentum. Momentum traders, which have just been waiting for such a Signal, could try to open new long positions […]

EUR may on positive data react: bullish in the EUR – Nomura

FXStreet – The Nomura analysts agree that the ECB’s chief economist Peter Praet last week said that the ECB’s Guidance “data dependent”. Important Quotes: “As a result, we expect that the EUR economy will react to data that is sensitive, while the political uncertainty decreases. We expect a further improvement in the Euro zone economic […]