NEW YORK (Reuters) - Global equity markets rallied on Monday to lift a gauge of world stock indexes to a fresh peak ... the dollar EUR= and nearly 2 percent higher against the yen EURJPY=. There was also an unwinding of safe-haven trades.
Leading indicators dropped for the second month in a row, as stock prices plunge and unemployment rises ... of US growth – not many people realize that the price action of EUR/JPY is directly correlated with how the US economy is faring.
The euro was also lower against the stronger yen, with EUR/JPY down 0.21% at 132.09. The U.S. dollar index, which measures the greenback’s strength against …
We then looked at EUR/JPY, which has recently broken above the resistance that had helped to define that previous megaphone pattern. Current resistance is showing at a key level, 132.05 is the 50% retracement of the 2008-2012 …
The EURJPY pair moved in a descending price channel on its 1-hour chart. As long as the price is in the channel, the bounce from 129.36 could be treated as consolidation of the downtrend from 131.70 and further decline towards 127.56 …
Short term EURJPY Elliott Wave view suggests the decline to 122.35 on 6/15 low ended Intermediate wave (X). Rally from there is unfolding as an impulse Elliott Wave structure with extension. This 5 wave move could be Minor wave A of an …
EUR/JPY hit 105.00 during European afternoon trade, the daily high; the pair subsequently consolidated at 104.82, gaining 0.37%. The pair was likely to find support at 103.66, the low of November 22 and resistance at 105.69, the high of …