FX

EUR/JPY remains well under pressure around 129.00. Next on the downside emerges the 2022 low at 127.90. EUR/JPY extends the weekly bearishness and revisits the 128.70 region, where some initial contention has emerged so far. Further losses in EUR/JPY remains well in the pipeline in light of the recent price action and following the risk
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EUR/USD remains offered for a second consecutive day, renews intraday low of late. Bear cross joins downbeat RSI to direct sellers towards three-week-old support line. Corrective pullback needs validation from a fortnight-long trend line resistance. EUR/USD takes offers to refresh intraday low around 1.1297, down 0.08% on a day during the second consecutive daily fall.
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Gold extended its rally for two consecutive days and gained 0.60% in the week. Heightened tensions in the Ukraine/Russian conflict increased the appetite for the safe-haven metal. XAU/USD Technical Outlook: Upward biased, helped by market sentiment. If the conflict escalates, the $2,000 mark is on the cards. Tensions in the Ukraine/Russia region alongside Russia’s President
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In opinion of Quek Ser Leang at UOB Group’s Global Economics & Markets Research, USD/IDR should remain side-lined within the 14,270-14,380 range for the time being. Key Quotes “The sharp drop in USD/IDR to 14,240 and the subsequent swift rebound came as a surprise (we were expecting USD/IDR to trade sideways).” “The rapid swings have
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The GBP/JPY is down in the week, 0.02% amongst a risk aversion environment. Russia/Ukraine news headlines dominate the trading session, safe-haven peers advance. GBP/JPY Weekly Outlook: From a weekly chart, it faces a wall of resistance around 158.00. GBP/JPY Daily Outlook: Neutral-upwards above 155.30, otherwise neutral. The GBP/JPY eyes to end the week flat in
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