MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Global macro overview for 13/02/2017

Global macro overview for 13/02/2017:

The dollar was trading higher against the yen on Monday morning amid relief that a weekend summit meeting between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe went better than expected. In the meeting with Abe, Trump avoided repeating accusations that Tokyo uses monetary policy to devalue its currency to the disadvantage of the US and takes advantage of US security aid. They both also agreed to hold an economic dialogue after Trump canceled the US from the Trans-Pacific Partnership agreement.

Let's now take a look at the USD/JPY technical picture at the 4H time frame. The bulls have managed to break out above the golden trendline resistance, but the rally was capped just below 38%Fibo at the level of 114.28. The market conditions seem to be overbought at this time frame, but the bias is still to the upside. The next resistance is seen at the level of 114.26 and 115.60.

analytics58a17694f3728.jpg

The material has been provided by InstaForex Company - www.instaforex.com