Two trades to watch: USD/JPY, Oil

USD/ JPY falls on lower hawkish Fed, Ukraine concerns
. The brace is falling for a alternate straight session.

The twinkles from the rearmost Fed meeting were less hawkish than anticipated, as policy makers favored a measured approach to hiking rates. Request prospects for a 50- base point rate hike cooled, pulling the USD lower.

Independently the Japanese yearning is being boosted by safe haven flows as Russia, Ukraine fears figure.

NATO rebuked Russian claims that it was pulling colors off the border. Unwarranted claims of firing on Russian backed revolutionists added to the threat off tone.

Looking ahead US unemployed claims are anticipated to fall slightly to 219k vs 223k last week.

Japanese affectation is due latterly moment, cast at0.6 YoY, down from0.8.

Where coming for USD/ JPY?
USD/ JPY failed to break below116.35 for a alternate time last week as merchandisers came back by and transferred the price lower. Whilst the retreating bullish bias on the MACD supports farther strike, merchandisers would need to break below themulti-week rising trend line at115.10 the daily low.
A break below this trendline would expose the 50 sma at114.70 and the 100 sma at114.20.

Still, whilst the price remains above the rising trendline, up the near term uptrend remains complete. Buyers could look to115.80 before targeting116.35 and freshmulti-year highs.
Canvas resumes its rise after US-Iran selloff
Canvas prices are on the rise, recovering losses from the former session amid rising fears of a Russian irruption into Ukraine. Questions have been rise over whether Russia is withdrawing colors, with the US saying that figures have increased.

History canvas prices fell sprucely on news that the US and Iran were nearing an agreement to revive the Iran nuclear deal.

If achieved Iranian canvas would return to the request boosting force and pulling the price lower.

Where coming for WTI?
History’s sell off in canvas saw the price dip below the 100 sma on the 4 hour map at88.50. Buyersre-entered at this position lifting the price back over the 100 and the 50 sma.

The long lower wicks on the most recent candles suggest that buyers are dominating pushing the price higher. Still the RSI is giving away many suggestions at 50.
For the buyers a move back over982.50 could be significant, before93.50.

For merchandisers a move below the 100 sma at90.50 could open the door to the 100 sma at89.30. A move below88.50 could see merchandisers gain traction

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