JPY Weakness Pushes USD/JPY Back Toward 113: SW Report

Key Highlights: JPY weakness keeps USD/JPY near 113, advances held back due to October 22 election AUD fell by 0.5% after the RBA emphasized displeasure with a higher exchange rate EUR holds technical support ahead of ECB minutes release on Thursday IGCS Highlight: Rise in GBP/JPY short positions favor resumption of SW uptrend Strong Weak […]

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Mixed December US Jobs Report Gives Few New Reasons for USD Bulls

Talking Points: – Job growth came in just below expectations, still strong enough to not disrupt the overarching trend. – The unemployment and undermployment rates fell on weaker labor force participation. –EUR/USD whipsawed between 1.0625 and 1.0672. Jobs growth in the United States in November remained solid at +178K, albeit slightly below expectations of +180K, […]