FOREX NEWS

CAD/JPY was the biggest FX mover this week – ForexLive


NZD was also strong

The yen was the top performer this week while the kiwi lagged. On its face, that fits in nicely with the ‘risk off’ theme but the old risk on/off paradigm hasn’t applied for a long time. Neck-and-neck with the yen as the top performer was the New Zealand dollar.

Taking a look at CAD/JPY, there isn’t much in the weekly chart. It was the second week of declines but it’s still comfortably within the range since June.

Do note that the pair failed twice at 82.00 and that points to a downside bias.

CADJPY

For bank trade ideas, check out eFX Plus

Let’s block ads! (Why?)


Scalping Strategy Course (DVD + Online) - $299.00

In the much anticipated Forex Scalping Strategy Course, Vic and Sarid show you short-term focused techniques and strategies to make quicker profits while reducing market exposure.




Forexmentor Coach's Corner First Month (Online) - $149.00

The Coach's Corner offers 2 live sessions per week, an integrated approach to trading, FREE access to the VicTrade video course and Darko's Pattern Trading Video Lessons.



Source link

Have your say