Forex Morning Briefing
$DXY, $EUR, $JPY, $GBP, $AUD
Commentary: USD fails to gain traction despite positive signs of inflation. PE
USD/JPY at 112.82 did not break below 112 Friday and may try to test at 113.00-50 on the bounce
EUR/JPY at 136.22 rose past resistance at 135.70 Friday. This opens up chances of a rise to 1.38, after the long sideways consolidation between 132-134.
Sterling (GBP) at 1.3562 trades higher and may well rise past 1.36 in here.
AUD (Aussie) at 0.7852) seems to be breaking above the 200-wk MA, and may rise to 0.80.
Have a terrific week.
Latest posts by Paul Ebeling (see all)
- Commentary: Paul Ebeling on Wall Street - December 10, 2018
- Gold Up, USD Down, Stocks Falling + Commodities - December 10, 2018
- Jay Leno Narrates an Amazing Ferrari (NYSE:RACE) Story - December 10, 2018