Pepperstone

Pepperstone Broker

USDJPY started the week with a 1.3% fall on Monday, where it fell from opening levels around its weekly highs at 143.88, to a low at 141.92 and has since stayed relatively quiet. However, that could all change as we move through towards Friday, as FX markets move into a 3-day period packed with important scheduled events. Risk sentiment towards US assets, and...

Pepperstone Broker

The upside recovery in the US 500 index continued last week, adding nearly 5% to close at 5523 on Friday, a 1 month high, as weak short positions continued to be squeezed out by a combination of factors, including signs that US/China trade relations may be starting to thaw out, President Trump pulling back on his initial commentary challenging Federal Reserve...

Pepperstone Broker

Even by recent standards, the price action seen in Gold this week so far has been extreme. For those that may not have seen it all, here we go. Gold opened at 3331 on Monday, traded to a new all time high of 3500 on Tuesday, then dropped all the way back down to 3260 on Wednesday before recovering again to current levels around 3330. A round trip of circa...

Pepperstone Broker

GBPUSD traded to an 8-month high on Tuesday at 1.3424, as a new wave of dollar selling swept across FX markets at the start of the week. This time driven by fresh uncertainty surrounding US economic growth and by a barrage of social media comments across the Easter Holiday period from President Trump that seemed to challenge the independence of the Federal...

Pepperstone Broker

As European traders return from their extended Easter break they turn on their screens to find US assets back under pressure. The US 100 index dropped 2.2% yesterday to close at 17779, which included a late rally from a mid session low at 17570. These moves are potentially reflecting a growing unease around numerous important issues, including, a lack of...

Pepperstone Broker

The pullback seen in EURUSD at the start of this week, which resulted in a low of 1.1264 being registered on Tuesday may have been a natural reaction to the spike from 1.0943 on Thursday 10th April, up to 1.1473 on Friday 11th April. A quick and relentless rally (low to high) of 4.8% that caught many by surprise. Now, against the backdrop of fresh dollar selling...