Investment Portfolio

Gain: 

Pulse Wallet

Gain: 

REA Learn Copy

Gain: 

Quick Tools:

Forex Today: Stocks and commodities down sharply, yen up

Forex Today: Stocks and commodities down sharply, yen up

Several global stock market indices have seen unusually strong downward movements in recent days, particularly in Asia.

➡️ Stock markets have made bearish corrections unusually strong over the course of the day just gone, led lower by key Asian markets, although major US indices also suffered a sharp sell-off yesterday. The Nikkei 225 index It stands out because it closed down more than 4% on the day, which is an unusually strong move. Some major indices have been trading close to their all-time highs, but this is a bearish signal that a deeper correction in stock markets may be underway.

➡️ In the Forex market, the Japanese yen is again the strongest major currency since the opening of Tokyo today, while the Australian dollar is again the weakest, highlighting the AUD/JPY currency pair . The EUR/USD currency pair remains in focus as trend traders will still be interested in being long on this currency pair above $1.1035. Also the USD/JPY currency pair is in a solid long-term downtrend, with many analysts believing that the yen will strengthen further in the coming months as the Bank of Japan continues to move away from its old ultra-loose monetary policy. The USD/JPY pair has started to fall again firmly and was trading below ¥145 during today's Tokyo session.

➡️ Most commodities fell sharply yesterday. Crude oil It stands out because it has dropped very sharply over the course of the day just passed, to trade at a new 8-month low price.

➡️ Swiss consumer price index (CPI) data released yesterday was lower than expected, recording no changes on a monthly basis, despite broad forecasts of a 0.1% increase.

➡️ Australian GDP data released today showed a monthly increase of 0.21TP3Q, as expected.

➡️ Yesterday's ISM manufacturing data for the US came in slightly weaker than expected.

 

Credit by DailyForex.com

en_USEN

Investment Portfolio

Copy strategies

Find out how our strategies copy works. You can copy our strategies without costs and without risk with a demo account, and with a real account in exchange for a profit-share.

REA TradeKit

Access Advanced Tools and Strategies.

14 day money back guarantee.

Free Resources

Mentoring 1 to 1

Reavolution's 1-to-1 mentorships allow you to learn our strategies directly from our trainers.

Main Categories

Forex Calculators

Commercial Lotto Calculator

Leverage and Margin Calculator

Drawdown Calculator

Compound Interest Calculator

Pips Value Calculator in Euros

Economic Calendar