USDJPY bulls to withdraw as the pair retraces
Aussie dollar at 0.9000 against the greenback, not seen since March
Cable trades below 1.627 ahead of the Scottish Independence vote on Thursday.
Euro likely to be heading to weekly support not seen since June 2013
Gold continues to fall due to positive outlook on the future of the U.S dollar and the easing of tensions in the Ukraine – Russia fracas.
It seems that the Australian dollar is going to end its weekly bearish stronghold as it falls towards closest support at 0.903 last seen in March 2014.
The U.S unemployment claims figures did not shift the focus away from selling off the USD for traders who have bought earlier. EURUSD stays within the range.
Cable has eased off its drop and looks to cover the price gap at 1.6300
USD/JPY hitting September 2008 highs . The bullish USD continues to push USD/JPY past the resistance of 106.4 and braking the 107 levels.
Oil likely retest of the downward sloping trend line for the third time may give rise to selling opportunities.
The biggest US based multi-asset broker dealer FXCM sees 14% MoM retail volume rise, meanwhile institutional volume sees 2% decline over July.
The UK Regulatory Watchdog further alerts that Carrington Group LLC is not authorized under the Financial Services and Markets Act 200 (FSMA) to perform regulated financial services activities in The UK.