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Technical Outlook

EURJPY hits new record high

EURJPY continues to trend higher and extends steep upleg into sixth straight day, to hit new record high above 171 mark in early Monday trading. Bulls firmly hold grip despite overbought conditions and signals from Japan’s authorities about the intervention to support falling yen, which came under increased pressure after dovish BoJ’s stance in…
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WTI OIL – rising demand and geopolitical tensions continue to inflate price, but minor correction cannot be ruled out

WTI oil price hits new seven-week high on Friday, keeping firm tone and on course for the second consecutive weekly gain. Improving demand was signaled by fall in the US fuel inventories, as summer driving season in the world’s biggest oil consumer starts, while growing tensions in the Middle East revive supply fears, with both factors inflating…
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