EUR/JPY Price Analysis: Upside momentum looks unchanged.

EUR/JPY comes under pressure after printing new cycle highs.

Further up aligns the December 2014 top at 149.78.EUR/JPY returns to the negative territory after six consecutive sessions closing with gains.

Considering the current price action in the cross, the door still looks open to extra upside. That said, the immediate target now emerges at the December 2014 peak at 149.78 (December 8).In the short term the upside momentum is expected to persist while above the October lows near 141.00.

In the longer run, while above the key 200-day SMA at 136.68, the constructive outlook for the cross should remain unchanged.

EUR/USD remains pressured towards 0.9800 after mixed EU inflation

EUR/USD remains on the back foot amid cautious optimism and the resurgent US dollar. Hawkish ECB expectations fail to lure EUR buyers amid surging US Treasury yields. Eurozone Sept final inflation was revised down slightly to 9.9% YoY. US data, Fedspeak awaited. 


GBP/USD slides below 1.1300 on hot UK inflation, USD rebound

GBP/USD is accelerating a decline below 1.1300 on a hotter UK inflation release. The UK CPI data puts the BOE in a tough spot following the government’s fiscal and political fiasco. A mixed market mood and the US dollar rebound are weighing on the pair.


Gold seems vulnerable near multi-week low amid rate hike jitters

Gold comes under some renewed selling pressure on Wednesday and drops to a three-week low during the early European session. The XAU/USD is currently trading just above the $1,640 level and is pressured by a combination of factors.

Gold News 

global liquidity crunch?

BTC is heavily influenced by liquidity conditions. The global liquidity crunch has impacted Bitcoin price in a major way and, as a result, analysts are presenting a bearish outlook for BTC.

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