Forex Signal: USD/JPY Faces Heavy Downside

Global Market Briefs

• Gold Prices Surge From Early Lows
  July 20th 12:11 UTC || Forex Playmaker

  Gold contracts have surged off their session lows, as traders look for a partial hedge amid aversion to risk. Gold is last priced at $1,191.25 per ounce, gaining more than $15 from the session lows near $1,175. Share this article: Related Articles Merrill Lynch: USD/JPY to Test 14-Year Low BNP Paribas: USD/JPY Heading to 84.95 George Soros: Too Early...

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• Equities Markets Remain Off Session Lows
  July 20th 12:08 UTC || Forex Playmaker

  Despite earnings misses by Goldman Sachs, Texas Instruments and IBM, equities markets remain well off their session lows, though still lower across the board. The Dow and Nasdaq are each lower by over 0.70% while the S&P 500 is lower by 0.50%. Share this article: Related Articles Merrill Lynch: USD/JPY to Test 14-Year Low BNP Paribas: USD/JPY Heading...

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• Equities Markets Slightly Higher On Weak Trade
  July 19th 11:23 UTC || Forex Playmaker

  Equities markets are slightly higher at this hour, following Friday’s violent selloff of riskier assets. The Dow, S&P 500 and Nasdaq are each higher by around 0.20% after briefly flirting with negative territory earlier in the session. Share this article: Related Articles Merrill Lynch: USD/JPY to Test 14-Year Low BNP Paribas: USD/JPY Heading...

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• Crude Oil Dips Below $75; Support Nearby
  July 12th 16:29 UTC || Forex Playmaker

  Crude oil is trading below the $75 per barrel mark at this hour, last priced at $74.80. Upcoming support at $74.39 will be key if further rallies are to follow in the short-term. Upward resistance will be found near $76.50. Share this article: Related Articles Merrill Lynch: USD/JPY to Test 14-Year Low BNP Paribas: USD/JPY Heading to 84.95 George Soros:...

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• US Equities Slightly Lower
  July 12th 12:01 UTC || Forex Playmaker

  The major US indexes are slightly lower at this hour, as investors take profits from the recent run up in share prices. The Dow is lower by 0.26% while the S&P 500 and Nasdaq are each lower by by better than 0.40%. Share this article: Related Articles Merrill Lynch: USD/JPY to Test 14-Year Low BNP Paribas: USD/JPY Heading to 84.95 George Soros: Too...

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