No problem — we will send you a password reset link to your registered email
Still no joy? Contact us
Thanks — all done!
Please check your inbox and follow
the instructions
Still no joy? Contact us
... and now a few questions so we can create your bespoke configuration
(we will email it to you)
You can answer the questionnaire later, or choose the default TradeRadius profile if you prefer
live commentary Post
USD/JPY: Rising bets for a breakout of 139.00 – UOB
By TradeRadius | Wed, 24 May 2023 09:31:45 UTC
Further buying interest could lift USD/JPY above the 139.00 region in the next few weeks, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.
Key Quotes
24-hour view: “Yesterday, we indicated that USD could advance further but ‘it remains to be seen if it has enough momentum to break clearly above 139.00 today’. Our view was not wrong as USD rose briefly to 138.90 and then eased off to close little changed at 138.58 (0.01%). The price actions are likely part of a consolidation phase and today, we expect USD to trade between 138.00 and 138.90.”
Next 1-3 weeks: “Our update from yesterday (23 May, spot at 138.) still stands. As highlighted, short-term upward momentum appears to be building again and the odds of USD breaking clearly above 139.00 have increased. The next level to focus on is 139.60. On the downside, a breach of 137.55 (‘strong support’ previously at 137.30) would indicate that the USD strength that started early last week has ended.”
Partners News
Team USA push for first gold medals as Olympic Games kick off
21m ago / 8:45 AM UTC Freddie Clayton For those who caught last night’s opening ceremony, you may have noticed the torrential rain pouring down on Paris. And due to the adverse weather, organizers have pushed back the men’s street skateboarding event originally scheduled to start this morn...
By TradeRadius | 11 Minutes Ago
High housing costs hitting record highs, Harvard University report says
Economists predict mortgage rates will remain elevated for the rest of the year and will only begin to fall once the Federal Reserve starts cutting rates. The high cost of housing is making it hard for many Americans to make ends meet, and monthly rents are rising faster than wages, according t...
By TradeRadius | 1 Hours Ago
Custom duty reduction impact: How gold prices may perform in near future
Government has slashed customs duties on gold and silver by 6 percent. The basic customs duty has been reduced to 5 percent from 10 percent, and the Agriculture Infrastructure and Development Cess lowered to 1 percent from 5 percent. This decision will effectively bring down the overall taxes...
By TradeRadius | 1 Hours Ago
Job losses, protests present difficulties for Chinese Communist Party
Job losses and wage cuts from China's economic downturn are hitting key industries, according to the South China Morning Post, and analysts say the situation could lead to political difficulties for the ruling Chinese Communist Party (CCP).
By TradeRadius | 2 Hours Ago
Kamala Harris campaign looks for ‘reset’ with crypto companies
Vice-president’s team aims to improve relations after industry criticism of the Biden administration
By TradeRadius | 2 Hours Ago
Mirae Asset Mutual Fund withdraws temporary suspension in large & mid cap fund
Since the initial restriction in November 2020, which limited SIP investments to Rs 2,500 monthly (later increased to Rs 25,000 in October 2023), Indian equities have experienced substantial growth. The Nifty 50 Total Return Index (TRI) and Nifty Midcap 150 TRI have risen by approximately 1.2...
By TradeRadius | 2 Hours Ago
How equity mutual funds have performed after the Budget?
Two small cap funds - Tata Small Cap Fund and LIC MF Small Cap Fund - offered 3.38% and 3.36% returns respectively in the last week. SBI Consumption Opportunities Fund delivered 3.17% return in the similar time frame.
By TradeRadius | 2 Hours Ago
IPO Calendar: 8 IPOs, 11 listings investors need to watch out for next week
Apart from the above, the Street will see as many as 11 listings, all of which will debut on the SME platforms of respective exchanges. "Both domestic and global investors are showing significant interest in the Indian stock market, making it an attractive destination for investment. This...
By TradeRadius | 2 Hours Ago
US reveals security concerns around TikTok and ByteDance
Department of Justice alleges sensitive American user data was stored in China
By TradeRadius | 3 Hours Ago
Nifty Alpha Low - Volatility 30 ETF: A suitable pick for all investors
The portfolio largely comprises of large-cap companies which are often well-established and have a track record of success, making them less volatile than smaller companies. Additionally, large-cap stocks tend to weather economic downturns better than smaller companies, providing a level of...
By TradeRadius | 3 Hours Ago
Subscribe to get news