USD/MYR Analysis: Slight Move Lower in Thinly Traded Holiday Markets
The USD/MYR has managed to see some lower trading and is near the 4.4700 ratio at the time of this writing, this as volumes remain extremely low as holiday markets demonstrate quiet and caution.
USD/JPY Analysis: Eyes on Japanese Intervention Levels
USD/JPY remains bullish near 157.20, with traders targeting 160.00 as yen weakness deepens due to BoJ caution and US dollar momentum.
EUR/USD Analysis: Stability of Bearish Trend
EUR/USD continues its bearish trend, stabilizing near 1.0400 support with parity in sight, fueled by US dollar strength and Eurozone economic challenges.
USD/SGD Analysis: Highs Challenged and Await Speculative FX Decisions
Trading volume will remain very low in the USD/SGD today, but Asian banking is working which is allowing for some movement in the currency as it traverses near long-term resistance.
GBP/USD Analysis: Selling Opportunities Remain Strong
GBP/USD remains under bearish pressure below 1.2500, with UK economic stagnation and strong US dollar fundamentals targeting support at 1.2460 and 1.2350.
Gold Analysis: Gold Rises Post-Holiday
Gold prices rise post-holiday, driven by geopolitical tensions and inflation fears, with bulls targeting $2,700 as the year-end rally continues.
