USD/NOK extending scope of projections

USD/NOK has just crossed below the 200 SMA on an hourly chart.

For traders inclined to nibble on short trades, the cooling USD/NOK price now eyes the 800 SMA, which corresponds to the reading of the 200 SMA on 4H charts. The last such price-indicator cross has occurred at least over a week ago on this time frame, accentuating its significance.

Nov 23, 2015

USD/JPY capped below 123.00, Japan on holidays

USD/JPY is developing its early activity in a slow motion, trapped in a 122.85-95 range since the electronic trading openm with prospects of a pick up in volatility during the Asian session quite slim, given the public holidays in Japan today.

Week ahead: Short US week, still plenty of data - Nomura

David Fritz, FX Strategist at Nomura, provides a preview of this Week’s headline events, in which we will see a short US week, although still with plent of data to be published, including the second estimate of Q3 GDP in the US.