Frenzy Friday for EUR, USD, JPY, GBP and Aussie, following a churning Thursday as GOP’s tax plan was closely eyed by investors. USDJPY The financial markets were sensitive yesterday to the US policymakers’ decision regarding the new tax bill. The plan put forth by the Republicans was to implement a 20% cut on corporate tax
The week starts with the Yen in focus and the ranging EURUSD. Following the BOJ Governor Haruhiko Kuroda’s speech early Monday morning, the Yen stays offered. The Bank of Japan (BOJ)’s leader’s comments regarding the country’s economic growth were generally perceived as dovish by market participants today. This has contributed to USDJPY trimming gains. Speaking
In the spotlight today we have AUDUSD,USDJPY, China and Asian stocks reacting to the world’s second largest economy publicising key data on its 3rd quarter GDP and industrial output. AUDUSD hit a high of 0.78579 in yesterday’s trading, closing at 0.78424. The pair went up by roughly 0.66%, with the Aussie gaining momentum after jobs