Eur/Jpy

[Khuram07]

News) - Gran Colombia Gold Corp. (TSX: GCM) is reporting a nearly 17% drop in production in the second quarter compared to 2019 as the global COVID-19 pandemic continues to impact mining operations around the world.

In a press release Friday, the Colombian gold miner said that for the second quarter of 2020 it produced a total of 48,228 ounces of gold compared with 57,882 ounces in the second quarter of 2019.

For the first half of 2020, it produced a total of 104,475 ounces of gold compared with 118,483 ounces in the first half of last year, the company added.

[Hassinali]

Euro Rally Gathers Pace Ahead of July ECB Meeting

The Euro has emerged as the best performing major currency thus far through July, rekindling the bullish momentum that was present during late-May and early-June. While there has not been significant movement on the fiscal policy front – key meetings are set to take place on Friday and Saturday this week to (hopefully) finalize plans for a pan-European economic stimulus fund, a key step towards fiscal union – traders are proving more optimistic on the Euro as the region prepares to re-open ahead of North America, in particular, the United States.

Progress Towards Stability, Thanks to the ECB?

While the monetary policy front has been quiet as well – the July ECB meeting this coming Thursday promises little by way of fireworks – it is perhaps the ECB’s lack of significant support in context of its own historical performance – former ECB President Mario Draghi’s “whatever it takes” moment in July 2012 comes to mind – that has help pave way for the stability that the Euro is enjoying today.

Consider this. One of the running themes since The Great Recession has been that G10 central banks have been ‘the only game in town,’ in the words of Mohammed El-Erian. Because central banks have been so aggressive with their easing measures, the onus has been removed from fiscal policymakers to legislate long-term solutions to systemic economic woes. So while Draghi’s “whatever it takes” moment was good for the Euro in the short-term, staving off ruin, it ultimately removed pressure from politicians to reform their economies.

As paradoxical as it may sound, current ECB President Christine Lagarde’s comment that “we’re not here to narrow spreads” – a suggestion that it wasn’t the ECB’s job to reduce sovereign credit risk in the periphery relative to the core – may have been one of the sparks that ignited Germany and other core countries to embrace jointly-issued debt.

The ECB does not need to do much this week to keep investors’ heads cool regarding the economic recovery from the coronavirus pandemic. In fact, it may be argued that even just a marginally supportive ECB will be seen as enhancing the efforts made by policymakers, clearing the path for more Euro strength over a longer-term horizon.

EUR/USD RATE TECHNICAL ANALYSIS: DAILY CHART (June 2019 to July 2020) (CHART 1)

[Lovedosse]

EUR/JPY chart - Trading View

EUR/JPY was trading 0.19% higher on the day at 122.29 at around 10:20 GMT.

The pair is holding above 122 handle and technical indicators show scope for further upside.

Retrace from multi-month highs above 124 handle has bounced off 200-DMA support.
Price action has edged above weekly cloud and decisive close above will add to the upside bias.
Next immediate hurdle lies at 123.22 (38.2% Fib retracement of Jan 2018 high (137.506) and May 2020 low (114.397). Break above 38.2% Fib finds little resistance till 200W SMA at 124.66.
On the flipside, 21-EMA is immediate support at 121.26. Break below finds next major support at daily cloud (120.67). Bullish invalidation below 200-DMA

[Arshad170]

Today market trand is sell....
Support points and resistance
market ke nechay janey k haq main hain
Sell ki trade profit de gi
Indicators ko follow karte hoye aur
apni samjh soch ke sath trading
Kren. Ta k ap zyda earning hasal kr saken or agar
ap market ko achi terha samjay bagher trade kren
ge to nuqsan uthana paray ga. Best of luck....

[Shahnawaz148]

Forex Trading ek tarah se exchang currency hota hai. iske andar**foreign currency me business hota hai.*
forex market 1875 ke aas paas *start hua tha aur 1944 me sabhi country ne milkar ek naya rule banaya aur uss rule ke anusaar U.S.A.*
ki dollor currency ko depending Money ke roop mr rakha gaya.**aur*Time to time isme aur bhi bahut se changing hone lag *aur 1990 me Forex Trading aaj upyog hone wale bada electronic market start hua. aur apko bta de ki*Forex Trading ka profit us currency kr market rate par depand karta hai *aap jis *currency me*
Forex Trading karte hai aur aap *currency par trade karte hai aur uss ka price jab international market me kam yaa phir jyada hota hai to uske hisab se apko profit *yaa phir loss hota hai.

[IUB]

eurjpy pair just bounced from its support 114..
i think now its time for this pair to go up..it can be bought from here till 117..
thsi pair is not showing too much move..but for now its signals are suggesting for this much only

[Abubakar 148]

Look for a fresh medium-term higher low to carve out around 110.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 110.00 concerns

[Nisar12]

Successful investing takes time and patience the market is a device for transfering from impatient to the patient
Today markit is going on down position u can sell if u like to gain profit then sell and gain profit but if u lost then try again qnd again but dnt loose hope
Best of luck

[Dildar605]

Today market analysis
You will earn more money if you will follow my views,because I have posted this after checking the previous routine oaf daily time frame of H1,H4 clearly. some traders use fundamental analysis, other use indicators or supports and residences , believe on your own strategy.
This is very risky investment. According to my limited knowledge the investors should wait and see the every aspects of the market. The investor checks the actual worth of the stock in the market.

[Ahmed148]

Trading is a great way to make money .but slow down it is not easy as u are thinking.it always takes time.u have to know that only few people succeed in it.in trading everything works sometimes and nothing works always .stop doing what is harming u from inside and your result will get better.it is mathematical certainty