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The nation is usually considered one of the most innovative in the world, and with the recent rise of Chinese and South Korean manufacturing Japan has begun to focus on high-tech and precision goods. If it's compelling enough, the asset will continue to rise until the supply of fools is exhausted. For instance, retail forex leverage provision was reduced to It started last year in Canada with some producers rising 10x in a few months. There are some chinks in the GBPs bullish armor.

Latest JPY market news, analysis and Japanese Yen trading forecast from leading DailyFX experts and research team.

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It's possible that someone had it an hour earlier and it would explain the drop then. Drilling picks back up but has stalled for a few months. NPR reports that Manafort's cooperation agreement with the special counsel does not include matters involving the Trump campaign.

The person asked not to be identified," NPR reports. That vastly diminishes the political risk for Trump. It makes sense, seeing as he would want a much better deal if he was going to sell out the President. His best chance at freedom any time soon is still a pardon. The euro is at the lows of the day, down 60 pips to 1.

There aren't any new headlines behind the drop. It's not yet clear how much cooperation he will be doing, or what he knows. He's certainly not getting a sweetheart deal. He's already been found guilty to counts that will lead to several years in jail and with this plea he will get more jailtime and has agreed to forfeit four bank accounts and give up all his property.

However on the Trump file, it's all about Trump about to put tariffs on China. More supply in landlocked Alberta without any means to get it to market has resulted in a massive discount but it's approaching crisis levels at the moment. If only there were some kind of safe, extremely efficient way to get oil to tidewater. Even with today's bounce, the move is modest in the weekly perspective. Taking a look at the daily chart, the bounce is modest and that will keep the pressure on the downside.

Title text for next article. Join our Telegram group. Get the ForexLive Newsletter. The greater the story, the greater the bubble. Fri 14 Sep The greater fool theory explains almost every bubble Some things have an intrinsic value. This is all called the greater fool theory. The problem is that eventually you run out of people. How do you trade a bubble? Instead, you are simply evaluating what other people think.

View Full Article with Comments 2. ForexLive Americas FX news wrap: US retail sales miss but trade worries rise Forex news for North American trade on September 14, GBP shorts remain the largest spec position Markets: Have a great weekend. Forex news for North American trade on September 14, Asset 24 View More. The US major indices close with mixed results.

Up on the week. Nasdaq leads the gains for the week The major US indices are ending the day with modest gains. The high for the day reached The low extended to The high reached For the week, the major indices are ending the week with gains.

The Nasdaq led the major indices in the US with at 1. The Dow was the laggard but still rose 0. GBP shorts remain the largest spec position. Commitment of traders report for the week ending Sept 11, NZD short 23K vs 25K short last week. EUR longs increased but still a relatively small position. It remains the only currency that is long GBP shorts trimmed by 9K, but position remains the largest of the major currencies.

The GBP was the strongest currency this week. So the shorts are feeling some pain. CHF shorts were also trimmed in the current week by 5K. Trump has been clear will take action on China White House statement cited by Reuters The White House says the President has been clear that he and his administration will continued to take action to address China's unfair trade practices.

Trump has been clear will take action on China Adam Button. White House statement cited by Reuters The White House says the President has been clear that he and his administration will continued to take action to address China's unfair trade practices.

What major currencies were the strongest and weakest this week? The GBP was the strongest. The JPY was the weakest. The trading week is coming to an end, and that means it is time to crown the strongest and weakest of the major currencies. The most positive number is the strongest.

The most negative is the weakest. There is no weighting. The strongest currency this week was the GBP. The main catalyst was more positive chatter on a Brexit solution.

The weakest is the JPY. After a correction on Wednesday, the price raced higher on Thursday, largely influenced by more favorable Brexit hopes, and the break of the day MA at The price also moved above a topside trend line and Today, the price stalled near that broken trend line and Although the price is lower today, staying above those technical levels keeps the buyers more in control.

That trend line and retracement will be key for the bias next week. Stay above is more bullish. Move below and the gains from the week, may give up more of the gains. She will immediately have a vote at the Nov and December meetings then won't vote again until The contract is also up on the week. The price action was up and down today see hourly chart above. The price is settling between those levels. The "market" is unsure of the next move PS the high this week stalled just before the September 4th high.

This week, hurricane Florence was an influence rightly or wrongly. Also weekly inventory showed another sharp drawdown. The anticipation of Florence and inventory data sent the price higher. As the storm seemed to lose some steam and maybe the disruptions from the storm became less of an idea for traders , the price fell back down.

Next week, traders will looking for the run away from the MAs to give technical bias clues for the contract. Pair stalled at the topside trend line earlier in the day The GBPUSD tested a topside trend line earlier in the day and stalled against that trend line not once but twice after Raab headlines.

That helped to put a lid on the pair. The price has been pushing lower since then. The next target comes at 1. Each time, the price bounced higher. Can the pair bounce 4 times or is this the time for a break.

There are some chinks in the GBPs bullish armor. Pair stalled at the topside trend line earlier in the day The GBPUSD tested a topside trend line earlier in the day and stalled against that trend line not once but twice. What's all this talk about neutral rates? Talk of higher neutral rates are pushing up Treasury yields I was on BNNBloomberg yesterday talking about global currencies. A handful of ECB policymakers wanted to say risks were tilted to downside - report ECB sources from Reuters Draghi said risks were balanced, so there must have been some people on the other side.

ECB sources from Reuters Draghi said risks were balanced, so there must have been some people on the other side. Weekly US oil drilling rig count data Drilling picks back up but has stalled for a few months. Manafort cooperation agreement does not include matters related to Trump campaign - report Manafort isn't going to sell out Trump NPR reports that Manafort's cooperation agreement with the special counsel does not include matters involving the Trump campaign.

Manafort isn't going to sell out Trump NPR reports that Manafort's cooperation agreement with the special counsel does not include matters involving the Trump campaign. EURJPY falls to first target area as stocks head lower Technicals also contributing to selling after move higher this week. Since then, the price wandered lower, and then the pair got a kick lower on the back of risk-off trades from the Trump tariffs rumblings.

The price is back testing the That was home to swing levels going back to August 28 and August 30 before cracking lower on the 30th. The Nasdaq moved to a low of We currently trade at Much might depend on the whims of the Friday trade in the major indices.

Technicals also contributing to selling after move higher this week. This consequentially led into an update of the. Clicking on the icon will show or hide the additional languages available. Clicking on the broker name before the language will bring you to their site in that language.

Heating FX Securities Co. KawaseLife formerly Harvest Futures Co. Saxo Bank FX K. Translate to Powered by. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

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