EUR/USD makes marginal new low

The EUR/USD stretched to a new low for the day after US pending home sales declined more than expected in August. EUR/USD indifferent to data EUR/USD extended losses, but only marginally, and hit a fresh daily low of 1.3481 before bouncing slightly. "Italian political woes, US GDP and employment readings triggering gains in stocks, nothing seems to be enough to take the EUR/USD far from the 1.3500 level, where the pair has been stuck for...

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USD/JPY on corrective move above 98.70; below EMA20

USD/JPY consolidates above the 98.70 zone but remains trading below the EMA20 at Tokyo’s opening. Yesterday’s recap Price action reveals a primary trend pointing up with a secondary trend pointing down and short-term parallel movement. At Tokyo’s opening, the pair starts with minimal losses after corporate service price (YoY) for August was released at 0.6% vs. expected 0.5% and past 0.4%. In the US, mixed manufacturing results were published...

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