Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept ... A pip (an acronym for Point in Percentage) is the name used to indicate the fourth decimal place in a currency pair, or the second decimal place when JPY is in the pair. When the price of the EUR/USD moves from 1.3600 to 1.3650, that's a 50 pip move; if you bought the pair at 1.3600 and sold it at 1.3650, you'd make a 50-pip profit. Forex EURJPY Weakness Persists as Crunch EU Summit Looms. Written by Kevin George on Oct 15, 2020, 09:05 BST. EURJPY has moved lower this week as we head into today’s crunch EU summit in Brussels. After closing the week a few pips shy of 125.00, the pair is now 160 pips lower with a bearish tone. The two-day EU summit will include Brexit negotiations and tomorrow is the date that Boris ... EUR/JPY is set to close the day virtually unchanged with the 50 and 100-period simple moving averages flattening on the 15-minute time-frame. EUR/JPY bulls have lost some momentum on Thursday and they will have to defend the 126.00 handle in the coming sessions if they do not want to see a pullback to the 125.00 area. I was experimenting with a trading idea today and have been long EUR/USD,GBP/USD and EUR/JPY since the london open. I wasn't aware that NFP was coming this noon GMT. luckily I was on the right side of two of my trades, though the action really scared me and I got out as soon as I could. although I still won't trade news, I've realised the risk of not paying attention to it at all. A 'Pip' is 0.0001. So, if the EUR/USD moved from 1.16667 to 1.16677, that would represent a 1 pip change). The major Forex pairs tend to be the most liquid, and therefore provide the most opportunities for short term trading. USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs – second only to EUR/USD – and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and ...
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