Shanghai skyrockets above 3%, Aussie benefits

FXstreet.com (Barcelona) - The Shanghai Composite is on fire currently maintaining the 3% gains after what some commentators attribute to a fat finger. Other reasons doind the rounds are usual Friday RRR cut rumour or futures expiries. The push has led to a 20+ pips on the AUD/USD reported just minutes ago.

Aug 16, 2013

EUR/CHF slapped to below 1.24 again

The EUR/CHF foreign exchange cross rate is last trading near session highs at 1.2369 bids at exactly same level it was 2 days ago at the same time, retracing from fresh 1-month high printed at 1.2437 by early NY session.

USD/JPY at the beginning of C wave higher. Target 99.87?

The USD/JPY has rebounded off the session lows nicely even breaking above correction resistance at 97.54 on the 10-minute chart. This could be the start of the “c” wave of an “abc” upside correction.