Monday, 26 September 2016

Daily Market Roundup (September 26, 2016): DailyForex.

Published on Sep 26, 2016
Last week’s rally in stocks and oil has ground to a halt, with the U.S. Dollar beginning to rise again. It looks like being a quiet Monday.

The EUR / USD currency pair has risen back up into its area of long-term equilibrium to reach above the 1.1200 level.

The USD / JPY currency pair fell quite sharply, but has been bought quite emphatically just above 100 which seems to be very supportive.

The GBP / USD currency pair is in a long-term bearish trend, but found support close to 1.2940 and is currently being bid.

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