EURUSD – signals of bearish continuation after limited recovery
The Euro lost traction on Tuesday and fell to 2 ½ week low, after Monday’s recovery attempts proved to be just a mild consolidation.
Renewed risk aversion and series of weaker than expected Aug services PMI data from Eurozone member…
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EURUSD – daily chart points to persisting downside risk
EURUSD edged higher in early Monday, driven by fresh risk appetite, after Friday’s US labor data signaled that the Fed might be done with hiking interest rates.
Fresh gains emerge after a multiple failure to register clear break through…
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US NFP above forecasts in August but unemployment rises and wage growth slows
The US Nonfarm Payrolls report showed that the economy added more jobs than expected in August, but surprise jump in unemployment and cooling wage growth tempered initial positive signal and added to expectations that Federal Reserve…
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Dollar is steady but in quiet mode ahead of US NFP report
The dollar index steadies on Friday morning following 0.5% advance on Thursday, but range narrows ahead of key release today – US NFP report.
Daily chart picture remains positive as 14-d momentum indicator stays above the centreline and…
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Mixed EU inflation numbers to further complicate ECB’s life
Inflation in Eurozone was unchanged in August while core reading fell in line with expectations, compared to July, when inflation eased, and core CPI was unchanged.
Annualized inflation in the Euro bloc remained at 5.3% in August,…
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USDJPY – bulls hold grip ahead of key US data
USDJPY continues to move in near-term sideways mode, following Tuesday’s short-lived spike to new 2023 high (147.37), awaiting fresh direction signals from key US economic data, due today / Friday.
Markets look for fresh information…
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GBPUSD – bulls are pausing under thick daily cloud
GBPUSD strong recovery of past three days lost traction after testing the base of thick daily Ichimoku cloud (spanned between 1.2724 and 1.2918), as increased headwinds were anticipated at this zone.
Traders also reduced speed ahead of…
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EURUSD – strong recovery faces significant barriers, awaiting signals from US data
EURUSD extends strong recovery into third straight day, as risk mode returns and weaker than expected US data softened rate outlook.
Fresh bullish acceleration (after larger downleg was contained by rising 200DMA) hit one-week high and…
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Crude oil – rising demand and concerns about supply continue to boost the price
WTI oil price rose further and hit the highest in two weeks on Wednesday, as larger than expected draw in US crude inventories (API report) point to increased demand, while a hurricane in the Gulf of Mexico raises concerns about supply.…
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GOLD – recovery may extend further on fading US rate hike prospects
Gold price is holding within a narrow consolidation on Wednesday, following 0.9% acceleration on Tuesday.
Fresh bulls extended recovery from $1884 (Aug 17/21 double-bottom) to the highest in three months, cracking important Fibo barrier…
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