The US dollar pulled back slightly on Monday morning as investors reacted to strong jobs data from the United States. The numbers revealed that the country added over 372k jobs in June, higher than analysts Read more…
The Australian dollar has started the week in negative territory, after a brief rally late last week. In the European session, AUD/USD is trading at 0.6796, down 0.82%. Can Australia avoid a recession? The RBA Read more…
Bulls return to play on Monday after a brief consolidation on Thu/Fri and eye new 20-year high at 107.60, as dollar remains well supported by global growth concerns, weak Euro and strong signals that the Read more…
The Euro remains in red at the start of the week after 2.2% drop last week and pressures new 2022 low (1.0071), also near Fibo 76.4% of 0.8225/1.6039 (1.0069), where bears faced headwinds on Friday. Read more…
The USDJPY regained traction on Monday and rose to new 24-year high on probe through recent range top at 137.00. The dollar gained support from Friday’s better-than-expected US jobs data, while pressure on yen increased Read more…
EUR/USD The euro posted its second straight week of losses against the U.S. dollar. The bears managed to break the annual support around 1.0350 and the breakout has not yet been tested. The market is Read more…
Gold posted two consecutive bullish doji candles, suggesting than an upside retracement may be on cards in the next few sessions. The commodity has continued to develop within a downward sloping channel since March 8 and Read more…
The week starts on mixed sentiment, as European and US futures are down, and the US dollar is up this morning. A mixture of micro and macro events will set the tone for this week Read more…
Daily Pivots: (S1) 162.45; (P) 163.19; (R1) 164.56; More… Intraday bias in GBP/JPY remains neutral for the moment. On the downside, below 160.37 support will target 155.57 key support level next. On the upside, above Read more…
Daily Pivots: (S1) 137.42; (P) 138.06; (R1) 139.26; More…. Intraday bias in EUR/JPY remains neutral for the moment. On the downside, below 136.86 will target 132.63 support. Decisive break will turn outlook bearish for 124.37 Read more…