Gold remains at the back foot at the start of the week, after Friday’s 0.8% drop and a weekly close below $2500. The metal’s price was deflated by US labor data on Friday, as employment Read more…
EURJPY is setting up for significant shifts—traders, be ready! The EURJPY pair reflects the Euro and Japanese Yen exchange rate. Traders frequently use the EURJPY pair to gauge market risk sentiment. The Euro is primarily Read more…
Gold is trading lower today, but close to recent highs It failed to benefit from Friday’s negative stock market reaction Momentum indicators remain mixed Gold is trading lower again today, recording its second consecutive red Read more…
Markets More volatility: yes. More certainty on the outcome of next week’s Fed meeting: no. Friday’s nonfarm payrolls couldn’t settle the rate cut size debate (25 bps vs 50 bps). The forecasted decline in the Read more…
Last week ended on an ugly note, really, as the jobs data from the US revealed throughout the week was weak, but maybe not weak enough to tilt the Federal Reserve (Fed) expectations toward a Read more…
In focus today In the euro area, we receive the Sentix investor confidence indicator, which is the first indicator of investor sentiment in September. Overnight, Chinese trade data for August is released. While exports recovered Read more…
Daily Pivots: (S1) 185.77; (P) 187.58; (R1) 188.65; More… Intraday bias in GBP/JPY remains on the downside for the moment. Fall from 193.45 is in progress for retest 180.00 low first. Break there will resume Read more…
Daily Pivots: (S1) 156.92; (P) 158.30; (R1) 159.14; More…. Intraday bias in EUR/JPY remains at this point. Fall from 163.86 is in progress for retesting 154.40 low. Firm break there will resume whole decline from Read more…
Daily Pivots: (S1) 0.8421; (P) 0.8434; (R1) 0.8456; More… Intraday bias in EUR/GBP remains neutral and further decline is expected with 0.8466 resistance intact. On the downside, below 0.8399 will resume the fall from 0.8624 Read more…
Daily Pivots: (S1) 1.6502; (P) 1.6566; (R1) 1.6682; More… Intraday bias in EUR/AUD remains on the upside for the moment. Corrective pullback from 1.7180 could have completed at 1.6256 already. Further rise should be seen Read more…