EUR/USD stood at 1.1537 on Friday, with markets continuing to digest incoming economic data. Soft US inflation figures have reduced expectations of a Federal Reserve rate hike in September. Data released on Thursday showed that Read more…
On 13 August, the UK Office for National Statistics (ONS) reported that GDP growth slowed to 0.4% quarter-on-quarter in the second quarter, down from 0.6% in the first quarter. The figure was in line with Read more…
Intraday bias in EUR/USD remains neutral and more consolidations could be seen. On the upside, above 1.1580 will extend the rebound from 1.1323 to 1.1621 cluster resistance (38.2% retracement of 1.2081 to 1.1323 at 1.1613). Read more…
Intraday bias in USD/JPY is turned neutral first with current retreat. Considering loss of momentum as seen in 4H MACD, in case of another rise, strong resistance could be seen from 159.59 to 160.62 (50% Read more…
Intraday bias in GBP/USD remains neutral for the moment. Further rise is in favor as long as 1.3433 support holds. On the upside, above 1.3545 will target 1.3557 resistance. Firm break there will resume the Read more…
Intraday bias in USD/CHF remains neutral as range trading continues. Further rally is expected as long as 0.8029 support holds. Firm break of 0.8205 will extend the rally from 0.7603 to 161.8% projection 0.7603 to Read more…
Further rise is expected in AUD/USD as long as 0.7037 support holds. Sustained break of 100% projection of 0.6864 to 0.7026 from 0.6921 at 0.7083 could prompt upside acceleration to 161.8% projection at 0.7183. On Read more…
USD/CAD’s decline from 1.4247 resumed after brief consolidations and intraday bias is back on the downside. Break of the falling channel fall suggests downside acceleration, and affirm the case that rebound from 1.3480 has completed Read more…
Target’s improving sales trends are giving investors more reason to believe the retailer’s turnaround is taking hold, but Bank of America still sees a difficult setup for the stock heading into second-quarter earnings. Target (TGT) Read more…
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