Share: GBP/USD prods one-month-old descending resistance line at weekly top. Looming bull cross on MACD, steady RSI joins higher high formation to favor Cable bulls. 50-DMA acts as additional upside filter for the Pound Sterling buyers to cross. Pullback needs validation from five-month-old horizontal support zone. GBP/USD buyers attack a downward-sloping resistance line
US LABOR MARKET REPORT KEY POINTS: The U.S. Bureau of Labor Statistics will release its latest nonfarm payrolls survey on Friday The economy is forecast to have created 170,000 jobs in August With the Fed embracing a data-centric stance, the strength or weakness of the data will help guide the monetary policy outlook, setting the
Better than expected Swedish GDP and retail sales figures yesterday helped the krona strengthen in yesterday’s trade against the US Dollar. The Swedish economy shrank by 0.8% in Q2, much less than the previously reported -1.5% preliminary figure and the consensus estimate of 1.3%. Surprisingly, retail sales increased in July by 1.0% m/m. Earlier, Sweden
Barclays lowered its Brent oil price forecast for this year to $84 per barrel down by $3 from its previous forecast its Q4 estimate of $92 a barrel Brent remained unchanged Barclays expects a deficit of 670,000 barrels per day (bpd) on the oil market this year, and a 250,000 bpd deficit next year “A
Number of traders net-short has increased by 31.22% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI EUR/USD BULLISH 49.67% 50.33% -15.18% Daily -20.11% Weekly 15.15% Daily 31.22% Weekly -2.22% Daily -0.52% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
MARKET RECAP The U.S. dollar, as measured by the DXY index, retreated on Wednesday, dragged lower by falling rates in the wake of disappointing economic numbers. U.S. Treasury yields have begun to retrench in recent days, as softer-than-expected macro-related statistics have reduced the likelihood of additional monetary tightening by the Federal Reserve. Earlier this week,
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© Reuters. Investing.com– Most Asian currencies fell slightly on Wednesday with markets remaining risk averse ahead of key economic readings this week, while the dollar steadied after steep losses in the past two sessions. Weak and data saw the dollar pull back sharply from a near three-month high on Tuesday, as markets bet that the
Russia Unemployment Rate came in at 3% below forecasts (3.2%) in July لینک منبع : هوشمند نیوز
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