EUR/USD and EUR/GBP Drop to Key Support Levels

Euro, EUR/USD, RSI Divergence – Technical Update: Euro closed at its lowest in almost 3 months EUR/USD close to ending dominant uptrend EUR/GBP once again approaching support Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The Euro closed at its lowest against the US Dollar in almost 3 months, extending the downtrend since July.

Australian Dollar Falls as GDP Slows; How Much More Downside for AUD/USD?

AUD/USD, Australian Dollar, RBA, GDP – Talking Points: The Australian economy slowed in Q2, but less than expected. AUD/USD declined after the data release and is now testing key support. What’s next for AUD/USD? Recommended by Manish Jaradi Options for Beginners The Australian dollar fell against the US dollar after the Australian economy slowed in

Dollar rises close to three-month highs after weak Chinese data By Investing.com

© Reuters. Investing.com – The U.S. dollar gained in early European trade Tuesday, as traders turned to this safe haven after disappointing Chinese services activity hit risk-taking sentiment.  At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.3% higher at 104.382, close to three-month

Cable bears need validation from 1.2530 and US ISM Services PMI

Share: GBP/USD licks its wounds after refreshing three-month low. 10-week-old descending support line, sluggish MACD signals and the below-50 RSI favor corrective bounce. Convergence of 100-EMA, 38.2% Fibonacci ratio guards immediate recovery of Cable pair. Pound Sterling traders seek directions from US ISM Services PMI amid light calendar at home. GBP/USD portrays a

AUD/USD in Peril as Sentiment Data Signals Weakness

Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Japanese Yen Forecast: USD/JPY Blasts Off as Broader US Dollar Breaks Out AUD/USD SENTIMENT ANALYSIS Sentiment data from IG shows that 86.20% of traders are net long, with the bullish-to-bearish ratio

Apple: Bullish frenzy, muted, or sell-off after the launch of the iPhone 15?

Mark down the date – Tuesday 12th September  – this will be the day when Apple Inc shall announce its brand new iPhone 15 (and possibly the associated new AirPods) and Apple Watches. The event, Wonderlust, will be streamed on the company’s official website, Apple TV app and YouTube channel from 5 pm (GMT). Shares

Westpac forecasts for AUD/USD revised down, USD supported by higher Fed

Westpac note on the Fed, China, and the Australian dollar. The US economy and the equity market have proved much more resilient to the FOMC’s tightening cycle than earlier anticipated. Our expectation for (US) inflation … 6–month annualised inflation back at 2.0% by end–2023 and the annual rate around 2.0%yr by mid–2024. It is the

Oil Trades Higher as Saudi, Russian Supply Cuts Extend Until Year End

Brent Crude, WTI Oil News and Analysis Announcement of extended production cuts reignites bullish momentum Bullish catalyst attracts lofty price targets for Brent and WTI Overheating concerns appear with the RSI entering overbought territory The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our