EUR/USD, EUR/JPY PRICE FORECAST: Recommended by Zain Vawda Get Your Free EUR Forecast MOST READ: Dollar Index (DXY) Eyes Acceptance Above 100-Day MA, USD/CHF Ticks Higher EUR/USD has been on a steady decline since printing a fresh YTD high on July 18 around the 1.1275 mark. Yesterday saw an attempted push above the psychological 1.1000
Comments on USD/JPY via MUFG: market is already leaning towards a weaker USD We therefore do not expect the USD/JPY to rise past 150 However, the weakening of the Yen suggests that we cannot write off another sharp move higher like the rise to 145 at the end of June. In the US, we expect
USD/MXN, JPY/MXN – Prices, Charts, and Analysis USD/MXN bounces after posting a multi-year low. Will demand for EM currency yield continue to boost the Mexican Peso? Recommended by Nick Cawley Get Your Free USD Forecast One of the star FX performers over the last three years, the Mexican Peso is currently giving back a small
WTI, Brent Crude Oil Analysis Fitch downgrade spooks risk assets with oil proving vulnerable too WTI oil heads lower after respecting significant zone of resistance Brent crude oil eyes $82 as first real test of bearish momentum The analysis in this article makes use of chart patterns and key support and resistance levels. For more
The shooting star price action pattern is a bearish signal that signifies a higher probability of the market moving lower than higher and is used primarily in down trending markets. In essence, it is the opposite of the hammer pattern. Here is an example of what a shooting star candle looks like:
© Reuters. FILE PHOTO: ‘X’ logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo (Corrests to say the fake account had made five, not four, posts to date in paragraph 4) TOKYO (Reuters) –
Share: XAG/USD dropped to a daily low of around $23.37, but the bulls managed to push the price back to $23.60. The USD retreated following weak Services and Labour market data. Still, US Treasury yields will limit the metal’s advance. The XAG/USD silver’s spot price traded soft on Thursday but cleared daily losses.
EUR/USD & USD/JPY FORECAST: EUR/USD and USD/JPY will be very sensitive to the upcoming U.S. nonfarm payrolls report Market expectations suggest the U.S. economy created 200,000 jobs in July A strong headline print is likely to boost the U.S. dollar, weighing on the euro and the Japanese yen Recommended by Diego Colman Get Your Free
Earlier today, Saudi Arabia announced that it will extend its voluntary 1 million barrels per day (mbpd) oil production cut through September. They added that the cuts could potentially be extended or deepened. Following this announcement, Crude oil prices increased by more than $1. The momentum has continued. The price is currently up over $2.12
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