Pound Sterling (GBP/USD, EUR/GBP, GBP/JPY) Analysis Pound Sterling Takes a Back Seat as US, EU Data Takes the Wheel Markets continue to exhibit enhanced sensitivity to news flow this week. Earlier US jobs data (JOLTs, ADP) sent the US dollar lower over the last 3 trading days and today’s EU inflation data has seen a
US Dollar Vs Euro, British Pound, Australian Dollar – Outlook: The DXY Index (USD index) is testing key resistance after Powell warned of more tightening. Broader picture of USD rally fatigue remains intact ahead of key US data this week. What is the outlook and the key levels to watch for EUR/USD, GBP/USD, and AUD/USD?
EUR/GBP PRICE FORECAST: For Beginner Traders, Please Download Your Free Forex Guide Below Recommended by Zain Vawda Forex for Beginners READ MORE: USD/CAD Retreats Following Lackluster US PMI, Mixed CAD Retail Sales Data EUR/GBP came in for volatile price action yesterday thanks to both the Euro Area and UK PMI data releases. The pair traded
EUR/USD and EUR/JPY Forecast – Prices, Charts, and Analysis Volatility remains low across a range of markets ahead of Jerome Powell’s speech. The Japanese Yen remains weak across a range of currencies. Recommended by Nick Cawley How to Trade EUR/USD Volatility across a range of major fx currencies pairs remains extremely low leaving traders waiting
S&P 500, SPX, NASDAQ 100, NDX – OUTLOOK: The S&P 500 index and the Nasdaq 100 index have fallen below key support. Extreme optimism, stretched bullish positioning, and higher-for-longer rates appear to be casting a shadow over the multi-month rally. What are the outlook and the key levels to watch in the S&P 500 and
British Pound (GBP) Analysis and Charts 10-year UK gilt yield touching levels last seen 15 years ago. EUR/GBP eyeing a test of multi-month support. Recommended by Nick Cawley How to Trade GBP/USD The British Pound is pushing higher against a strong US dollar as fixed-income traders push the yield on UK government debt ever higher.
Australian Dollar, AUD/USD, US Dollar, China, PBOC, Japan, Commodities – Talking Points The Australian Dollar bounced despite data that would normally undermine it China’s economy will every bit of the rate cut from the PBOC today as its woes continue If the USD resumes its ascension, where will that leave USD/JPY and AUD/USD? Recommended by
NZD/USD, AUD/NZD, EUR/NZD – Outlook: NZD continues to broadly hover within its recent range against some of its peers. NZD has been weighed by a deteriorating NZ economic growth outlook and the view that RBNZ is done with raising rates. What is the outlook for NZD/USD, EUR/NZD, and AUD/NZD? Recommended by Manish Jaradi The Fundamentals
The harami price action pattern is a two candle pattern which represents indecision in the market and is used primarily for breakout trading. It can also be called an ‘inside candle formation’ as one candle forms inside the previous candle’s range, from high to low. Here is an example of what a bearish and bullish harami candle
JULY LABOR MARKET REPORT July U.S. nonfarm payrolls at 187,000 versus 200,000 expected Unemployment rate ticks down to 3.5%, one-tenth of a percent below consensus estimates Gold rises while the U.S. dollar slides following the release of the employment report Recommended by Diego Colman Get Your Free USD Forecast Most Read: Euro Price Outlook –
