Share: GBP/USD picks up bids to pare the first daily loss in four, bracing for the weekly gain. Cable bounces off 50-SMA after retreating from five-week-old resistance line. MACD signals, sustained trading below the key resistance line, 200-SMA … [Continue reading]
AUD/USD hovers around 0.6480 as US Dollar trims earlier gains, ahead of US NFP
Share: AUD/USD trades flat after falling to a daily low of 0.6461. US PCE inflation meets expectations at 3.3% YoY, while Initial Jobless Claims come below estimates, providing a brief boost to the Greenback. China’s mixed PMI data and Atlanta’s … [Continue reading]
United States Chicago Purchasing Managers’ Index above expectations (44.1) in August: Actual (48.7)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
ECB’s Holzmann: Another rate hike or two possible
Share: Speaking at the Reuters Global Markets Forum on Thursday, European Central Bank (ECB) policymaker Robert Holzmann said that “we are not yet at the highest level for rates," adding that "another hike or two are possible.” Additional quotes … [Continue reading]
AUD/USD Price Analysis: Pair trims a part of its modest intraday gains, plods near 0.6480
Share: AUD/USD trades higher due to upbeat Australia’s Private Capital Expenditure. 23.6% Fibonacci retracement appears to be a barrier following the three-week high at 0.6522. MACD indicates improvement in the recent momentum but the pair remains … [Continue reading]
Gold Price Forecast: Falling wedge lures XAU/USD bulls, focus on $1,980 and Fed inflation
Share: Gold Price stays firmer at four-week high, confirming the falling wedge bullish chart pattern. Downbeat United States data propel concerns about Federal Reserve policy pivot and fuel XAU/USD prices. Softer Treasury bond yields, China's … [Continue reading]
GBP/JPY Price Analysis: Skyrockets and hits a daily high above 186.00
Share: GBP/JPY surges to 185.90, gaining more than 150 pips or 0.88%, as US economic data reduces the likelihood of Fed rate hikes. Technical outlook shows the pair broke above the Tenkan-Sen line, targeting the 186.00 level and potentially the YTD … [Continue reading]
Pound Sterling soars as hawkish BoE bets mount
Share: Pound Sterling jumps above 1.2700, supported by a risk-on mood. UK housing demand drops sharply due to rising mortgage rates. Investors hope that policy divergence between the Fed and BoE will vanish this month. The Pound Sterling … [Continue reading]
Expecting a stronger NFP print on Friday at 180K – TD Securities
Share: Analysts at TD Securities assess the latest data releases from the US and preview the upcoming ones. Second tier data coming up with ADP and Home Sales "JOLTS and Consumer Confidence both came in below consensus. We expected downside risks on … [Continue reading]
USD/CHF pares the biggest daily loss in five weeks around 0.8800, focus on mid-tier Swiss/US data
Share: USD/CHF struggles to defend recovery from weekly low, prints the first daily gain in three. Market consolidates amid cautious mood before Swiss sentiment numbers, US employment, inflation cues. Downbeat US data bolsters expectations favoring … [Continue reading]