Share: Employment data on Tuesday and the monthly GDP on Wednesday will be the highlights in the UK next week. In the US, the CPI on Wednesday will be the centre of attention. Risks in the GBP/USD pair are tilted to the downside while below … [Continue reading]
LBRY plans to appeal ruling that considered LBC token a security
Share: LBRY Inc. filed a motion to appeal the court’s ruling in favour of the US SEC. LBRY planned to wind down operations after a New Hampshire judge ruled that the LBC token traded as an unregistered security. The firm's plan to … [Continue reading]
Gold Futures: There is room for further decline
Share: Considering advanced prints from CME Group for gold futures markets, open interest extended the downtrend for yet another session on Thursday, this time by just 486 contracts. Volume followed suit and shrank for the second consecutive … [Continue reading]
EUR/JPY Price Analysis: Recovers some lost ground above the 157.60 mark, the key contention is seen at 157.20
Share: EUR/JPY holds above the 157.60 mark but remains below the 50- and 100-hour EMAs. The Relative Strength Index (RSI) stands below 50, within a bearish territory. The immediate resistance level is seen at 157.88; the critical support level to … [Continue reading]
USD/CHF continues to advance as the USD remains resilient
Share: USD/CHF rose to 0.8925, up by 0.20% daily. Switzerland Unemployment data from August didn’t show any surprises. Hawkish bets on the Fed boosts the USD On Thursday, the USD/CHF continued to gain ground, driven by a strong USD whose DXY index … [Continue reading]
NZD/USD continues to cycle 0.5880, lacking momentum as broader market focuses elsewhere
Share: NZD/USD remains trapped as Kiwi bulls seek upside momentum. Broader market remains very much a USD game. Upcoming Japan data could provide a bump for the Antipodeans if numbers deviate. The NZD/USD finds itself range-bound as the week … [Continue reading]
Natural Gas flat as European futures get unchained
Share: Natural Gas is in the green on Thursday, putting an end to this week's decline. The US Dollar strengthens as a substantial monetary shift unfolds in Western and Central Europe. Natural gas price could extend upward … [Continue reading]
USD/CAD sticks to modest intraday gains around mid-1.3600s, bullish potential intact
Share: USD/CAD regains positive traction on Thursday and is supported by a bullish USD. The prospects for more Fed rate hikes and a softer risk tone benefit the Greenback. Retreating Oil prices undermines the Loonie and supports prospects for … [Continue reading]
AUD/USD manages to hold above mid-0.6300s, seems vulnerable near YTD trough
Share: AUD/USD remains depressed near the YTD low and is undermined by a combination of factors. Weaker Australian Trade Balance data and China's economic woes continue to weigh on the pair. The USD consolidates near a six-month high and holds back … [Continue reading]
NZD/USD remains under pressure around 0.5870 ahead of China Trade Data
Share: NZD/USD remains on the defensive below the 0.5900 barrier amid a stronger USD. US ISM Services PMI climbed to 54.5 in August vs. 52.7 prior. New Zealand’s Manufacturing Sales Q2 improved to 2.9% vs. a 2.1% drop in the previous reading. … [Continue reading]