EUR/USD battles1.1600 amid the dollar’s rebound
EUR/USD battles1.1600 amid the dollar’s rebound The Relative Strength Index on the four-hour chart is simply under 30, accordingly in the oversold domain. That infers a ricochet is inevitable, yet it very well may be brief. Euro/dollar is experiencing huge drawback force and exchanges well underneath the 50, 100, and 200 Simple Moving Averages. Generally […]
EUR/USD seems to be consolidating the recent downside below 1.1600
EUR/USD seems to be consolidating the recent downside below 1.1600 The EUR/USD pair completed the day with sharp losses, dying to a fifth continuous day. The everyday chart shows that specialized markers keep up with their sharp negative slant, notwithstanding they are at present creating inside oversold levels. The 20 SMA has sped up its […]
EUR/USD: Bears battle four-month-old support near 1.1750
EUR/USD: Bears battle four-month-old support near 1.1750 The EUR/USD pair is negative, as per the day-by-day graph. It has sped up its droop in the wake of breaking under a now negative 20 SMA, while the more drawn out ones stay far over the current levels. Specialized pointers crossed their midlines into a negative domain, […]
Xtreamforex Asia FX news wrap: USD rise in Asia ahead of NFP
Xtreamforex Asia FX news wrap: USD rise in Asia ahead of NFP The US dollar had gained during the meeting here across the major forex rate board. Regularly in front of a nonfarm finance information discharge Asia is somewhat calm, however today we have seen a sluggish crush higher for the dollar. The Australian dollar […]
EUR/USD: Impending passing cross prods bears around 1.1800 on ECB day
EUR/USD: Impending passing cross prods bears around 1.1800 on ECB day Generally speaking, EUR/USD is moving downwards. As of late, EUR/USD bounced down from the critical degree of 1.18. EUR/USD’s next support zone is at 1.16300 and the following resistance zone is at 1.18200. On the off chance that the ECB conveys a hopeful tone […]
China holds 1 and 5-year rates steady for the 15th month in a row
China holds 1 and 5-year rates steady for the 15th month in a row On the news front, it was a light day. In Australia, Covid lockdowns news sped up, the city of Melbourne (and state Victoria) lockdown was stretched out for an additional 7 days and the territory of South Australia will have a […]
Xtreamforex Asia FX news wrap: Subdued reaches for major FX again in Asia
Xtreamforex Asia FX news wrap: Subdued reaches for major FX again in Asia Information stream sloped up on the principal day of the new month with: A series of PMIs across Asia with Australia, China, Japan, South Korea fabricating PMIs all enlisting extension, The Bank of Japan quarterly Tankan overview report showed significantly better assessment […]
Xtreamforex Asia FX news wrap: USD/JPY higher into the Tokyo fix then drift back
Xtreamforex Asia FX news wrap: USD/JPY higher into the Tokyo fix then drift back USD/JPY was taken higher into the Tokyo fix today, with market highs falling barely short of 111.00. Since the fixing, the rate has floated a couple of focuses lower. Generally, the reach has been little. EUR/USD has additionally seen a […]
Technical Market Analysis 16th June
Technical Market Analysis 16th June EUR/USD Generally, EUR/USD is running across. As of late, EUR/USD bobbed off the opposition zone of 1.21500. EUR/USD’s next support zone is at 1.19700 and the following obstruction zone is at 1.21500. Search for momentary selling chances of EUR/USD up until the U.S. FOMC meeting tomorrow at 0200 (GMT+8). The […]
Bundesbank: German economy prepares for post-pandemic growth and price recovery
Bundesbank: German economy prepares for post-pandemic growth and price recovery It now expects the German financial system to attain pre-pandemic tiers as quickly as the subsequent quarter, developing with the aid of using 3.7% this yr, 5.2% subsequent yr, and 1.7% in 2023. “The German economy is overcoming the pandemic-related crisis,” said Bundesbank President […]
TECHNICAL MARKET ANALYSIS
TECHNICAL MARKET ANALYSIS 11th JUNE EUR/USD EUR/USD pair is modestly up, currently trading in the 1.2190 price zone. The pair recently bounced off the support zone of 1.21500. Day 1 of the G7 meetings will be held today. And day 2 and day 3 will be held on the weekend. The next support zone is […]
HIGHLIGHT OF THE DAY
HIGHLIGHT OF THE DAY Fresh news flow of any interest to FX was non-existent. the sole item that perhaps could have caused a stir, but didn’t, was that a gaggle folks senators (bipartisan) had reached an agreement on a US$1.2tln infrastructure package and the way to buy it. there’s still negotiation to be done […]
Technical update 9th June
Technical update 9th June EUR/USD Currently, the pair is moving towards the support zone of 1.21500 and the next resistance is at 1.23200. The Eurozone and German ZEW economic sentiments data released yesterday indicated a decline in the level from the surveyed investors. Look for buying opportunities of EUR/USD if it bounces up from […]
AUD/USD walks water above 0.7600
AUD/USD walks water above 0.7600 AUD/USD clings to the consolidative mood above 0.7600. Support comes in at the YTD lows near 0.7530(Thursday). US NFP is looking forward to being in the limelight later on Friday. The Aussie Dollar alternates gains with losses vs its American Counterpart, leaving the price movement around AUD/USD side-lined over the […]
GBP/USD prevails limited in a range, moves little post-UK jobs data
GBP/USD prevails limited in a range, moves little post-UK jobs data GBP/USD was seen consolidating its recent strong profits to the highest level in three years. Better-than-expected UK jobs data did little to provide any impulsion in the middle of overbought RSI. The prevailing USD gets rid of bias plans to soothe lockdown in the […]