The British pound is in negative territory after two days of losses. In the European session, GBP/USD is trading at 1.2245, down 0.40%. The struggling pound is down 1.1% this week and is trading at its lowest levels since late March.
It is a busy day on the data calendar for UK releases. Retail sales rose in August by 0.4% m/m, following a 1.1% decline in July...
The Canadian dollar is showing limited movement on Thursday. In the North American session, USD/CAD is trading at 1.3474, up 0.09%.
Canada wraps up the week with the retail sales report on Friday. July's retail sales were weak, with a gain of 0.1% m/m and a decline of 0.6% y/y. August is expected to show improvement, with consensus estimates of 0.4% m/m and 0.5%...
The Australian dollar is lower on Wednesday. In the European session, AUD/USD is trading at 0.6408, down 0.28%.
The US releases the August inflation report later today. CPI is projected to increase in August to 3.6% y/y, following a 3.2% gain in July. On a monthly basis, the consensus estimate stands at 0.6%, higher than the 0.2% gain in July. Core CPI is...
The Swiss franc has lost ground on Thursday. In the North American session, USD/CHF is trading at 0.8835, up 0.59%.
Thursday's Swiss retail sales for July looked awful, falling 2.3% m/m. This follows a revised gain of 1.5% in June. Market attention has now shifted to Swiss inflation, which will be released on Friday. Swiss inflation dropped to 1.6% in July, the...
GBPUSD have been ascending to the upside in 4H time frame taking the resent high as liquidity in to the supply zone (sell zone), regretless, the supply zone still holds since the daily time frame is bearish i am expecting a shift to the down side to take out the recent low at 1.27037 or the next at 1.26866 my expected target is 1.26624
The New Zealand dollar has posted strong gains on Tuesday. In the European session, NZD/USD is trading at 0.5959, up 0.55%. On the data calendar, New Zealand retail sales are expected to decline by 2.6% q/q in the second quarter, compared to -1.4% in Q1.
The New Zealand dollar has gone on a dreadful slide since mid-July, falling as much as 500 basis points during...
Alcohol consumption
When averaged over two years, 2021-2022, 63% of U.S. adults aged 18 and older consumed alcohol. Gallup, Inc. indicates that "the drinking rate ticks up to 65% when narrowed to adults of legal drinking age" of 21. When segmented based on demographic characteristics:
Eighty percent of adults, 18 and older, living in households with annual...
The British pound has extended its gains on Thursday. In the North American session, GBP/USD is trading at 1.2772, up 0.32%.
The UK will wrap up a busy week with retail sales on Friday. The July report is expected to show a decline in consumer spending. Headline retail sales are expected to fall by 0.5% after a 0.7% gain in May and core retail sales are projected...
The British pound has posted considerable gains on Wednesday. In the North session, GBP/USD is trading at 1.2754, up 0.39%.
The UK released the July inflation report today and the readings were a mixed bag. Headline CPI dropped to 6.8% y/y, a sharp drop from the 7.9% gain in June and matching the consensus estimate. The decline was certainly welcome news but the...
FOMC Minutes is coming today.
Yesterday, EURUSD rose to 1,0952, but failed to continue and a drop ensued.
Upon crossing below 1,0896, we expect the downside move to continue.
The first support levels are at 1,0840 and 1,0785.
A key resistance level is 1,0952.
Yesterday we saw another drop in the EURUSD.
We will be watching for a possible reversal today.
We expect news about USD at 15:30 Bulgarian time.
On a new decline and leaving a tail below the previous bottom will be the first ground.
A breakout of a peak will confirm the start of an uptrend.
The British pound is quiet at the start of the week. In the European session, GBP/USD is trading at 1.2701, up 0.05%.
The UK releases key employment numbers on Tuesday and the data is expected to show that the UK labour market remains tight. The economy is expected to have created 50,000 jobs in the three months to June. That number is down from 125,000...
Upside:
4478 → 4500 → 4519 → 4542 → 4566
Downside
4459 → 4447 → 4422 → 4400
Technical Analysis:
ES tested a breakdown of a Long GP from 4461-4470, but bounced to close the Friday down only -0.1%. We want to see if ES can hold above last week's lows, if not, I could see a test below in the 4447 area where we should start to see buyers come in. This area would be...
The Australian dollar has started the week with strong gains. In the European session, AUD/USD is trading at 0.6708, up 0.91%. The Aussie has rebounded after falling 1.25% last week.
The Reserve Bank of Australia meets on Tuesday and is expected to maintain the cash rate at 4.10%. The past two rate meetings have been close calls and that could be the case at...
The Canadian dollar is trading quietly on Friday. In the European session, USD/CAD is trading at 1.3171, almost unchanged.
It has been a busy week in the currency markets, with the US dollar rebounding and posting strong gains against the major currencies. The notable exception has been the Canadian dollar, which has held its own against the greenback this week....
Gold has been pushing upwards the past week, 1963 area seems to have formed a resistance of price. I have implemented kill zones into my strategy now. Also looking to sell from rejection of resistance, but, price could push through from CPI and Retail Sales news at 1:30pm GMT.
Caution on USD and CAD pairs at this time.
The British pound has edged lower on Tuesday. In the North American session, GBP/USD is trading at 1.3038, down 0.27%.
The UK is lagging behind other major economies in the fight to curb inflation. Will Wednesday's inflation report bring some good news? In May, CPI remained stuck at 8.7% y/y but is expected to ease to 8.2% in June. The core rate is expected to...
#XAUUSD price made a retraced back to 1959-1963 today which is now forming base on low volume, the price have pull back between trends and will still head down below 1956-1952 limit again but the price entry have hold much which is making the pair to bullish but now the charts is a retracment form. We may expect a correction bearish movement which can head more...
