The EURUSD currency pair follows the parity rate of one at the ECB meeting. EURUSD has bounced back from a good low level since the beginning of the week, which is due to the news of increased interest rates. But the point is that the expectations from the European Central Bank have increased and this issue provides more downward space for EURUSD movements. The...
Energy prices are rising and it helps Canada to be valued higher On the other hand, there is a risk that many sellers are waiting to hear the news of the nuclear agreement with Iran Short position in higher value of USDCAD it can be a good idea sellers are waiting on supply area for this pair is 1.32941 to 1.3399 area
GBPUSD is undervalue right now. Price is near the 1.145 the strong support level from Mars 8 2020 FED hawkish policy forced on GPB but the DXY over-bought level and this cheap level for GBP makes a good risk reward ratio to make some risk to trade against the pair fundamental bias. Take your buy around 1.13430 and use at least 1/2 risk reward good luck
📝 Weekly gold ◽️ Gold jumped more than 1 percent in its final days after last week's sharp decline, led by weaker U.S. jobs data, but remains under pressure from higher interest rates to continue its downtrend. ◽️ The number of jobs reported was close to market expectations and the market reaction to that data was neither good nor bad. But it had a same result...
The EURUSD currency pair only due to the Over-Bough of US dollar and the closing some of them in the higher-higher of DXY, and in another side as well as the words of the ECB regarding the increase of 75bp interest rate, will cause this currency pair to rise to higher rates, but still for the fundamental direction is BEARISH. As a result, we suggest selling from...
This currency pair has more room for decline. The general trend of this currency pair is downward. Britain is suffering from a family spending crisis that is weakening consumer power. Political uncertainty also has a negative impact on the pound. On the other hand, the Canadian dollar still enjoys the flexibility of the US economy and usually follows it.
📝 Weekly gold ◽️ After Powell's speech at the Jackson Hole meeting, sellers will have the upper hand because the Fed's hawkish policies will continue. ◽️ This week's NFP report has gained importance as speculation of the Fed's next rate hike increases. ◽️ This week's US NFP report is one of the final pieces of the September interest rate-setting puzzle for the...
On the other hand, given the good news on the US dollar, on the other hand, the bearish outlook for the EURUSD is currently neutral, which means that the probability of failure on both sides will fluctuate. Key support and resistance levels will be at 1.1280 and 1.1360, respectively. The Ziwox terminal trading offer in the daily trading mode is selling on price...
The downside flag on the EURUSD currency Given the divergence between the European Central Bank and the US Federal Reserve, the euro is likely to experience lower prices against the dollar. Despite the disappointing NFP figure, analysts believe that the Federal Reserve will continue to tighten market conditions this year. This will be achieved by ending...