There is a possilbity that big players are already buying the dip without the public noticing it. What do you guys think? Comment below your views.
EURCHF pauses downaside at 6M key level, pair is consolidating pervious session. Further weakness only on break below the 6M key level.
CHFJPY has halted its two weeks of losing streak and recovered from the minor bottom. The minor pullback in USDJPY on as US bond yields recovers. The Swiss-franc gained sharply on Safe-haven demand.
AUD has fallen tentatively against USD on Friday being near new record lows since December 2020. The instrument lost in value the day before, despite the publication of rather weak statistics on jobless claims in the US, which, in part, was provoked by technical factors of the correction. The main reason for the sale of AUD was the statements of the Reserve Bank...
Trend is bullish on daily chart but short term corrective move downside is a huge possiblity.
The Turkish lira under pressure from inflation data in the country. June consumer price index rose from 0.89% to 1.94% MoM and from 16.59% to 17.53% YoY. As a result of the partial lifting of quarantine restrictions and an increase in raw material prices, inflation in Turkey has reached two-year highs, which does not give hope for the start of lower interest...
Treasuries running out of steam and global stock markets steadying. The rise in yields supported riskier assets and currencies, with global stock markets rising. Major U.S. stock indexes rallied to record closing highs, as markets relaxed a bit from fears of a slowing pace of economic recovery from COVID-19 that dominated trading for much of the week. How long...
Possible pullback before upside continuation for silver. Recommended to buy on the minor pullbacks.
The data published by the US Bureau of Labor Statistics revealed on Friday that Nonfarm Payrolls increased by 860,000 in June. With this reading beating the market consensus of 700,000, the US Dollar Index (DXY) jumped to a fresh multi-month high of 92.74 with the initial reaction. Nevertheless, the greenback struggled to preserve its strength and allowed EUR/USD...
Britain’s pound steadied against the dollar on Friday, recovering from two-month lows after a print of U.S. jobs data pushed the dollar lower. Earlier on Friday, sterling hit fresh two-month lows against the dollar, pressured by dovish comments from the Bank of England’s governor.Bailey’s comments knocked the pound to its lowest since April 16. But after the...
The minor sell-off in the US dollar. US dollar index declined slightly after a mixed US Non-farm payroll data. Any breach below 92 confirms intraday bearishness.
Gold rose above the $1,800 psychological level on Tuesday to hit a three-week high, as a pullback in the dollar lifted bullion demand, while investors awaited minutes from the U.S. Federal Reserve’s June meeting for clarity on monetary policy. Expecting a possible pullback on gold in the following next sessions. Recommended buying on the pullbacks around 1776-770
Possible movements towards 0.40-42 in the following weeks.
The pair has halted its three weeks of the bullish trend and lost more than 50 pips from minor top 0.92748. The minor sell-off in the US dollar is putting pressure on this pair at higher levels
U.S. Treasury yields were lower on Friday after a strong payroll report left uncertainty about how the Federal Reserve might respond. The benchmark 10-year yield was down 3.9 basis points at 1.4407% in midday trading. That was close to its level before the morning release of new Labor Department data showed U.S. job growth accelerated in June.
US Dollar advances to two month peak. US dollar gained traction after the U.S. Federal Reserve struck a hawkish tone on monetary policy. However, In the following next trading days we are likely to see a minor pullback on dollar index before Bullish trend continuation.
US Dollar Index consolidates weekly gains around 92.50 U.S. Treasury yields were lower on Friday after a strong payroll report left uncertainty about how the Federal Reserve might respond. The benchmark 10-year yield was down 3.9 basis points at 1.4407% in midday trading. That was close to its level before the morning release of new Labor Department data...
This week FOMC minutes meeting would be the key event in the US. The short-term momentum still shows some strength in the dollar that will be challenged over the next sessions.