On Friday, we may have volatility in the market, especially on the back of Fed Chair Powell Speaks and Jackson Hole Symposium, I will consider staying in a sell position 1.1065 to target 1.1030 and 1.1010.
The GBP/USD currency pair little changed and presently trading at 1.2130 due to all traders intently waiting for clues and details of the United Kingdom Prime Minister Boris Johnson and the President of French meeting. Consider staying bullish above 1.2070 in GBP/USD with a target of 1.2130 and 1.2180.
EUR/USD – Trading Tips Keep a special focus on German PMI figures and ECB data, however, I'm considering to stay bearish below 1.1095 to target 1.1065 and 1.1030.
GBP/USD – Trading Tips Consider staying bearish below 1.2138i n GBP/USD with a target of 1.2080 and 1.2060. All the best!
U.S. Dollar could increase across the board if the Federal Reserve minutes represent the board members are unwilling easing aggressively. A little recovery could be associated with the 0.17% increase in the S&P 500 futures. The United States ten-year yield, however still flat near 1.56%. Consider staying bullish above 106.33 to target 106.800 and 107.450.
Today in the early Asian market, the EUR/USD currency pair currently trading at 1.1095, hit the bullish level of 1.1105. Yesterday, the EUR/USD increased by 0.19%, closing 5-day losing streak.
The cable may continue to trade choppy within a range of 1.2145 - 1.2100 due to lack of fundamentals. The trading sentiment is neutral, so sideways trading may be experienced today.
On the technical side, the DXY has violated the weekly resistance at 97.72, which has exposed dollar index towards the 98.92 July 29 high as the first port of resistance, closely shadowed by weekly resistance at 99.62. On the lower side, resistance continues to stay at 98.10 and 98. Bullish channel and series of EMA on 4-hour timeframe as suggesting a bullish...
Today in the early Asian market, the EUR/USD is trading at 1.1087, showing 0.10% gains. but as we now the EUR/USD currency pair hit the bearish track of the 5th straight trading day on Monday despite the upward movement in the German bond yields.