Event to watch out for today: 15:30 GMT+3. USD – Building Permits GBPUSD: GBP/USD continues to strengthen for the second consecutive session, trading near 1.2870 during Asian hours on Friday. Improved risk sentiment, driven by a stronger-than-expected recovery in US retail sales, eased concerns over a possible US recession and boosted risk-sensitive currencies such as…
Event to watch out for today: 15:30 GMT+3. USD – Building Permits USDJPY: The Japanese Yen (JPY) bounced back against the US Dollar (USD) on Friday, possibly due to Japan’s recent second quarter GDP growth, which supports the possibility of a Bank of Japan (BoJ) interest rate hike in the near future. However, the Yen…
It’s going to be another empty European session on the data front. We will get two notable releases in the US session though, but they shouldn’t be market moving unless we see big deviations from the expected numbers. The first one will be the US Housing Starts and Building Permits, and then we conclude with…
Switzerland Industrial Production (YoY) above forecasts (-2.9%) in 2Q: Actual (7.3%) Source link
Precious metals have been tossing and turning while the market mood keeps shifting these days. What’s next for silver as it gears up to test this former support zone? Silver (XAG/USD) Daily Chart by TradingView Risk-off flows from early last week kept silver below the support zone at $30.000, potentially turning this area into a…
The currency pair may experience more downsidesSellers remain dominant in the market at the moment. USDJPY Weekly Price Analysis – August 16 The USDJPY pair is dropping and may experience more downsides as the bears remain dominant. The Yen price could continue sliding if the bears add more aggression to their selling pressure to boost…
Crude oil price found solid resistance at our first positive target at 78.35$, and shows some slight bearish bias, and it might lean on the bullish trend line before rising again, waiting to breach the mentioned level to confirm opening the way to head towards 79.84$ as a next positive target. The EMA50 provides the…
The AUDUSD price provided positive trades to approach 0.6640 resistance line, and we suggest breaching this level to achieve additional positive targets that reach 0.6728$, as the price is affected by the previously completed inverted head and shoulders’ pattern. Therefore, the bullish trend will remain valid and active for the upcoming period, supported by the…
The NZDUSD price hovers around 0.6000$ level, and showed new attempts to break it yesterday, noticing that the RSI shows positive signals that we are waiting to motivate the price to resume the rise on the intraday basis, which targets testing 0.6070$ mainly. Holding above 0.6000$ is important to the continuation of the expected rise,…
Missed the upside break on EUR/GBP’s daily trend line? I’m seeing an ongoing pullback to this potential support zone, which lines up with the Fibonacci retracement levels. Are euro bulls about to charge soon? EUR/GBP Daily Forex Chart by TradingView As you can see on the pair’s daily time frame above, price has formed lower…