Core economic data are pointing to massive US job growth acceleration. The US dollar downside move is…..
Core economic data are pointing to massive US job growth acceleration. The US dollar downside move is…..
bitcoin could spark recovery in the near term of key bullish indicators is sustained.
Key Take-Aways Technical Analysis of EUR/USD At the 1.0750 resistance level, the Euro’s significant rise versus the US dollar began. […]
Can the gold decline be sustained following the US inflation data……
Key Take-Aways Technical Analysis of GBP/USD The British pound began a significant drop against the US Dollar from much above the […]
Key Take-Aways Below the 1.0750 support, the EUR/USD deepened. On the 4-hours chart, it is struggling with various obstacles at 1.0750 […]
key Take-Aways Technical Analysis of USD/JPY Once more, the US Dollar’s attempt to overcome the Japanese Yen’s 133.00 barrier was […]
Retail sales is an economic indicator in the USA that keeps inventory of demand for finished goods, by measuring the […]
Key Take-Aways Technical Analysis of GBP/USD The British pound’s recent slide versus the US dollar began far above the 1.2400 […]
Key Take-Aways Price Technical Analysis of Gold The price of gold against the US dollar developed a base above $1,770. […]
Key Take-Aways Technical Analysis of USD/CHF The US Dollar’s recent slide versus the Swiss Franc began well above the level […]
Key Take-Aways USD/JPY plunged precipitously and traded under the 138.00 level of support. On the 4-hours chart, a significant negative […]
From the $74.00 support region in relation to the US dollar, the price of crude oil began a new upward trend.
USD/CAD continued to trade favorably and began a new uptrend over the
Key Take-Away Above the 1.0280 level, EUR/USD is displaying promising characteristics. On the 4-hours chart, it traded above a significant […]
In relation to the Canadian Dollar, the US Dollar strengthened over the 1.3500 resistance. USD/CAD, however, was unable to rise further beyond 1.4000.
In relation to the US Dollar, the British Pound had trouble breaking through the 1.1500 resistance level. Below the level of 1.1400, GBP/USD made a brief top and began a new drop.
NZD/USD Gains Faced Obstacle, Price of Oil Moves Higher
From the 1.1720 area versus the US Dollar, the British pound began a new drop. Below the 1.1650 and 1.1580 levels, GBP/USD started to trend lower.
Crude oil prices began a new rise against the US dollar after establishing a base above the $85 mark. The resistance levels of $90 and $92 were successfully overcome by the price.
Key Take-Aways GBP/USD dropped to 1.1649, a fresh multi-month low. On the 4-hours chart, a significant negative trend line is […]
From the 132.00 area against the Japanese Yen, the US Dollar began to steadily rise. The USD/JPY overcame numerous obstacles between 133.50 and 134.00 to enter a bullish zone.
When compared to the Canadian Dollar, the US Dollar established a base above the 1.2740 mark. To enter the positive zone, USD/CAD rose over the resistance levels of 1.2880 and 1.2900.
Key Take-Aways Below the 1.0200 level, the EUR/USD began to trend down. On the 4-hours chart, it traded below a […]
The price of crude oil faced sellers near $95.50 versus the US dollar following a brief recovery surge. Below the $92.50 support area, the price started to drop once more.
Key Take-Aways After breaking through the $1,740 resistance, the price of gold started to increase. On the 4-hours chart, it […]
The British Pound began a new wave of recovery above the 1.2050 barriers. GBP/USD increased above 1.2120 to enter a favorable area.
Below the 137.50 and 136.50 levels, USD/JPY sharply dropped.
Gold Gaining on Safe-Haven.
USD/CAD sharply dropped beneath 1.3120 and 1.3000.
When compared to the US dollar, gold’s price began a significant drop from far above the $1,835 mark.
When compared to the US Dollar, the Euro began a significant drop from above the 1.0250 region. Even yet, the EUR/USD soared below parity and broke through the 1.0100 barrier.
In relation to the Japanese Yen, the US Dollar began a new rise above the 137.50 resistance level. The USD/JPY exchange rate soared past 138.00 and reached a new multi-year high.
Against the Canadian Dollar, the US dollar tried to break out to the upside above the 1.3080 resistance. USD/CAD, however, was unable to overcome the 1.3080 resistance and fell.
the Australian Dollar was unable to rise higher than the 0.6880 level. Below 0.6800, the AUD/USD currency pair started a new slide and entered a negative zone.
Key Take-Aways GBP/USD fell below 1.1950 after failing to correct upward. On the 4-hours chart, a significant negative trend line […]
From the 1.0620 area against the US Dollar, the Euro began a significant drop. Below the 1.0420 support, the EUR/USD had a sharp loss and entered a negative zone.
Crude oil price began a new slide against the US dollar after failing to overcome the $112 barrier area. Price went through support at $105 and moved into a declining region.
Key Take-Aways USD/CAD began a downside resolution from the 1.3080 region. On the 4-hours chart, it traded below a significant […]
Following a strive to break the $125 strong resistance level, crude oil began a new decline against the US Dollar. It smashed the $115.00 support level to maintain a short-term downtrend.
GBP/USD dropped massively beneath 1.2500. It smashed the 1.2000 level before it found a support base.
April experienced another solid increase in jobs at 428,000 compared to the forecast of 390,000 despite the business struggling to find suitable staff. Although wage pressures were not as intense as expected, this is likely to be a temporary lull as labor market tightness will keep upward pressure on inflation.
The last employment report released from the Australian Bureau of Statistics (ABS) saw a continuous spark in recovery in line with its growth pattern already set in motion. In the growth trajectory, the report showed a job expansion that cuts across 11 industries with Health care and Social Assistance topping the chart by 26.2% from the onset of the pandemic.
In the second quarter, the New Zealand economy maintained a steady accelerating growth pattern. In its growth trajectory, external demand experienced a surging increase, and its stocks and equities edged higher with New Zealand Dollar (NZD) staying resilient in gains smashing multi-points resistance levels. Currently maintaining gains above 0.69560 price point.
For decades, the Bank of England has utilized the official bank Rate as its mechanism to achieve the dual mandate of controlling inflation within the optimal range, maintaining price stability and keeping employment near its maximum sustainable level as defined in the Remit.
In august 2021, the US Retail Sales declined -1.1% month-over-month from the previous 0.7% percentage base, as spending shifts to the service sectors following economic reopening and traveling picks up. It has maintained a diminishing growth pattern after a huge Retail Sales released figure in April with 9.8% increase.
Canada’s growth pattern has been in pace consistent with the developed nations. Tracking its growth trajectory through series of global recession, the economy was often seen roaring back with progressive move and job market upside bounce. On the first wave of the virus hit, more than two million people were left unemployed and rising risk sentiment took its tool. The Canadian dollar index declined rapidly and smashed series of successive support zones.
Overnight Rate is the interest rate in which the major financial institutions in Canada borrow and lend overnight funds among themselves.
For decades, the Bank of Canada has used the interest rate as a strong driver towards attaining its policy objectives. The three of Its core monetary policy goals are maximum employment, Price Stability and Moderate long-term interest rates.
The Non-Farm Payroll (NFP) is a monthly measure of the United States labor market health, released every first Friday of the month by the Bureau of Labor Statistics.
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