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EUR/USD Technical Analysis: Euro Rallies Within Downtrend, Will 1.1600 Be Tested?

Posted by By 24/08/2021Posted inForex
The Euro has rallied somewhat in the last few days against the backdrop of a weaker US Dollar, but it has headwinds still ahead. Can it continue to test higher?
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Gold Price Forecast: XAU/USD Rises as Bullion Traders Brace for Jackson Hole

Posted by By 24/08/2021Posted inForex
Gold prices are pointing higher to kick off the week as the highly anticipated Jackson Hole Economic Policy Symposium approaches. Fed Chair Powell's messaging on taper talks are vital to…
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Nasdaq 100, S&P 500, Dow Jones Technical Outlook for the Week: Momentum Slowing?

Posted by By 24/08/2021Posted inForex
The Nasdaq 100, S&P 500 and Dow Jones futures started off the week with an aggressive rise, but momentum seems to be heading in the opposite direction. What is the…
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Dow Jones Advances on Vaccine Optimism, Hang Seng May Follow Higher

Posted by By 24/08/2021Posted inForex
The cyclically-oriented sectors led the gains on Wall Street after the FDA granted full approval to Pfizer-BioNTech’s Covid vaccine. Asia-Pacific markets opened higher following a strong US lead.
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USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Aug 16, 2021 04:00 GMT when USD/JPY traded near 109.25.

Posted by By 24/08/2021Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.
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US Dollar Outlook: Jackson Hole in Focus for USD/SGD, USD/THB, USD/IDR, USD/PHP

Posted by By 24/08/2021Posted inForex
The US Dollar rose against the Singapore Dollar, Thai Baht and Indonesian Rupiah. While ASEAN Covid case growth is slowing, all eyes next week are on the Fed’s Jackson Hole…
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New Zealand Dollar Forecast: NZD/USD May Rise After Bright Q2 Retail Sales Data

Posted by By 23/08/2021Posted inForex
The New Zealand Dollar is benefiting from risk-on flows after markets recovered from last week's drop. A better-than-expected Q2 retail sales figure out of New Zealand may boost NZD/USD further.
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Chinese Yuan Technical Analysis: EUR/CNH, USD/CNH Rates Outlook

Posted by By 23/08/2021Posted inForex
USD/CNH rates may be losing their summer uptrend, while EUR/CNH rates remain in a multi-month descending channel.
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USD/JPY Rate Struggles to Clear 50-Day SMA Ahead of Fed Symposium

Posted by By 23/08/2021Posted inForex
USD/JPY appears to be stuck in a narrow range ahead of the Fed Economic Symposium as it struggles to push back above the 50-Day SMA (110.16).
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Bitcoin Breakout Finds Fibo Resistance, Cardano (ADA/USD) Fresh Highs

Posted by By 23/08/2021Posted inForex
Bitcoin continued its bullish ways this weekend, testing again above the 50k marker; but it's Cardano that's stealing the show with fresh all-time-highs.
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