Fed Chairman Powell thought it was ‘terrific’ that a senator defended him against Trump
Federal Reserve Chairman Jerome Powell holds a news conference following a closed two-day Federal Open Market Committee meeting in Washington, September 18, 2019. Sarah Silbiger | Reuters In public, Federal Reserve officials repeatedly have said they don’t pay attention to...
Week Ahead – RBA Meeting and US Payrolls in Focus as Virus Worries Linger
The Reserve Bank of Australia (RBA) is the sole major central bank that will meet next week but that doesn’t mean the calendar is light, as there’s a cascade of crucial economic data to keep things exciting. The US employment...
Dollar Mildly Lower after PCE Inflation, But Commodity Currencies Even Weaker
Dollar turns slightly weaker in early US session as core PCE inflation data stayed well below Fed’s target. Nevertheless, as risk aversion remains in the markets, commodity currencies continue to be the weakest ones. Sterling continues to rise on post...
XAU/USD Remains Below 1,585.00
On Thursday, the XAU/USD exchange rate failed to surpass the 1,585.00 level. During today’s morning, the rate was trading at 1,580.00. Note that yellow metal could gain support of the 55– and 100-hour moving averages, currently located circa 1,575.00. Thus,...
USD/JPY Pressured By 55-And 100-Hour SMAS
Yesterday, the USD/JPY currency pair reversed north from the lower boundary of the rising wedge pattern. During Friday morning, the pair tried to surpass the 109.00 level. Note that the exchange rate pressured by the 55– and 100-hour moving averages,...
GBP/USD Skyrocketed To 1.3120
Yesterday, the GBP/USD exchange rate skyrocketed to the 1.3100 level. During Friday morning, the rate tried to surpass the 1.3120 level. From the one hand, it is likely that some downside potential could prevail in the market. In this case...
EUR/USD Trades At 1.1035
On Thursday, the EUR/USD currency pair broke the short-term descending channel. During today’s morning, the pair was trading near 1.1035. Note that the exchange rate gained support of the 55– and 100-hour SMAs at 1.1018. Thus, it is likely that...
GBPCAD Bullish At Six-Week Highs, Indicators Remain Positive
GBPCAD has gained this week but it managed to still hold within the Ichimoku cloud in the daily timeframe. The price ran to a fresh six-week peak today at 1.7376, climbing above 1.7340, which is the 23.6% Fibonacci retracement level...
GBPUSD Recovery Continues
The British pound has continued to recover higher against the US dollar this morning, placing the 1.3170 resistance level back into focus. Sustained gains above the 1.3135 level should help encourage buyers to test towards the GBPUSD pairs former weekly...
USDJPY Back To 109.00 Pivot
The US dollar has returned to the pivotal 109.00 level against the Japanese yen currency, after the pair bounced from the 108.58 support level. Going forward, further weakness in the USDJPY pair should be expected while price trades below the...