August, 2020 | Forex robots store

The unemployment rate fell in July. Here’s why that’s important

A Jos. A. Bank store location in San Francisco announces its permanent closure on Aug. 6. David Paul Morris/Bloomberg via Getty Images The unemployment rate fell for the third straight month, to 10.2% in July. That exceeded expectations, as employers...

AdminAug 7, 2020

Fundamental analysis of Forex market

Week Ahead – Dollar Eyes US Stimulus Talks, Retail Sales; UK GDP and RBNZ in Focus Too

Congressional talks in the United States on a new virus relief package will dominate the market headlines yet again in the coming week as the durability of the latest risk-on episode rests on a deal being reached. But investors will...

AdminAug 7, 2020

Finance news

Payrolls increase by nearly 1.8 million, topping expectations despite coronavirus resurgence

Two months of record-setting payroll growth slowed in July but was still better than Wall Street estimates even as a rise in coronavirus cases put a damper on the struggling U.S. economy. Nonfarm payrolls increased 1.763 million for the month,...

AdminAug 7, 2020

Market overviews

Dollar Shrugs Better Than Expected NFP, Still Struggling to Extend Rebound

Reactions to the better than expected job data from US and Canada are rather muted. The greenback is currently trying to extend recovery. Yet, it’s still the worst performing one for the week. Eyes remain on developments of US-China relations....

AdminAug 7, 2020

Technical analysis of Forex market

Gold Breezes Past USD2000 -What’s Next?

Up, up and away! Gold is poised to have a fifth consecutive winning week. It has been all smiles for the yellow metal, which has surged in the wake of the Covid-19 pandemic. Since April 1, gold has shot up...

AdminAug 7, 2020

Technical analysis of Forex market

GBP/USD Trades At 1.3090

Yesterday, the GBP/USD exchange rate reversed south from the psychological level at 1.3180. During Friday morning, the rate was trading at 1.3090. It is likely that the currency pair could be pressured by the 100-hour SMA near 1.3100 and trade...

AdminAug 7, 2020

Technical analysis of Forex market

USD/JPY Consolidates At 105.60

On Thursday, the USD/JPY currency pair consolidated in the 105.60 area. During today’s morning, the pair maintained its consolidation. Given that the exchange rate is supported by the weekly PP and the 200-hour SMA at 105.40, it is likely that...

AdminAug 7, 2020

Technical analysis of Forex market

XAU/USD Could Consolidate

Yesterday, the XAU/USD exchange rate raised to the 2,070.00 level. During Friday morning, the rate was trading at 2,060.00. It is likely that yellow metal could gain support from the monthly R1 at 2,056.09 and extend gains against the US...

AdminAug 7, 2020

Fundamental analysis of Forex market

There Is A Variety Of Trends On Currency Majors. Investors Expect Data On The Labor Market

The US dollar has become stable against a basket of currency majors. The US dollar index (#DX) closed yesterday’s trading session with a slight decline (-0.09%). Traders monitor the talks in Washington on new measures to stimulate the American economy....

AdminAug 7, 2020

Technical analysis of Forex market

GBPUSD Between A Bearish Formation And A Bullish Breakout

GBPUSD topped around 1.3169 twice in a week and reversed south, raising worries that the bulls may soon give up the game in the four-hour chart. While the weakness in the RSI and the MACD is justifying the latest negative...

AdminAug 7, 2020

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Month: August 2020

The unemployment rate fell in July. Here’s why that’s important

Week Ahead – Dollar Eyes US Stimulus Talks, Retail Sales; UK GDP and RBNZ in Focus Too

Payrolls increase by nearly 1.8 million, topping expectations despite coronavirus resurgence

Dollar Shrugs Better Than Expected NFP, Still Struggling to Extend Rebound

Gold Breezes Past USD2000 -What’s Next?

GBP/USD Trades At 1.3090

USD/JPY Consolidates At 105.60

XAU/USD Could Consolidate

There Is A Variety Of Trends On Currency Majors. Investors Expect Data On The Labor Market

GBPUSD Between A Bearish Formation And A Bullish Breakout

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Month: August 2020

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