AUD/USD Outlook: Aussie Is Consolidating After Heavy Losses, Eyes US Jobs Data For Fresh Signals
The Australian dollar is consolidating above a new seven-week low at 0.7645, posted after a 1.32% drop on Thursday, driven by upbeat US data that inflated the US currency. Fresh bears (Thursday’s fall market the biggest one-day-loss since May 12)...
NZDUSD Recoups Some Of The Strong Losses
NZDUSD plummeted in a new one-month low around 0.7124 in the preceding sessions, however, it is currently trying to recoup some of the losses. The RSI is gaining some ground in the oversold territory, while the stochastic is getting ready...
EUR/USD Pair Is Now Struggling To Recover From The 1.2114 Low
The Euro started a fresh decline from the 1.2255 resistance zone against the US Dollar. The EUR/USD pair broke the 1.2200 support zone to move into a short-term bearish zone. It even broke the 1.2150 support and settled well below...
GBPJPY Takes A Breather But Route Remains Northbound
GBPJPY has temporarily ceased its bullish bearing at a resistance belt, moulded between the 156.00 hurdle and the peak of February 2018 at 156.60. Nonetheless, the climbing simple moving averages (SMAs) are endorsing the broader bullish structure, while the Ichimoku lines...
USDCHF Triangle Watch
The Swiss franc currency is starting to break higher against the US dollar after the pair staged a notable breakout from a large symmetrical triangle pattern. The one-hour time frame shows that the USDCHF pair could rally towards the 0.9080...
GBP/USD Is Bearish Prior To The NFP
The GBP/USD is bearish after the ADP and we should see a retest of a trend line for further selling. If the price gets to the POC zone again, we might see a rejection. 78.6-88.6 is the zone where we...
Dollar Rebounded Strongly and Broadly as Focus Turns to Non-Farm Payrolls
Dollar rose broadly overnight, following solid job and services data, and remains firm in Asian session. Nevertheless, the real test lies in today’s non-farm payroll report. As of now, Yen is the second strongest for the week, following the green...
RBA Will Not Extend YCT and Will Move to More Flexible QE Model
Introduction The RBA Board is likely to decide that there will be no extension of the YCT to the November 2024 bond at the July Board meeting because such action would imply no tightening till 2025. Westpac disagrees with that...
Wall Street should brace for ‘larger than normal price swings,’ PNC’s chief investment officer warns
A top investor expects volatility to dominate Wall Street for months. Amanda Agati, PNC Financial’s chief investment officer, lists stretched market valuations, Federal Reserve taper chatter and the end of stimulus checks as troubling forces in the market. “You have...