Week Ahead – European PMIs Could Spell More Bad News for Euro
The euro has been demolished by fears that new lockdowns will hit economic growth. This has turbocharged the dollar as traders look for shelter, and the upcoming business surveys will be crucial for whether this rotation continues. Meanwhile, markets are...
Euro Hammered as Lockdown Returns, Risk Sentiments Turn Sour
Euro’s recovery was rather short-lived as selling returns after dovish comments from ECB president. Also, Austria returned to full lockdown while Germany may follow on the fourth wave of COVID-19 infections. Yen rises broadly today as risk sentiments turn sour....
Stocks making the biggest moves premarket: Foot locker, Dillard’s, Farfetch and others
Check out the companies making headlines before the bell: Foot Locker (FL) – Foot Locker slid 3.6% in the premarket after the athletic footwear and apparel retailer said it expects global supply chain constraints to persist through this quarter. The...
GBP/AUD Breakout Below 1.8495 As Selling Is Underway
GBP/AUD technical analysis Bullish trend but resistance is reached. The price has reached historical sellers. Rejection below W H5. W H4 is possible target. Support order block. Historical sellers at order block. Low. Fresh sellers. Breakout. GBP/AUD has formed the...
EUR/USD Outlook: Reversal Signals Fade As Euro Remains Heavy On Weak Data And Firm Dollar
The Euro slips in early Friday, reducing hopes for stronger recovery, as fresh weakness offsets signal from reversal pattern that formed on daily chart. On Wednesday’s long-tailed Doji and Thursday’s long bullish candle. Traders remain very short Euro, as dollar...
GBPJPY Recovers Above MAs As Upside Impetus Improves
GBPJPY is recouping some lost ground from the pullback off the near 64-month peak of 158.20. The longer-term 200-day simple moving average (SMA) is endorsing the positive structure in the bigger picture, while the rising 50-day SMA is promoting the...
EUR/USD Pair Is Currently Correcting Losses From The 1.1268 Low
The Euro started a fresh decline below the 1.1400 support against the US Dollar. The EUR/USD pair traded below the 1.1320 support to move into a bearish zone. The pair even settled below the 1.1400 level and the 50 hourly...
US 30 Struggles To Rally Back
The Dow Jones is under pressure as investors fear that inflation could choke off economic recovery. The index has been struggling to reclaim the landmark 36000, which coincides with the 20-day moving average. The faded rebound suggests exhaustion after a...
NZD/USD Bounces Off Demand Area
The New Zealand dollar inches higher as traders are positioning for an RBNZ rate hike next week. From the daily chart’s perspective, the pair has bounced off the demand zone near the psychological level of 0.7000. A bullish RSI divergence...
USD/CHF Seeks Support
The US dollar stalled after weekly jobless claims came in higher than expected. The pair’s attempt above the daily resistance at 0.9310 suggests that the bulls may have gained the upper hand. Intraday buyers’ profit-taking led by the RSI’s overbought...
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