EUR/JPY Trendline Resistance At 88.6 Fib
EUR/JPY looks like there could be a bounce or break soon as the market is at the confluence zone. The descending trend line is marking a possible move down as it sits at the 88.6 POC zone confluence. A rejection...
GBPJPY Reaches 100 MA After Bounce At Base Of Trading Range
GBPJPY’s current upward drive is questionable around the 100-day simple moving average (SMA) at 152.43 after the 2½-month floor of the sideways market, halted once again negative tendencies from gaining downward momentum. The converging SMAs and especially the 50- and...
AUD/USD Outlook: Bulls Lose Traction Ahead Of US NFP Data
The Australian dollar dipped below 0.73 mark in Europe on Friday after the action was repeatedly capped by daily Kijun-sen (0.7324), pressured by higher dollar ahead of US jobs report. Daily technical studies generate initial negative signal as stochastic is...
USDCAD Approaches The Lower Bollinger Band Near 1.25
USDCAD is falling after the pullback off the 1.2770 resistance level last week. The price is approaching the lower Bollinger band, while the 20-day simple moving average (SMA) is ready to cross the 40-day SMA to the downside. The MACD...
EUR/USD Outlook: Strong US Jobs Report Could Push Euro Significantly Lower
The Euro remains at the back foot but Thursday’s Doji and tight ranges in early Friday, signal hesitation, as bears face headwinds from cracked weekly cloud base (1.1538). Traders await US jobs report for stronger signals with likely scenario of...
Yen Weakens, Yields and Stocks Surge, Focus Turns to NFP
Following strong rally in US stocks and treasury yield overnight, Yen is trading broadly lower today, together with Swiss Franc. Yen is also the worst performing one for the week, followed by Euro. On the other hand, Canadian Dollar is...
Senator Cynthia Lummis discloses a bitcoin purchase worth up to $100,000
Senator-elect Cynthia Lummis, a Republican from Wyoming, stands for a photo at the U.S. Capitol in Washington, D.C., November 9, 2020. Stefani Reynolds | Pool | Reuters Senator Cynthia Lummis, R-Wyo., just disclosed a sizable bitcoin purchase as the crypto supporter...
Fed Governor Lael Brainard is in line for a key banking position. Here’s what it could mean for Wall Street
Lael Brainard, governor of the U.S. Federal Reserve, speaks during the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, on Monday, Sept. 27, 2021. Al Drago | Bloomberg | Getty Images Federal Reserve Governor Lael Brainard’s increased...
GBP/USD Outlook: Renewed Rate Hike Hopes Keep Sterling Afloat
Cable edged higher on Thursday, following a limited pullback previous day, remaining inflated by improved global risk sentiment. The Bank of England said that the size and duration of a recent jump in inflation is greater than expected, driven by...
Jobless claims post sharp decline to 326,000, better than expectations
The total of Americans submitting jobless claims fell sharply last week as enhanced federal unemployment benefits wound down, the Labor Department reported Thursday. Initial filings for unemployment benefits totaled a seasonally adjusted 326,000 for the week ended Oct. 2, below...
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