Turkish Lira Tumbles To Record Lows
The US Dollar was mixed against all of its major pairs on Thursday. On the U.S. economic data front, Initial jobless claims fell by 249 thousand last week to 1.19 million, the lowest since March. Continuing claims decreased to 16.1...
EURJPY Maintains a Positive Trajectory Despite Pullback
EURJPY continues to dictate an improving picture as price triumphs above the Ichimoku cloud and the simple moving averages (SMAs). The advancing Ichimoku lines and positively charged SMAs endorse the prevailing uptrend regardless of the latest weakening in the pair....
XAU/USD Analysis: Tests Monthly R1
Yesterday, the XAU/USD exchange rate raised to the resistance level—the monthly R1 at 2,056.09. During Thursday morning, the rate was testing the given resistance. If the predetermined resistance holds, it is likely that a reversal south could occur. In this...
NZD/USD Momentum Event Triggered
On the U.S. economic data front, the Mortgage Bankers Association’s mortgage applications declined 5.1% in the week ended July 31st after falling 0.8% in the prior week. The ADP research institute’s July jobs report showed a gain of only 167...
GBP/USD – All Eyes on Bank of England
With only one British indicator on the Thursday schedule, the markets will have plenty of time to focus on the Bank of England, which holds its monthly policy meeting. There is little chance that the bank will alter the Official...
XAU/USD Exceeded 2,000.00
Yesterday, the XAU/USD exchange rate skyrocketed to the 2,030.00 level. During Wednesday morning, the rate exceeded the given level. It is likely that yellow metal is in the overbought area as the 55-, 100– and 200-hour SMAs are located below...
GBPUSD 1.3130 KEY
The British pound has continued to trade above the 1.3000 level against the US dollar currency during the European trading session, as traders continue to buy any dips in the pair. GBPUSD bulls need to break the 1.3130 level to...
EURUSD 1.1840 Key
The euro currency has once again tested towards the 1.1800 level against the US dollar, as the greenback continues to suffer from a lack of overall demand. EURUSD bulls need to break the 1.1840 level to encourage technical buying towards...
GBPUSD Gains Take A Blow, Positive Signals Relatively Intact
GBPUSD hit a snag after its recent appreciation reached a near five-month high of 1.3169, slightly below a significant resistance at the 1.3200 level. The minor retreat in price is mirrored in the reduced bullish slopes of the Ichimoku lines...
Oil Fixed Between $43-44
Early in August, Brent is slightly correcting downwards ad trading at $43.37. While the news flow is quite calm, investors continue monitoring supply and demand in the oil sector, and frankly, they don’t like what the see. A new stage...
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