Market Morning Briefing: Pound Fell Sharply From 1.39
STOCKS Corrective dip is seen in Dow and Dax but overall seem to be ranged within the broad 35250-35500 and 15600/15550-16000 range respectively for the near term. Nikkei has risen very sharply today,a further rise towards 30000 is possible in...
Big Miss to NFP, Will it Keep the Fed on Hold?
The Non-Farm Payroll headline print for August was unexpected to say the least. The US economy added just 235,000 jobs to the economy vs 750,000 expected. The July revision from 943,000 to 1,053,000 was hardly a consolation given the large...
EUR/USD Outlook: Broke Key 1.1820 Resistance Zone to Move into a Bullish Zone
The Euro started a fresh increase above the 1.1800 resistance zone against the US Dollar. The EUR/USD pair broke the key 1.1820 resistance zone to move into a bullish zone. The pair even cleared the 1.1850 zone and settled above...
GBPJPY Improves After Bounce Around Familiar Floor
GBPJPY, although having nudged over the 50-day simple moving average (SMA) at 151.85, has yet to overstep the Ichimoku cloud’s upper surface, residing between the 50-and 100-day SMAs. The 100- and 200-day SMAs are backing a positive picture, while the...
GBP/USD Outlook: Bulls Hold Grip Ahead Of US Jobs Data
Cable is consolidating round pivotal Fibo barrier at 1.3837 in European trading on Friday, following Thursday’s 0.46% advance and awaiting US labor data for fresh signal. Near-term structure firmed after Thursday’s lift above three-day congestion and close above converged 30/55/200DMA’s,...
Gold Analysis: Reveals Triangle Pattern
The previously assumed-to-be sideways trading of the yellow metal has been slowly decreasing volatility. Moreover, by inspecting the hourly candle chart, a triangle pattern has been spotted. In theory, all trading in a triangle pattern eventually ends with a break out...
USD/JPY Analysis: Trades Around 110.00
Since the middle of Wednesday’s trading, the USD/JPY has continued to trade sideways around the 110.00 level. However, up to the start of Friday’s trading, the rate was finding support in the 200-hour simple moving average. On Friday, the rate...
GBP/USD Analysis: Breaks 1.3800 Level
The GBP/USD currency exchange rate managed to pass the resistance of the 1.3800 level. It resulted in a sharp surge, which stopped, as it approached the 1.3850 mark. Afterwards, the GBP consolidated its gains against the US Dollar by retracing...
USDCAD At Risk Of More Declines, Uptrend Still Valid
USDCAD bears snapped the ascending trendline after a three-day battle on Thursday, forcefully pushing the price towards the 50- and 200-day simple moving averages (SMAs) and to a two-week low of 1.2539 ahead of the all-important US nonfarm payrolls . With the...
GBP/USD – A Strong Barrier of Resistance
Can it break back into bullish territory? The dollar has come under pressure over the last couple of weeks as the economic data has necessitated a more dovish line from the Federal Reserve . The result is that, despite breaking...