AUD/USD Forecast July 9-13 – Recovery Ltd.

The Australian dollar made an attempt to recover but never went too far. What’s next? Here are the highlights of the week and an updated technical analysis for AUD/USD. The Reserve Bank of Australian left the rates unchanged and the statement almost untouched. Nevertheless, the Aussie liked it as it stood out against the RBNZ’s dovishness. Australian […]

USD/JPY Forecast July 9-13 – Time to pick a direction?

Dollar/yen had a relatively stable week in the mid 110s. This sideways movement came despite big events in the US and the imposition of trade tariffs. Will the pair finally move now? Inflation and further trade skirmishes are eyed. USD/JPY fundamental movers Weak wages, trade taken with a stride The US jobs report beat expectations on the headline […]

EUR/USD Forecast July 9-13 – Focus on the ECB’s messages

EUR/USD stabilized on a calmer mood and the final end of the German political crisis. What’s next? The ECB Meeting Minutes stand out in the second week of July. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Germany’s political crisis suffered another round of worries on Monday but […]

GBP/USD Forecast July 9-13 – White Paper on Brexit eyed

GBP/USD enjoyed some upbeat PMI figures to recover but things became more complicated later on. The White Paper on Brexit, manufacturing production, and other figures await the pound. Here are the key events and an updated technical analysis for GBP/USD. Contradicting reports about the government’s stance on Brexit move the pound back and forth as well […]

Non-Farm Payrolls live coverage

The US Non-Farm Payrolls report is expected to show an acceleration in wage growth, to 2.8% y/y. These are high levels that imply a robust pace of rate hikes. Job growth is forecast to remain around the 200K level. The US imposed tariffs on China and this serves as a significant diversion from the important […]

EUR/USD looking good ignoring the trade wars

The EUR/USD holds onto the higher ground above 1.1700, riding uptrend support. The US tariffs on China are weathered by the markets for now. The US Non-Farm Payrolls is causing some tension. The EUR/USD is trading above 1.1700, slightly up on the day and in relative calm. US tariffs on Chinese goods worth $34 billion of goods […]

EUR/USD: Is the only way up on NFP day?

The EUR/USD took baby steps but made its way to the upside, looking hesitant ahead of the all-important US Non-Farm Payrolls. Where next? It may be easier to extend its gains than fall back. The Technical Confluences Indicator shows that the pair has significant support at 1.1680 which is the congestion of the Bolinger Band 1h-Lower, the Fibonacci 61.8% one-day, the Simple […]