EURGBP rebounds today after five consecutive sessions of losses at 0.9153 after a sequence of dismal economic data from European Union the previous week. European Monetary Union Consumer Price Index (YoY) came in at 1% missing expectations of 1.1% in July. . On the technical analysis side the bulls are [...]
At the time of writing, gold prices were lower as European stock markets traded higher. Gold prices were down by 0.88%, while the DAX index was up by the same amount. The next support level in gold prices is last week’s low of $1480, and the most bullish investors will [...]
DAX index trading 0.67% higher at 11,638 as trader’s hope of more stimulus from central banks around the globe. European Monetary Union Consumer Price Index (YoY) came in at 1% missing expectations of 1.1% in July. The German GDP shrank by 0.1% in the second quarter from the previous quarter [...]
EURUSD turns higher today after four consecutive days with losses, breaking above the 1.11 mark that opens the way for a visit to 100 hour moving average at 1.1136, after Eurozone June current account balance came in at €18.4 billion vs the previous reading of €29.7 billion. Bears are still [...]
GBPUSD turned sharply lower at 1.2131 after the pair rejected at 1.2172 the daily high. The pair last week got a boost from the UK Retail Sales which rose 0.2% m/m in July beating forecasts, suggesting that the British economy is in better shape than investors feared. GBPUSD stopped at [...]
Asian indices and Nikkei 225 finished higher today as the international trade relations sentiment improved after US and China were looking to move forward with trade talks in September. The Hang Seng finished 2.31 percent higher at 26,326, the Singapore Straits Times index finished 0.61 percent higher at 3,136 and [...]
AUDUSD trades 0.13% higher at 0.6783. Investors closely watch the RBA and a speech by Governor Lowe later this week, as it kept its official cash rate on hold at 1.00%, as widely expected earlier this month. In the daily chart the pair today is testing the support at 50 [...]
EURUSD traders awaiting the Eurozone June Current Account due at 8:00GMT. Investors will closely monitor the Jackson Hole Symposium on 22-24 August for fresh cues on monetary policy , while on Friday the focus will be on Chief Powell’s speech. The sentiment around the Japanese manufacturers turned bearish for the [...]
