FX

Share: Pound Sterling has found support below the crucial support of 1.2800 ahead of the anticipated speech from Andrew Bailey. United Kingdom’s economic outlook is under threat as investors expect a higher interest rate peak. In addition to Bailey’s speech, UK’s labor market data on Tuesday will be keenly watched. The Pound Sterling (GBP) has delivered a

Share: AUD/USD remains below the 200-day SMA through the Asian session on Monday. The emergence of some USD buying turns out to be a key factor capping the pair. China’s economic woes also contribute to keeping a lid on the China-proxy Aussie. The AUD/USD pair struggles to capitalize on Friday’s strong positive move and remains

Share: Mexican Peso recovers as weak US data sparks a sell-off, bringing USD/MXN down from a four-week high. US job growth disappoints, triggering Dollar weakness; inflation fears persist as Average Hourly Earnings rise. Mexican inflation declines for the fifth month, defying estimates; CME FedWatch Tool shows heightened odds for a Fed rate hike. The Mexican

Share: On Friday, the EUR/JPY found support at the 155.40 area, near the 20-day SMA and then settled at 155.80 The JPY strengthen agains most of its rivals amid strong Labor Cash Earning data from Japan. Eyes on German CPI data next Tuesday. At the end of the week, the EUR/JPY traded with losses for

Share: The US dollar weakens across the board after the US official jobs report. EUR/USD gains momentum after breaking above 1.0930. The pair is heading for its highest weekly close since May. The EUR/USD pair gained momentum amid a weaker US Dollar following the release of US employment data. After breaking above 1.0930, the Euro

Share: Canadian Dollar claws back losses suffered overnight after underwhelming NFP data bursts Thursday’s optimism.   CAD finds a friend in rising Crude Oil prices and after data shows a fall in stockpiles.  USD/CAD trend is now bullish both on shorter and longer time frames after decisive breach of key 1.3270 lower highs.   Canadian Dollar (CAD)

Share: Euro regains composure and advances past 1.0900 vs. the US Dollar. Stocks in Europe trade mostly with gains on Friday. EUR/USD manages to trespass the 1.0900 region to 4-day highs. US jobs report showed mixed readings during last month. ECB’s Christine Lagarde speaks later in the day. The Euro (EUR) manages to regain some shine and advances to

Share: EUR/USD fades bounce off three-week low ahead of top-tier catalysts. Euro buyers cheer more hawkish ECB bias than Fed amid mixed EU, US data. US employment clues amplify trader’s anxiety ahead of NFP even as Fed’s 0.25% rate hike in July is almost given. ECB President Lagarde needs to push back concerns of policy

Share: Today’s instrument is the Tilray Inc., a company that engages in the research, cultivation, production, marketing, and distribution of medical cannabis products, and whose stock is traded in Nasdaq exchange under the ticker TLRY. Looking at the TLRY’s chart, we can see that it is in a downtrend, and it was lastly traded at

Share: Silver Price (XAG/USD) fades upside momentum after refreshing a two-week high, as well as posting a four-day winning streak, to $23.30 as it eases to $23.00 amid an early Asian session on Thursday. The latest retreat in the Silver Price could be linked to the downbeat options market signals, as well as the market’s

Share: AUD/USD is seeking a cushion around 0.6660, however, the downside seems favored. The US Dollar Index is expected to show severe volatile moves ahead of the FOMC minutes. AUD/USD has slipped below the Rising Channel chart pattern, which indicates a bearish reversal. The AUD/USD pair is looking for a cushion around 0.6660 in the

Share: USD/MXN struggles to defend corrective bounce off the lowest levels since December 2015. Remittances to Mexico hit record high in May, US Dollar’s struggle add strength to Peso’s run-up. Mexican Consumer Confidence, FOMC Minutes will be in the spotlight. USD/MXN licks its wounds at the lowest levels since December 2015, fading the corrective bounce

Share: EUR/GBP has slipped sharply to near 0.8570 as the BoE is set to raise interest rates further. Headline inflation in the UK is sticky above 8.7% as higher costs of services have faded the impact of lower gasoline prices. ECB Lagarde has conveyed that the current monetary policy is not sufficiently restrictive to bring

Share: AUD/USD grinds higher past short-term support line, prods key EMA resistance confluence. RSI, MACD conditions suggest further upside of Aussie pair but concerns of 200-EMA, 100-EMA prods buyers. Pre-RBA anxiety also restricts immediate Aussie pair moves amid indecision about no rate hike versus 0.25% rate increase. AUD/USD bears need validation from 0.6810 whereas bulls

Share: The US Dollar edges higher as markets pair back overreaction from past Friday. Focus turns to US ISM data before markets close early on Monday in a shortened session. The US Dollar Index jumps back above 103.00,  right in the middle of a one-month range. The US Dollar (USD) is comfortably in the green

Share: NZD/USD fails to defend the week-start gap towards the north. 200-HMA, top line of immediate bullish channel and a fortnight-old falling trend line challenge Kiwi buyers. Convergence of 50-HMA, channel support puts a floor under the price. China Caixin Manufacturing PMI, US ISM Manufacturing for June eyed for clear directions. NZD/USD retreats from intraday

Share: Despite daily gains, the XAU/USD is set to close a third consecutive week of losses, near the $1,920 area. Declining yields amid soft PCE figures weakened the USD favouring Gold prices. On Friday, the gold spot XAU/USD traded with nearly 0.50% gains, jumping near the $1,920 area. Soft Personal Consumer Expenditures from the US

Share: EUR/GBP slides as UK bond yields surpass German bond yields, strengthening the Pound. From a technical perspective, the pair exhibits a neutral to downward bias, with long-term daily EMAs standing above exchange rates. The EUR/GBP must regain the 0.8600 level and surpass the May 24 daily low resistance of 0.8648 to shift its bias.