EUR/USD Price Analysis: Bear flag breakdown on 15-min chart
EUR/USD looks south with the 15-minute chart reporting a bear flag breakdown. That bearish continuation pattern has opened the doors for a drop to 1.1
Read More »US equity futures rally after NFP
US nonfarm payrolls increased 4,800k in June, better than expected, after the upwardly revised 2,699k (was 2,509k) bounce in May following the -20,787k (was -20,687k) collapse in April. The unemployment…
Read More »Australia trade balance for May: AUD +8.025 bn (expected AUD +9bn)
AUD 8.025bn surplus – expected AUD 9bn surplus – prior AUD surplus revised to 7.83bn – exports expected -7% m/m, prior -11% – imports expected -9% m/m, prior -10% AUD…
Read More »S&P 500 Climbs on Strong ISM PMI, China A50 Soars after PBoC Rate Cuts
The S&P 500 index climbed for a third straight day but may struggle to gain momentum ahead of non-farm payrolls data and a market holiday. China A50 index soared after…
Read More »US Data – ADP, PMIs & Vaccine News
EURUSD, H1 US ADP reported private payrolls rose 2.369 million in June. Also, May was revised sharply higher, by 5.825 million to a 3.065 million increase (was -2.760 million). April’s…
Read More »AUD/JPY: Off intraday top after Aussie trade numbers
AUD/JPY eases from the intraday high of 74.45 to 74.38 amid Wednesday’s Asian session. Australia’s trade figures for June become the latest catalysts
Read More »Australian Dollar Resilience Undermined by Break of Bullish RSI Trend
It remains to be seen if the resilience in AUD/USD will carry into July as the Relative Strength Index (RSI) snaps the bullish trend from earlier this year.
Read More »When is China’s Caixin Manufacturing PMI and how could it affect the AUD/USD?
Having witnessed upbeat prints of China’s NBS Manufacturing PMI the previous day, AUD/USD traders eye June month Caixin Manufacturing PMI from the dra
Read More »USDIndex – Is the trend still down?
USDIndex – The Dollar has strengthened after home sales came out better than expected, at 44.3% from the 19.7% predicted and higher than -21.8% seen last month, boosting also stock…
Read More »Japan – Jibun Bank/Markit Manufacturing PMI (final) for June: 40.1 (vs. May was 37.8)
Preliminary was 37.8 (prior 38.4) – 14th straight month in contraction – Lower output and new orders
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