US Dollar Sell-Off Stalls After Strong US ISM Services Report; NFPs Released on Friday
Strong ISM services data has helped to stem the recent US dollar sell-off with the business activity index seen at its highest level since November 2022.
Read More »EUR/USD holds positive ground above 1.0850 ahead of ECB rate decision
The EUR/USD pair gains ground around 1.0875 despite the recovery of the US Dollar (USD) during the early Asian session on Thursday.
Read More »US Dollar Price Action Setups: EUR/USD, AUD/USD, USD/CHF Levels to Watch
US dollar setups come into focus as data weakens. EUR/USD awaits ECB cut, AUD/USD eyes lower levels on waning risk appetite, and USD/CHF flashes overheating signals after a sharp drop
Read More »Japan Services PMI for May 2024: 53.8 (prior 50.6)
Jibun Bank Services PMI May Final: 53.8 prior 53.6 Composite 52.6 prior 52.4 more to come Earlier this week: Japan Jibun Bank May Manufacturing PMI (final) 50.4, first expansion in…
Read More »Japan’s Labor Cash Earnings rise faster than expected to 2.1% YoY versus 1.7% forecast
Japan’s Labor Cash Earnings rose 2.1% YoY through April, rising above the forecast 1.7%, with the previous period’s cash earnings also getting revised higher to 1.0% from the inital print…
Read More »Bitcoin (BTC), Ethereum (ETH) – Technical Outlooks
Bitcoin is currently stuck in a sideways pattern unable to break above $70k. BTC/USD is now starting to press this level again and may be priming for another run at…
Read More »Dollar faces pressure as data talks once again
The report here was softer than estimated, with prices paid also easing back from April. The positive for the dollar? Employment conditions are still holding up well but that’s about…
Read More »Euro Outlook Ahead of the ECB Rate Decision – EUR/USD, EUR/CHF Setups
Euro in focus ahead of the highly likely ECB rate cut. Euro positioning has improved in recent weeks and softer US data could improve the outlook for the single currency
Read More »Gold price trades with modest intraday losses, downside potential seems limited
Gold price (XAU/USD) struggles to capitalize on the previous day’s goodish bounce from the $2,315-$2,314 area, or over a three-week low and oscillates in a narrow trading band during the…
Read More »Gold Price Forecast: XAU/USD holds below $2,350, geopolitical risks remain in focus
Gold price (XAU/USD) edges lower to $2,325 on Monday during the early Asian trading hours.
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