Friday, July 30, 2021

USD/CHF In A Deeper Correction

The US dollar tumbled as US GDP growth in Q2 came out below market expectation. The breakout below 0.9120 was a confirmation that the...

USD/JPY Tests Key Support

The Japanese yen finds support as June’s unemployment rate fell below 3%. A bearish MA cross on the daily chart is likely to cloud...

GOLD Breaks 1,825.00 Resistance

On Thursday, the yellow metal’s price managed to pass the resistance of the zone that is located near the 1,825.00 mark. On Friday morning,...

Equity Losses Generally Seen In Asia

General trend Hang Seng again weighed down by TECH index. Shanghai Composite ended morning trading off of the lows . Nikkei has extended decline;...

USD/JPY Reaches Below 109.50

As the 55-hour simple moving average approached the USD/JPY from above, it pushed the USD/JPY down. At midnight to Friday, the rate had shortly...

GBP/USD Fails To Reach 1.4000

The GBP/USD failed to reach the 1.4000 mark. On Thursday, the rate bounced off the resistance of the 1.3983 level. On Friday morning, the...

EUR/USD Apporached 1.1900

During the GMT midnight hour to Friday, the EUR/USD approached the resistance of the weekly R3 simple pivot at 1.1897 and the 1.1900 mark....

How The Russell 2000 Brushed Off Events In China To Set Up A Period...

A fall of this magnitude in Chinese stocks would have flowed through into other regional capital markets in days gone past. One of my...

Dollar Soft after Selloff, Euro Awaits GDP

Dollar suffered another round of selloff overnight and stays soft. Mild risk aversion in Asia is not helping the greenback much. But commodity currencies...

Market Morning Briefing: Dollar-Yen Is Likely To Hold Above 109

STOCKS Dow hovers at the upper end of its 33000-35100 range and is likely to break the range on the upside. DAX is moving...