The extreme reading in the Relative Strength Index (RSI) is likely to be accompanied by a further appreciation in EUR/USD like the behavior seen in June.
Category: Forex News
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Technology stocks rallied with risk-oriented assets after US jobs data printed better-than-expected figures. AUD/USD is trading at a key cross-section ahead of the RBA Statement on Monetary Policy.
The Canadian Dollar could start to crumble on the back of fresh aluminum tariffs just announced by President Trump, which may jeopardize the USMCA deal, and brings USD/CAD price action into the cro…
USD price action whipsawed over the last five trading sessions; can nonfarm payrolls data on deck spark a move in the US Dollar with enough impetus to breach critical technical barriers?
The Pound Sterling could be ripe for volatility later this week in light of the upcoming revision date to Markit PMI data and a highly-anticipated Bank of England monetary policy update on deck.
Cable is up against confluent resistance, in need of a break while the DXY may recover or move sideways for a bit to work off oversold, overly bearish conditions.
The Japanese Yen has surrendered recent gains since breaking below the key 106.00 support level
A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model
Focus remains on US fiscal stimulus talks. However, volatility is lurking in the Emerging Market space
Traders remain broadly confident about the markets but the next big move will probably not come until the White House and Congress agree, or fail to agree, on an aid package for the US economy.