TAG EUR/USD technical levels
GBP/USD: Trading the British Average Earnings Index
British Average Earnings Index, released each month, is a leading of consumer inflation. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 8:30 GMT. Indicator Background The Average Earnings Index is closely watched by analysts, and as a [&hellip
EURUSD 4 Hour Bullish Rejection Candle Swing Trade
Looking at a bullish rejection candle that has formed on the 4 hour time frame of the EURUSD. I call these ones ‘thick body’ rejection candles because in this case, the candle signal has a thick bullish body – which gives the setup a little more bullish presence. The candlestick buy signal formed right on [&hellip
The week that may set the tone for financial markets into the end of the year is off to a relatively slow start, though not surprising given the event risk to come in the latter half of the week. Global equities are cautiously optimistic Beijing will be forced to respond to the recent dour economic [&hellip
EUR/USD to 0.95 within 12 months – Goldman Sachs
The euro often seems to be living in its own world, but risks are certainly out there. The team at Goldman Sachs explains the potential misfortune for the pair: Here is their view, courtesy of eFXnews: Since the beginning of the year, EUR/USD has exhibited an increasingly negative correlation to risk sentiment: in particular, when risk [&hellip
Fed Up With The USD Or Not Just Yet? – Credit Agricole
How will the Fed decision impact the US dollar. It doesn’t depend solely on the rate hike. Here is the view from Credit Agricole, which also sees an upside for the USD against the euro and the yen: Here is their view, courtesy of eFXnews: The September FOMC decision is the main event this week [&hellip
Fed decision in September – all the updates
The clock is ticking towards September 17th, when the US Federal Reserve will announce if it raises the interest rates for the first time since 2006 or not. Will the Fed lean towards economists and hike because of improving employment and improving domestic conditions in general? Or will Yellen and co. follow market signals and leave policy unchanged [&hellip
GBPUSD Bullish Candlestick Reversal Pattern on Daily Chart
The GBPUSD has recently suffered a hard drop of 8 days of intense selling, moving price from a larger range structure top, sharply to the bottom support. During the 8 day sell off we haven’t seen any bullish closing days! Now the market has reached a major support level, the bulls have finally decided to step in [&hellip
EUR/USD approaches daily highs
FXStreet (Córdoba) – EUR/USD has moved closer to the upper-side of its daily range but overall continues to trade very quietly given the US Labour Day holiday.
EUR/USD recovered some ground and has continued to move away from last week’s lows but lacked strength to rise beyond the 1.1180 zone. At time of writing, the pair is trading at 1.1169, little changed on the day.
Last Friday, the nonfarm payrolls showed the US economy added 173,000 new jobs in August versus 220,000 expected leaving investors wondering whether jobs market recovery would be strong enough for the Fed to hike rates next week.
EUR/USD technical levels
On the upside, immediate resistances could be found at 1.1189 (Sep 4 high), 1.1243 (Sep 4 high) and 1.1272 (200-day SMA). On the other hand, supports are seen at 1.1120/16 (Sep 4 low/100-day SMA), 1.1086 (Sep 3 low) and 1.1058 (Aug 17 low).
EUR/USD has moved closer to the upper-side of its daily range but overall continues to trade very quietly given the US Labour Day holiday.
(Market News Provided by FXstreet)