FX

Share: EUR/GBP gains for four consecutive days, up 0.81% for the week, trading at 0.8635 but failing to break through the 100-day EMA at 0.8655. The Bank of England’s 25 bps rate hike influences the pair’s movement, capping further advance. Technical outlook reveals an inverted head-and-shoulders chart pattern, targeting 0.8900. EUR/GBP rallies for the fourth

Share: EUR/JPY bulls defended the 20-day SMA, and the cross established itself above 156.00. Factory orders from June unexpectedly rise by 7%. BoJ’s hawkish signals and rising Japanese yields may limit the pair’s gains. On Friday, the EUR/JPY traded above the 156.00 zone, boosted by a stronger Euro following industrial data from June but still, bullish

Share: Mullen held its shareholder meeting on August 3 but it is unclear whether the company received enough votes for another reverse stock split. July US Nonfarm Payrolls surprised to the downside – weighing on the US Dollar but supporting stocks. S&P 500 and NASDAQ 100 both gain in early Friday trade Mullen Automotive (MULN) stock

Share: Analysts at Rabobank see the US Dollar appreciating against the Euro and the Pound over the next few months. They point out that the relative resilience of the US economy suggests that it will be some time before monetary policy is eased. Key quotes:  “Fitch’s decision to downgrade the US credit rating has turned

Share: The US Dollar consolidate its weekly gains on Friday. The US Dollar Index moves sideways near 102.50 after touching a multi-week high on Thursday. US July jobs report could drive the USD’s performance heading into the weekend. The US Dollar lost some strength after on Thursday but managed to stabilize early Friday.  The USD

Share: EUR/USD falls to 1.0912 but rebounds before breaching 1.0900, trading at 1.0942 with a slight gain of 0.04% on Thursday. A potential doji formation shows market indecision; the pair might consolidate within the 1.0900/1.1000 range, with 100-day EMA at 1.0894 as a key support level. Resistance lies at 1.0971 (50-day EMA), with further upside

Share: Economist Enrico Tanuwidjaja and Junior Economist Agus Santoso at UOB Group comment on the latest release of inflation figures in Indonesia. Key Takeaways Indonesia’s headline inflation in Jul eased to 3.1% y/y viz. 3.5% in Jun, underpinned largely by decrease in agricultural commodities due to an improvement in food production and stocks. The implementation

Share: NASDAQ Stock Market Report: Analyzing Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms, Netflix (NFLX), and Alphabet (GOOGL) Video Chapters00:00  NASDAQ 100 07:26 Apple (AAPL)10:59 Amazon (AMZN)12:33 NVIDIA (NVDA)13:23 Meta Platforms (META)15:55 Netflix (NFLX) 16:30 Alphabet (GOOGL)17:55 Microsoft MSFT18:33 Tesla (TSLA)21:16 End Welcome to our comprehensive stock market report, where we delve

Share: Gold price recovers as investors await US labor market data. The US Dollar Index struggles for a firm footing as US Factory activities contract for ninth months consecutively. The impact of a decline in Gold demand, reported by the World Gold Council, starts fading. Gold price (XAU/USD) bounced back after gauging intermediate support near

Share: The GBP weakened on Tuesday against the USD as the Greenback gained ground against most of its rivals. Ahead of Thursday’s Bank of England (BoE) decision, the weak British made the GBP lose interest while markets await key labour data from the US. Economic data reported on the session from the US came in

Share: Economists at Commerzbank analyze Greenback’s outlook after the US GDP data for Q2 provided some strong support for the USD last week. Further tightening would reduce the possibility of a soft landing for the US economy Strong economic data constitute a double-edged sword for the Dollar. On the one hand, the prospect of a

Share: GBP/USD is offered on Monday, extending losses from Friday while the dollar index is finishing July down after a similar loss in June. However, the Greenback is rebounded from July lows that printed following below-forecast US core PCE that favoured the Fed being done with rate hikes. The following illustrates the prospects of a low close for the day

Share: The Dollar is proving quite resilient. Economists at ING analyze USD outlook. Dollar can probably trade out ranges over coming weeks Cross-market volatility remains low – perhaps as investors are now expecting prolonged pauses in core interest rate markets. This remains a negative for the Japanese Yen and a positive for the high yielders

Share: GBP/USD bears eye a 50% mean reversion if not the 61.8%ratio. The 4-hour W-formation neckline support has a confluence with the 78.6% Fibonacci.  GBP/USD ended at around 1.2840 on Friday after reaching its lowest level since July 6 while investors remain concerned that the hawks will continue to circle over the Federal Reserve following

Share: WTI is attempting to breakdown but the bulls stay in charge. A break of $79.00 is required for bearish thesis to be solidified.  WTI crude also rose  4.6% for the week, marking the fifth consecutive weekly increase, the longest winning streak since the week ending June 10, 2022. This leaves the longs exposed for the

Share: The two-day BOJ meeting concluded with an unexpected adjustment to the Yield Curve Control. Germany’s Inflation data came in line with expectations of 6.5% but lower than the previous 6.6%, and Q2 GDP data disappointed. Ueda’s dovish tone weights on the Yen. At the time of writing, the EUR/JPY pair is trading near the 155.50

Share: Thursday proved a bad day back in the office for EUR/USD. Economists at ING analyze the pair’s outlook. ECI to the rescue The ECB press conference proved a negative for the Euro as ECB President Lagarde backed away from a September rate hike and seemed to acknowledge both softer activity data and welcome disinflation.

Share: GBP/JPY sells-off on BoJ sentiment ahead of Friday’s meeting. GBP/JPY drops into a potentially strong area of support in the 177.70/90s as per the hourly structure. Bears also eye the Point of Control near 177.00 and then a swing support area at 176.50.  GBP/JPY collapses on a strong hint from Nikkei news that the