The Dutch unemployment rate continued to increase in August, data from the Central Bureau of Statistics showed on Thursday.
The ILO jobless rate for the 15-75 year age group rose to a seasonally adjusted 4.6 percent in August from 4.5 percent in July.
The pace of increase in the rate has slowed. Bet
As we expected American Dollar rallied last week. It forms Wyckoff accumulation on a daily chart. It makes sense to look for new entries when the short-term oscillator gets oversold. I have to say USA data remains weak, but the dollar is not just a currency, its safe haven. Besides, it is undervalue
AUD/USD is rising for the second straight day on Thursday.
US Dollar Index slumped below 93.00 amid EUR/USD rally.
Weekly Initial Jobless Claims in US came in slightly higher than expected.
After spending the first half of the day fluctuating in a tight range below 0.7300, the AUD/USD pair gained t
NZD/USD attempts recovery from 0.6689 after witnessing the heaviest weekly losses in previous four.
Election campaign in New Zealand begins with the most favors for current PM Ardern.
NZ travelers returning from India recently added to the domestic virus numbers.
US-China tussle, hopes of RBNZ’s bea
Daily Pivots: (S1) 1.3022; (P) 1.3082; (R1) 1.3118;
USD/CAD is staying in consolidation from 1.2944 and intraday bias remains neutral first. With 1.3239 resistance intact, further decline is in favor. On the downside, break of 1.2994 should target 161.8% projection of 1.4048 to 1.3315 from 1.3715 at
Crude oil prices ended the last trading session on a bearish note. Growing concerns on improved crude oil output amid a shortfall in energy demand reversed all the gains recorded in the energy market over the past few weeks.
Both International oil benchmarks had their forward curve widened last week
Overall, GBP/USD is trending upwards. Recently, GBP/USD bounced down from the key level of 1.31. Currently, GBP/USD is moving towards the support zone of 1.30000 and the next resistance zone is at 1.32000. Look for buying opportunities of GBP/USD if it bounces off the s
Photo: London underground
Samtrade FX, an online foreign exchange (forex) and CFD trading platform, announced this Wednesday that it has secured licences both within the United Kingdom and Australia.
In a company statement, the brokerage revealed that it has been registered and authorised as an Ap
Gold has retreated to $1,808 from the session high of $1,813.
A sustained break above $1,810 remains elusive as the dollar draws bids.
Upbeat China GDP may weaken the haven demand for the yellow metal.
Gold bulls continue to struggle to establish a strong foothold above $1,810.
At press time th
No Shortage of Event Risk
Next week sees earnings season get underway in the US, with the major banks all reporting on the second quarter and offering insight – if they have any – into the rest of the year. Understandably, US corporates were a little shy on the guidance last quarter but investors ma
Nonfarm Payrolls are expected to show that the US recovered 3 million jobs in June. USD is heading into the event with a negative tone and could fall with a positive report, mainly if equities keep running, FXStreet’s Chief Analyst Valeria Bednarik informs.
“The Nonfarm Payrolls report is
The S&P 500 Index has ended the second quarter of 2020 with the strongest gain since 1998. Can it continue higher? Perhaps not on the first day of the third quarter, which is showing that resistance is stronger than support.
The Technical Confluences Indicator is showing that fierce resistance a