The Washington Post acknowledges the crisis at hand in the US job market and how hopes are fading for another rescue package from Capitol Hill.
Now, six months into the crisis, it isn’t entirely clear what comes next. At this week’s meeting, the Fed isn’t expected to change rates. Powell has said t
Here is what you need to know on Monday, September 14:
The greenback remained weak on Friday but moved off its daily lows following the release of US August inflation figures, which were upbeat. Core CPI in the country ticked higher to 1.7% from 1.6%.
Oxford and AstraZeneca announced they will resu
Hello traders, on aussie we are tracking a bigger, A-B-C reversal down from 0.741 high, which can belong to a bigger correction. On the intra-day chart we see a five-wave completed move in A, followed by a sideways price activity which resembles a completed expanding flat i
Photo: DXtrade, Devexperts
Global financial software provider Devexperts announced this Monday that it has integrated its Software as a Service (SaaS) foreign exchange (forex) trading platform DXtrade with the Economic Calendar by FXStreet.
FXStreet’s Economic Calendar is a leading information and
Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** It is heading towards ascending, but in front of it is the aforementioned retracement zone, but if broken, it will ascend as well. To higher levels at the red line, which is a high
The pace of decline in Indonesia's retail sales is set to slow for a third straight month in August, extending the trend that began after the lockdown restrictions that were imposed to fight the coronavirus pandemic were relaxed. Retail sales is set to fall 10.1 percent year-on-year in August, resul
New Zealand business confidence improved sharply in September, preliminary data from ANZ showed Wednesday.
The business sentiment index rose to -26 percent from -41.8 percent in August.
The survey suggested that firms were largely looking through the re-emergence of Covid-19 in the community.
USD/CAD consolidates the recent gains, bounces off 1.3091 recently.
One-week-old horizontal support adds a filter to the downside.
The symmetrical triangle established from Wednesday restricts immediate moves.
USD/CAD seesaws around 1.3095 during the pre-Tokyo open Asian trading on Tuesday. The loo
USD/TRY Weekly Trade
USD/TRY for the past 2 weeks represents the gift that keeps on giving. USD/TRY remains deeply overbought short, medium and long term. USD/TRY could easily achieve a low 6.000's exchange rate.
Short 7.3956 and 7.4123 to target 7.2284. Better target 7.1949
Highs 7.4016, Lows 7.206
Business sentiment survey data from Germany is due on Monday, headlining a light day for the European economic news.
At 1.00 am ET, consumer and industrial confidence survey results are due from Finland.
At 3.30 am ET, Statistics Sweden is scheduled to issue producer prices and household lending
GBP/USD is posting small losses on Tuesday as the cable has retreated from the 1.2650 level. Terence Wu, an FX strategists at OCBC Bank, notes that a no Brexit agreement is going to weigh on the sterling and the GBP/USD pair should fall to the 1.25 level.
“The GBP/USD appeared to run out
EUR/USD RATE TALKING POINTS
The technical outlook for EUR/USD remains constructive going into the second half of 2020 as a bull flag formation takes shape, and the Relative Strength Index (RSI) may validate the pattern if the oscillator continues to track the bullish trend from earlier this year.
Welcome to this weeks weekly forex forecast video where do the simple, but powerful top-down approach to identify trending forex pairs with clean price action and to find good early entries with big enough targets using key support and resistance zones.
Our top-down appraoch, technical analysis is d