Day: September 1, 2023
SEC Delays Bitcoin RulingFollowing a break higher earlier in the week on fresh USD weakness, crypto prices have come back under pressure into the second-half of the week. News that the SEC has delayed its decision on whether to approve a spot Bitcoin ETF, for all applicants, has fuelled uncertainty in the market and sent […]
US Jobs Data on Watch The main focus for traders today will of course be the latest round of US jobs data. Stocks have been trading higher recently against a backdrop of softer-than-forecast US data, strengthening the view that the Fed will hold off from tightening in September. In terms of forecast for today’s release, […]
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The Australian dollar has stabilised against the US dollar. August is closing with a 3% pullback The current AUDUSD exchange rate stands at 0.6479. The weakening of the US dollar has worked in favour of the Aussie. Recent economic data from the US has strengthened investor confidence that the Fed is unlikely to continue with […]
The major currency pair strengthened on Thursday. The current EURUSD exchange rate stands at 1.0920. The statistics published yesterday in the US were pessimistic, illustrating economic sentiment at times of high interest rates. The market interpreted the data as a signal of the Federal Reserve potentially reconsidering raising the interest rate. In general, everything is […]
The dollar rebounded on Thursday after several waves of sell-offs on Tuesday and Wednesday as US economic activity data released over the past two days pointed to potential negative momentum in the economy. Market sentiment was mainly influenced by JOLTS data on vacancies, the Conference Board consumer confidence index and the second estimate of US […]
TitleEURUSD H4 | Falling toward support level? TypeBearish Reversal Preference: Price has just reacted off our pivot point of 1.09301, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.08052, a pullback support level. Alternative scenario: However, if the price breaks […]