Day: September 2, 2023

The major currency pair declined on Friday. The current EURUSD exchange rate stands at 1.0840. The US dollar is experiencing increased demand due to the cautious approach taken by major central banks regarding their September interest rate decisions. The US dollar’s strong rally and its significant fluctuations can be exhausting for investors. As market observers […]

GDP Undershoots The US Dollar rout continues this week ahead of the all-important NFP release tomorrow. DXY took another leg lower as the prelim Q2 US GDP reading yesterday came in below expectations at 2.1% vs 2.4% prior and expected. This marks the latest in a string of tier-one data points to undershoot expectations and […]

TitleUS30USD H4 | Bearish reversal off 161.8% fibo? TypeBearish Reversal Preference:Price is currently in a bullish momentum, and could potentially rise towards the pivot point at 35079.5, which is an overlap resistance and 161.8% fibo extension. If price reacts bearishly at the pivot point, we can then expect price to fall to the intermediate support […]