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In the latter half of the week, bearish pressure on European currencies has somewhat eased, with EURUSD consolidating in the range of 1.0750-1.08 and GBPUSD at 1.25-1.26. This hints that the upcoming direction may be influenced, to some extent, by the Non-Farm Payrolls, and the upcoming Federal Reserve meeting next week. Recent economic activity indicators […]
Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session use the links below ES https://youtu.be/HflkbQ_xe6g?si=LgiJS4_oUWs2CbQD NQ https://www.youtube.com/watch?v=1uNibIIl3Dc YM https://youtu.be/zouJ5u6sLHw?si=ry44jddl4roTHTor Source: Tickmill
Brent Brent quotes and the RSI have reached their respective oversold areas on H4. In this situation, the instrument is expected to rise above 0/8 (75.0), subsequently reaching the resistance line at 1/8 (78.12). The scenario could be cancelled by a downward breakout of the support at -1/8 (71.88). In this case, the quotes could […]
TitleEURUSD H4 | Potential bullish bounce? TypeBullish Bounce Preference: The price could bounce off our pivot point at 1.07567, a pullback support and rise towards our 1st resistance at 1.08296, an overlap resistance. Alternative scenario: The price could break the pivot point at 1.07567 and fall to the 1st support at 1.06613, a pullback […]
USD Falls on Weak ADP Number The US Dollar is softening today on the back of yesterday’s ADP employment number, with gold prices rising as a result. The figure came in at 103k, down from 106k prior and well below the 131k the market was looking for. On the back of the release, traders are […]
The Australian dollar, paired with the US dollar, has seen an increase by Friday. The current AUDUSD exchange rate stands at 0.6618. The Aussie had earlier faced pressure when the Reserve Bank of Australia held the interest rate steady at 4.35% per annum. During that time, the CB mentioned that keeping the parameter unchanged would […]