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EURUSD top-down analysis suggests a potential dip in an uptrend opportunity.
Today’s Q2 labor report showed an increase in unemployment, which could help the bank stay in the sidelines after last month’s pause, sending the Kiwi lower
Watch today’s US Open for insights on the second straight pause by the central bank of Australia, the stealth YCC tweak by the bank of Japan, China’s poor PMI and more
The pair retreats, weighed by the decision of the Australian central bank to stay on the sidelines for second straight meeting, as it kept rates at 4.1% today
The BoJ pledged more flexibility in its yield curve control (YCC) on Friday, but the implicit nature of the YCC tweak disappointed Yen bulls and the pair rises
Watch today’s US Open for insights on the latest policy decisions by the US Fed and its European counterpart (ECB), the strong quarterly results by social media giant Meta Platforms and more
The EURUSD’s sentiment has shifted from bullish to bearish over the last two hours. The daily candle (still to complete) shows a long upper shadow. The high is where the bulls lost control to the bears. Since then, the bears have ripped price down, and EURUSD is now trading below its open.
FXCM’s USDOLLAR tracked US yields lower following yesterday’s FOMC rate announcement and press conference. Fed chair Powell stated that the Fed “could afford to be patient” due to its interest rate increases to date. It also was clear that the Fed is data dependent choosing not “to provide a lot of forward guidance.” The next meeting is some time away on 20 September. The Fed will have seen two CPI…
Watch today’s US Open for insights China’s economic support pledge, the Fed’s upcoming policy decision, Big Tech earnings and more
After its best week of the year, the pair trades with caution today ahead of key policy decisions by the central banks of the US and Japan
Watch today’s US Open for insights on the quarterly results from Tesla and Netflix, the soft CPI report from the United Kingdom and more
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