by OverviewFX | Sep 3, 2024 | Forex
There are a couple to take note of, as highlighted in bold.The first being for EUR/USD at the 1.1050 mark. And that could perhaps limit price action and make things a bit stickier in the session ahead before we get to the US open. Similarly, the one for USD/CAD at the...
by OverviewFX | Sep 2, 2024 | Forex
There isn’t anything major to take note of for today. And that is understandable, given a holiday for North American markets. So, technically the week only really kicks into gear tomorrow.We’ll have jobs-related data from the US to work through during the...
by OverviewFX | Aug 29, 2024 | Forex
August was a wild ride. It’s typically a quiet, summer month but it was anything but that this year as markets melted down early in the month only to post a full recovery in a remarkable turn.That’s left some nice-looking monthly charts and a series of...
by OverviewFX | Aug 26, 2024 | Forex
EURUSD returns to positive trend after Powell confirms dovish policy adjustment Technical signals reflect weakening positive bias; next resistance could be at 1.1240-1.1274 EURUSD has had a great August so far, rising sharply from 1.0776 to nearly 1.1200 to mark its...
by OverviewFX | Aug 26, 2024 | Forex
EURUSD cracked 1.1200 barrier after Friday’s 0.75% rally (the biggest daily gain since Aug 2) and hit new 2024 high early Monday. Bulls remain firmly in play after strong advance in past two weeks and on track for the biggest monthly gain since November 2022, as...
by OverviewFX | Aug 26, 2024 | Forex
Traders appear to be stepping back from last Friday’s risk-on rally, showing more caution in the Asian session today. The mood in major indices is mixed; with Nikkei trading down by more than -1%, while HSI is showing gain of about 1%. This cautious sentiment is...
