by OverviewFX | Aug 22, 2024 | Forex
Markets European data today managed to temporarily steal attention away from the US. August PMI figures showed EMU business activity rising at a faster pace, but there’s more than meets the eye. The composite PMI ticked up to 51.2 (3-month high) whereas consensus...
by OverviewFX | Aug 22, 2024 | Forex
Gold started the week with a decisive renewal of all-time highs, reaching the maximum spot price of $2531 per troy ounce. However, the bulls failed to seize the initiative finally, and on Thursday, gold lost more than 1%, falling back to the depths of the upward trend...
by OverviewFX | Aug 22, 2024 | Forex
The New Zealand dollar is drifting on Thursday. In the North American session, NZD/USD has fallen to 0.6132 at the time of writing, down 0.41% on the day. The New Zealand dollar continues to have its way with its US counterpart and has soared 4% since July 29. New...
by OverviewFX | Aug 22, 2024 | Forex
The Japanese Yen has seen significant volatility in recent weeks, influenced by factors like US Dollar recovery and mixed Japanese economic data. USD/JPY shows potential for retesting the 150.00 level, with resistance at 146.37 and support around 143.60. EUR/JPY...
by OverviewFX | Aug 22, 2024 | Forex
Philadelphia Fed President Patrick Harker and Boston Fed President Susan Collins have both indicated their support for beginning a gradual reduction in interest rates, assuming no unexpected changes in economic data. Harker emphasized that the process should start...
by OverviewFX | Aug 22, 2024 | Forex
Daily Pivots: (S1) 0.8487; (P) 0.8525; (R1) 0.8554; More….. Intraday bias in USD/CHF stays on the downside for the moment. Fall from 0.8747 is in progress for retesting 0.8431. Firm break there will resume whole decline from 0.9223 towards 0.8332 low. On the upside,...
