by OverviewFX | Aug 21, 2024 | Forex
Bitcoin prices are currently range-bound, the range between 56,561 and 61,750 is keeping both buyers and sellers cautious. Mt. Gox moved 13,265 Bitcoins totaling and estimated $780 million. The first major move by the bankrupt exchange since July 30. According to...
by OverviewFX | Aug 21, 2024 | Forex
EURUSD reduced speed after steep rally in past three days which hit new 2024 top (1.1132) just ticks ahead of Dec 2023 top (1.1139). The single currency continues to benefit from risk appetite and weak dollar on Fed rate cut expectations, with release of FOMC minutes...
by OverviewFX | Aug 21, 2024 | Forex
Daily Pivots: (S1) 144.53; (P) 145.94; (R1) 146.67; More… Intraday bias in USD/JPY remains mildly on the downside for the moment. Rebound from 141.67 could have completed at 149.35 after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Deeper fall would...
by OverviewFX | Aug 21, 2024 | Forex
The British pound is showing limited movement on Wednesday, after a four-day rally in which it surged 1.7% against the retreating US dollar. GBP/USD is trading at 1.3047 in the North American session at the time of writing, up 0.1% on the day. All eyes on Jerome...
by OverviewFX | Aug 21, 2024 | Forex
The forex markets are experiencing a lull today, with little movement in the absence of significant economic releases during European and early US sessions. The much-discussed non-farm payroll revision and the release of FOMC minutes later today are unlikely to spark...
by OverviewFX | Aug 21, 2024 | Forex
Bears are taking a breather after the latest bearish acceleration in past three days (oil price was down 5%) deflated by easing tensions in the Middle East and rise in US crude stocks (API report). Oversold daily studies and Tenkan-Kijun-sen turned sideways,...
