by OverviewFX | Aug 20, 2024 | Forex
Market Commentary Markets Last week’s directional moves on key markets were extended yesterday in absence of any guidance coming from eco data or central bankers. Core bond yields fail to recover from the early August setback with daily changes in the US ranging...
by OverviewFX | Aug 20, 2024 | Forex
GBPUSD’s rebound off 200-day SMA still holds Stochastic in overbought area RSI ticks south above 50 level GBPUSD continues last week’s rebound off the 200-day SMA and the 50.0% Fibonacci retracement level of the up leg from 1.2300 to 1.3045 at 1.2670, but with some...
by OverviewFX | Aug 20, 2024 | Forex
The slowdown in U.S. inflation and a cooling labour market have rekindled investor confidence that the Federal Reserve may soon begin cutting interest rates. As bearish sentiment towards the dollar dominates the market, key currency pairs have approached critical...
by OverviewFX | Aug 20, 2024 | Forex
The cryptocurrency market is once again testing the important $2.15 trillion milestone, adding almost 4% in the last 24 hours. Selling pressure has been building near this level since early August. Now, thanks to the impressive recovery in stock indices,...
by OverviewFX | Aug 20, 2024 | Forex
Eurozone CPI was finalized at 2.6% yoy in July, up from June’s 2.5% yoy. CPI Core (ex-energy, food, alcohol & tobacco) was finalized at 2.9% yoy, unchanged from June’s reading. The highest contribution to the annual inflation rate came from services (+1.82...
by OverviewFX | Aug 20, 2024 | Forex
EURJPY recovers from its 2024 low posted on August 6 But the rebound stumbles before testing 200-day SMA Oscillators are skewed to the downside EURJPY experienced a vast selloff in July, dropping from a 32-year peak of 175.41 to as low as 154.34 on August 6, which is...
