by OverviewFX | Aug 21, 2024 | Forex
NZDUSD stages a V-shaped recovery from 2024 low The pair jumps above 200-day SMA to its highest since June 14 Oscillators improve notably, suggesting increasing bullish bias NZDUSD has been steadily regaining ground since the beginning of the month after finding its...
by OverviewFX | Aug 21, 2024 | Forex
Gold keeps firm tone and consolidating under new record high ($2531) posted on Tuesday, with third consecutive daily close above $2500 level, pointing to clear break. The yellow metal holds in a steep multi-month uptrend and has registered gains of nearly 22% since...
by OverviewFX | Aug 21, 2024 | Forex
There is just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.1100 level. There has been expiries here all through the week and the ones today will still have some slight influence on price action. For one, it could act as a bit...
by OverviewFX | Aug 21, 2024 | Forex
Dollar remains under broad-based selling pressure, with markets likely to keep this trend until Fed Chair Jerome Powell delivers his speech at the Jackson Hole Symposium on Friday. While today’s events, including the non-farm payroll revision and the release of FOMC...
by OverviewFX | Aug 20, 2024 | Forex
The Australian dollar has steadied after pummeling the US dollar over the past two sessions. AUD/USD is trading at 0.6729 in the European session, down 0.04% on the day at the time of writing. RBA minutes: Rates will remain steady The RBA minutes from the meeting...
by OverviewFX | Aug 20, 2024 | Forex
Brent crude oil prices continue to fall amidst rumors of a Middle East deal and increased production in Libya. US crude stockpiles are expected to have decreased, and insights from the Jackson Hole symposium could impact oil prices. Technicals point to a key support...
