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...
by OverviewFX | Aug 20, 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. The pair also has a large set of expiries at 1.1000 but that should not factor much into play given the dollar weakness so far this week. As such, the ones...
by OverviewFX | Aug 20, 2024 | Forex
Dollar continued its decline overnight as risk-on sentiment prevailed, with S&P 500 and NASDAQ notching their eighth consecutive positive session. Investor optimism has been buoyed by recent economic data suggesting that the US economy is on track for a soft...
by OverviewFX | Aug 19, 2024 | Forex
The dollar index remains firmly in red in early Monday trading, and extends Friday’s 0.93% drop, to breach key support at 101.94 (Aug 5 low, the lowest in eight months). The dollar was weaker across the board on renewed risk mode and growing expectations on more...
by OverviewFX | Aug 19, 2024 | Forex
USDJPY dips further on Monday, adding to signals that corrective phase off 141.68 (Aug 5 spike low) is likely over. Upleg from 141.68 was repeatedly capped at pivotal Fibo barrier at 149.36 (38.2% retracement of 161.80/141.68) with subsequent weakness being sparked by...
