by OverviewFX | Aug 19, 2024 | Forex
Gold posts new all-time high on Monday But oscillators haven’t reached overbought conditions The divergence suggests that the advance may extend further Gold has been on the rise in the past couple of sessions, storming above the 2,500 psychological mark to a fresh...
by OverviewFX | Aug 19, 2024 | Forex
Yen is showing broad-based strength in today’s Asian session, particularly against the generally weakening Dollar. This move has also put pressure on the Nikkei, which turned lower as Yen gained momentum. While there’s no clear catalyst for these movements, it appears...
by OverviewFX | Aug 19, 2024 | Forex
There is just one to take note of on the day, as highlighted in bold.That being for AUD/USD at the 0.6675 level. It isn’t one that is technically significant but it could anchor gains for a bit before rolling off later in the day. The pair is in a breakout mood...
by OverviewFX | Aug 17, 2024 | Forex
U.S. Highlights The July report for the Consumer Price Index showed headline inflation fell below 3% for the first time since March 2021. U.S. retail sales surpassed expectations in July, rising 1.0% month-on-month. Federal Reserve Chair Jerome Powell’s remarks during...
by OverviewFX | Aug 17, 2024 | Forex
Gold reaches a new all-time high as markets reassess rate cut expectations after evaluating resilient US data. The Jackson Hole Symposium will be a key event next week, with central bankers discussing strategies for growth and monetary policy. It’s a data-heavy week...
by OverviewFX | Aug 17, 2024 | Forex
EUR/CHF’s rebound from 0.9209 extended to as high as 0.9579 last week before retreating. Initial bias is turned neutral this week first for some consolidations. Further rally is expected as long as 0.9448 support holds. Sustained break of 55 D EMA (now at 0.9593) will...
