by OverviewFX | Aug 16, 2024 | Forex
The euro has edged higher on Friday. In the European session, EUR/USD is trading at 1.0994, up 0.21% on the day at the time of writing. The US dollar is under pressure and the euro rose as much as 1.2% this week before paring about half of those gains. On Wednesday,...
by OverviewFX | Aug 16, 2024 | Forex
The New Zealand dollar has rebounded on Friday after a 1.4% slide over the past two days. NZD/USD is trading at 0.6017, up 0.70% in the European session at the time of writing. Solid US numbers raises risk appetite Exactly two weeks ago, a soft employment report out...
by OverviewFX | Aug 16, 2024 | Forex
Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. Intraday bias in EUR/USD remains neutral and more consolidations would be seen below 1.1046. But another rally is in favor as long as 1.0880 support holds. Firm break of 100% projection of 1.0665 to 1.0947...
by OverviewFX | Aug 16, 2024 | Forex
As the USD/JPY chart indicates, the rate has risen approximately 5.4% above the August 5 low. On one hand, the yen’s weakening against the U.S. dollar is partly driven by rumours that the Bank of Japan might intervene not to support the weak yen (as when the rate was...
by OverviewFX | Aug 16, 2024 | Forex
Gold price started a fresh increase above the $2,432 resistance level. Crude oil prices are gaining bullish momentum and might even test $80.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a steady increase from the $2,400 zone...
by OverviewFX | Aug 16, 2024 | Forex
The British pound has extended its gains on Friday. GBP/USD is trading at 1.2887 in the European session, up 0.31% on the day at the time of writing. It has been a winning week for the pound, which has climbed 1%. UK retail sales jump in July There was more good news...
