by OverviewFX | Aug 15, 2024 | Forex
Market Picture The cryptocurrency market retreated 2.9% over the past 24 hours to $2.08 trillion from levels near $2.15 trillion, which had been resistance for the past ten days. Despite moderate optimism in equities following the inflation data, cryptocurrencies...
by OverviewFX | Aug 15, 2024 | Forex
Daily Pivots: (S1) 188.05; (P) 188.74; (R1) 189.62; More… Intraday bias in GBP/JPY stays neutral and outlook remains bearish with 38.2% retracement of 208.09 to 180.00 at 190.73 intact. On the downside, below 186.46 minor support will turn intraday bias back to the...
by OverviewFX | Aug 15, 2024 | Forex
There are a couple to take note of on the day, as highlighted in bold.The first being for EUR/USD at the 1.1000 mark. That continues from yesterday and there will be large expiries at the figure level in play again tomorrow. As such, the expiries could offer a bit of...
by OverviewFX | Aug 15, 2024 | Forex
Australian Dollar strengthened during Asian session today, buoyed by stronger-than-expected employment growth data. This positive surprise offered some support to Aussie, though gains were limited, failing to push the currency above yesterday’s high. The labor market...
by OverviewFX | Aug 14, 2024 | Forex
AUDUSD remains constructive and consolidating Tuesday’s 0.80% advance, as this morning’s RBNZ rate cut by 25 basis points negatively impacted Aussie dollar, but dips were limited, due to strong near-term bullish sentiment on revived risk appetite. Technical studies...
by OverviewFX | Aug 14, 2024 | Forex
Market Picture The cryptocurrency market added 2.2% in the last 24 hours to reach $2.14 trillion, a fresh attempt to climb into the upper half of last month’s trading range from where last week’s sell-off was intensified. Over the past 24 hours, the macroeconomic...