Bearish AUD/USD pattern with a positive note

The hanging man pattern from the day before yesterday on the AUD/USD chart, continues to indicate a potential topping structure into the next days or weeks.The ROC oscillator is showing a bullish bias as it drifts towards the upper limit above 3. Even though the bears have the edge right now base ...

AUD/USD remains a wild card

Bollinger Bands® on AUD/USD 1hr charts continue to reflect a volatile environment, but one with no dominant trend on higher time frames.ADX tracks below 30 suggesting a sideways price action. Endorsing this view, the 50-period simple moving average is locked in-between the 200 and the 800-period ...

Fitch affirms Sweden at ‘AAA’; outlook stable – Reuters

Fitch Ratings affirmed Sweden's's credit note at 'AAA' and said that the outlook was stable. Key highlights (via Reuters): Sweden's 'AAA' IDRs reflect strong governance and human development indicators, a high level of income per capita, and a track record o ...

Bitcoin steady against USD after coin split, up nearly $100 on week

Despite the decision to split the bitcoin blockchain into two earlier this week, the BTC/USD pair was able to keep its footing and is headed to close the week nearly $100 higher around $2830. On Tuesday, a new crypto currency called "bitcoin cash" was created. Although the ne ...

Wall Street ends week higher on improved sentiment and upbeat data

Major equity indexes in the U.S. recorded modest gains on Friday to close the week on a positive note after today's data from the U.S. ramped up the rate hike expectations, allowing financials to record solid gains. Today's jobs report, which showed an increase of 209,000 in nonfar ...

EUR/USD erases weekly gains on USD rally, remains below 1.18

The EUR/USD pair lost more than 100 pips after the strong employment data from the United States helped the US Dollar Index record its best daily percentage gain in nearly 8 months. After slumping to 1.1730 in the early NA session, the pair went into a consolidation phase and is now trading a ...

US: CPI to show a modest rebound in July – Wells Fargo

Next week, the key economic report from the US will be July inflation data. Analysts from Wells Fargo, expect the CPI to show a 0.2% gain, in line with market consensus. Key Quotes:  “Consumer prices were flat in June, extending the soft patch for inflation indicators. The consumer pric ...

USD/SGD at a cross road

USD/SGD is currently experiencing a high volatility environment, but lacks a dominant mid-term trend.From a trend following perspective, the technical set-up could be more combustible if ADX where not below 30 on the 1-hour chart. Endorsing this view, a 50-period simple moving average trappe ...

US: Key economic reports for next week – Danske Bank

Analysts from Danske Bank see inflation data (CPI and PPI) as the main releases for next week in the US.  Key Quotes:  “In the US, we have a relatively quiet week ahead of us, with the main news release being CPI and CPI core for July on Friday. Both inflation measures have bee ...

GBP/USD drops 240 pips from yesterday’s highs, affected by BoE and NFP

The slide of GBP/USD continued during the American session and it found support slightly above the 1.3000 zone. The pair bottomed at 1.3024, the lowest in a week. It remains near the lows, down for the week.  From yesterday’s highs cable dropped more than 200 pips. On Thursday it was th ...

USD/HUF short-term extreme overbought

The 4hr RSI was printing below 50% most of the last three weeks and recently broke above the 60% mark.USD/HUF was in sell mode -the 50SMA placed below the 200SMA on 4hr charts-, until it failed to cooperate with these trend indicators. Now the oscillators point to a short-term extreme overbough ...

US: July NFP consistent with economic growth – Wells Fargo

According to analysts from Wells Fargo, explained that July jobs numbers showed solid gains and a steady rise in wages indicating ongoing economic growth and consumer spending. They warn that beyond the cycle, structural unemployment issues remain. Key Quotes:  “Nonfarm payrolls rose ...

United States Baker Hughes US Oil Rig Count dipped from previous 766 to 765

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