What will the ECB do to the EUR?
The European Central Bank will meet on Thursday, September 12. What does it mean for the EUR?
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
USD/JPY: levels to trade
The USD is going to be volatile on Friday, September 6, as America will release Nonfarm Payrolls data at 15:30 MT time.
EUR/NZD may form a top
Last week, EUR/NZD got rejected from the resistance at 1.7590 thus failing to reach new highs.
EUR/GBP faces bearish risks
An attempt of EUR/GBP to break higher earlier this week has been rejected: the advance stopped at 0.9150.
Brent oil: trading in range
Brent oil has been trading sideways in the 62.00/58.00 area since the beginning of August.
September on Forex: all eyes on central banks
The global economy is in real danger. Will the central banks come to save the day?
USD/TRY is returning lower
USD/TRY has formed a big “shooting star” candlestick on the W1 last week. A similar formation is visible on the D1.
EUR/JPY looks grim
The current risk aversion is encouraging the safe-haven demand for the JPY, while the weakness of the euro area’s economy is hurting the EUR.
GBP/CAD is losing ground
GBP/CAD tried to recover in August, but its progress wasn’t very impressive. A “Dark Cloud Cover” pattern was formed on the W1.
USD/ZAR is still in a range
Pay attention to the currency pair USD/ZAR. It has been consolidating between 15.10 and 15.50 since the start of August.
EUR/NZD is about to move
EUR/NZD has recently made a number of attempts to approach 0.76 but all of them failed.
Dramatic times for GBP ahead of Brexit
The current fundamental picture for the GBP is full of events. Let’s see what’s happening in the United Kingdom and how it will impact the British currency.
