Economic data have a great impact on the markets.
Tag - usd
5 important things you need to know about this week!
On the daily chart, AUD/USD reached an important support at 78.6% of the long-term wave and 200% target of AB=CD.
On the daily chart, NZD/USD keeps forming a “Head and Shoulders” and AB=CD with a target at 161.8%.
On Friday, speeding up wage surge provided a moderate lift for the evergreen buck, thus offsetting the weekly loss for the USD index…
On the daily chart, the inability of bulls to lead EUR/GBP outside of the long-term trading range of 0.87-0.902 points at their weakness.
On the daily chart, EUR/USD is consolidating in the 1.1500-1.1850 range. A break of its upper border triggers AB=CD pattern with a target at 200% and will increase the risks of a “Shark” with a target
On Thursday, the evergreen buck stood still versus a pack of its major counterparts because worries over global trade clashes as well as recent turmoil in emerging markets backed safe haven demand for the evergreen buck…
US nonfarm payrolls (NFP) will be released at 15:30 MT time on September 7.
The US dollar index doesn't have enough support to move up.
On the daily chart, USD/JPY is consolidating in the 109.75-112.15 range within the “Spike and ledge”.
On Wednesday, the evergreen buck jumped because fears strengthened that US leader might soon power an everlasting trade conflict with China by slapping duties on more China’s products…