Weekly Forex Outlook: September 10-14
Economic data have a great impact on the markets.
Tag - usd
5 important things this week will bring us!
5 important things you need to know about this week!
AUD/USD: Aussie is looking for a bottom
On the daily chart, AUD/USD reached an important support at 78.6% of the long-term wave and 200% target of AB=CD.
NZD/USD: kiwi is getting south
On the daily chart, NZD/USD keeps forming a “Head and Shoulders” and AB=CD with a target at 161.8%.
Greenback jumps on August jobs data
On Friday, speeding up wage surge provided a moderate lift for the evergreen buck, thus offsetting the weekly loss for the USD index…
EUR/GBP: pound is talking to Indians
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.
EUR/USD: euro got lost
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
US currency stands still
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…
Time to trade on NFP
US nonfarm payrolls (NFP) will be released at 15:30 MT time on September 7.
Daily News: the USD is near the psychological level
The US dollar index doesn't have enough support to move up.
USD/JPY: yen got to the corridor
On the daily chart, USD/JPY is consolidating in the 109.75-112.15 range within the “Spike and ledge”.
Greenback gains on worries over new American trade levies
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…
