AUDUSD and NZDUSD break below the 100 hour MA and continue to fall. Dollar buying as yields rise. Both the AUDUSD and the NZDUSD have broken below their 100-hour moving averages and are trending downward. Yields in the United States…
Continue ReadingGold steady after high volatility in starting of the week Commodities in focus this week After a wild start to the week, Xauusd (Gold) has found support. Trading in the early Asian session on Monday and shattering the crucial support…
Continue ReadingEuropean Forex news wrap: Dollar remains stable awaits the announcement of NFP Forex news from the European trading session - 6 August 2021 : It was a calm session in European morning trade, as it was more of a warm-up…
Continue ReadingThe EUR/USD currency pair has dropped 0.2% to a low of 1.1808. There isn't much else going on in the market right now as we count down to the announcement of US non-farm payrolls at 1230 GMT. The euro is…
Continue ReadingThe New Zealand dollar rises on the back of a strong employment report. The New Zealand dollar gained ground throughout the session, owing to a significant decline in the unemployment rate revealed in the most recent employment data (see bullets…
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