USD/JPY Strengthens – Uptrend Intact With Bulls Aiming Higher Levels

EURUSD breaks SMAs to the downside Immediate support at rising trend line MACD and RSI suggest more negative movements EURUSD is showing some strong selling interest over the last couple of days, following the pullback from the 1.0940 resistance level. The price is also falling beneath the 50- and the 200-day simple moving averages (SMAs) […]

In focus today The most important data release of the week and a pivotal reading ahead of the September rate decisions will be the US August Jobs Report, due for release 14.30 CET today. We expect nonfarm payrolls growth to rebound to +170k after a weaker reading in July (+114k), unemployment rate to remain steady […]

Dollar goes on a rampage as traders unwind Fed rate cut bets Risk aversion in stock markets amid Iran tensions helps too Upcoming US releases will decide whether rally can go further Dollar shines bright It’s been a phenomenal year for the US dollar so far. The greenback has gained more than 4% against a […]