EUR/USD Strong Buy: Key Currency and Technical Analysis (15-Minute Chart) – August 2, 2024
EUR/USD (Euro/US Dollar) – Strong Buy EUR/USD is attempting to reach 1.0800 following a sharp decline the previous day. Investors are awaiting the release of the US July labor market report. The forecast suggests a decrease in non-farm payrolls from 206,000 to 175,000, with average hourly earnings expected to fall from 3.9% year-over-year to 3.7%. […]
GBP/USD Strong Sell: Key Currency and Technical Analysis (15-Minute Chart) – August 1, 2024
EUR/USD (Euro/US Dollar) – Buy EUR/USD is currently trading around 1.0830, with market attention focused on the upcoming release of July business activity statistics from the European Union. The Eurozone Manufacturing PMI has risen from 45.6 to 45.8 points, and Germany’s Manufacturing PMI increased from 42.6 to 43.2 points. Additionally, Italy’s Manufacturing PMI unexpectedly rose […]
USD/JPY Short Position: Focus on Key Currencies and Technical Analysis (15-Minute Chart) – July 31, 2024
EUR/USD (Euro/US Dollar) – Strong Buy EUR/USD has recovered from the early week’s decline and is currently trading around 1.0860. The euro is supported by stronger-than-expected Eurozone GDP data, raising doubts about continued ECB rate cuts. While Germany’s GDP showed an unexpected decline, the overall Eurozone economic growth was stronger than anticipated, limiting the impact […]
USD/CHF: Approaching the Support Line of the Downward Channel 0.8920–0.8670
Current Trends The USD/CHF pair is trading at 0.8829, showing a corrective trend amidst negative movement in the US dollar. The Swiss franc has strengthened following the release of macroeconomic indicators. While the country’s key industries had been sluggish, signs of recovery are now evident. This week, attention is focused on the July leading indicators […]
USD/JPY: Tokyo Core Consumer Price Index Rises 0.2% in July
Current Trends The USD/JPY pair is trading around 153.65. The yen is maintaining a stable level, supported by neutral macroeconomic statistics in the current situation. The Consumer Price Index (CPI) for the Tokyo region adjusted to 2.3% year-over-year, with the core CPI, which excludes fuel and food, rising from 2.1% to 2.2%. The Corporate Service […]
Gold/USD: Fundamental Factors Pressure Precious Metal Prices
Current Trends The Gold/USD pair has returned to 2400.0, but this week’s gold market is mainly influenced by fundamental factors. First, the pair is reacting proactively to changes in the U.S. Federal Reserve’s (FRB) monetary policy. The FRB might lower borrowing costs by 25 basis points as early as September. According to the CME Group’s […]
EUR/USD Forecast: Euro Turns Bearish After ECB Event
Current Trends EUR/USD ended Thursday in a negative state, falling below 1.0900. Early on Friday, dovish comments from ECB officials are putting pressure on the euro, and the deteriorating market mood is making it difficult for the pair to recover. Late Thursday, EUR/USD faced selling pressure, ending a six-day winning streak and closing in negative […]
AUD/USD: Labor Market Data Fails to Support the Australian Dollar
Current Trends With the rise of the US dollar, the AUD/USD pair is undergoing a downward correction at 0.6698. June’s labor market data for Australia showed little change and was insufficient to support the Australian dollar. The seasonally adjusted unemployment rate changed from 4.0% to 4.1%, and the participation rate increased from 66.8% to 66.9%. […]
USD/JPY Strong Buy – Featured Currency and Technical Analysis (15-Minute Chart) July 9, 2024
**EUR/USD Strong Sell** During the Asian session, EUR/USD is showing slight growth as it attempts to break above 1.0830. Market participants are holding off on taking new positions ahead of significant macroeconomic data releases this week. At 16:00 (GMT+2) today, Federal Reserve Chairman Jerome Powell is scheduled to speak before Congress, where he may comment […]
EUR/USD Strong Buy – Featured Currency and Technical Analysis (15-Minute Chart) July 4, 2024
**EUR/USD Strong Buy** EUR/USD is trading around 1.0785, showing a sideways movement. Market activity is subdued as the U.S. market is closed for Independence Day. Tomorrow’s release of the June U.S. employment report could impact the Federal Reserve’s monetary policy decisions. It is expected that non-farm payrolls will decrease from 272,000 to 190,000, with average […]