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Euro Stalls At Key Trendline Resistance Against US Dollar
Article By:
ForexCycle
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Sunday, May 5, 2024 11:51 PM EDT
The EURUSD currency pair has staged an impressive rally from the 1.0600 low, breaking above the 1.0752 resistance level and extending its upside move to test the falling trendline resistance visible on the 4-hour chart.
EUR/USD Holds Positive Ground Above 1.0750 Ahead Of Eurozone PMI, PPI Data
Article By:
Lallalit Srijandorn
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Sunday, May 5, 2024 11:20 PM EDT
EUR/USD extends the rally to 1.0765 amid the weaker USD on Monday. The US job growth slowed more than expected in April, boosting the odds of a September rate cut from Fed.
Asia Open : Investor View The NFP Through An Optimistic Lens
Article By:
Stephen Innes
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Sunday, May 5, 2024 10:17 PM EDT
Although a notable decrease in headline Nonfarm Payrolls (NFP) figures can sometimes foreshadow economic difficulties, the recent decline wasn't catastrophic by any stretch.
Latest Analysis: Evertz Technologies
Article By:
Fredrik Arnold
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Sunday, May 5, 2024 10:15 PM EDT
Evertz is a Canada-based multinational softwear and hardware firm focused on the broadcast/film industry, with a market cap of about $1B Canadian.
In this article: EVTZF
Asia Morning Bites - Sunday, May 5
Article By:
ING Economics
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Sunday, May 5, 2024 8:56 PM EDT
China’s Caixin PMI services and composite reports are set for release today. Indonesia reports growth data for the first quarter.
Weekly Commentary: Instability
Article By:
Doug Noland
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Sunday, May 5, 2024 5:08 AM EDT
Powell is a dove which should not have surprised us. There was justification for market expectations of a more hawkish FOMC and Chair. Inflation has been sticky, and the current trajectory unclear.
Speculator Extremes: Copper, Silver & Commodities Index Lead Bullish Positions
Article By:
Zachary Storella
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Sunday, May 5, 2024 1:00 AM EDT
This week's Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
Charted: What Southeast Asia Thinks About China & The U.S.
Article By:
Jeff Desjardins
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Saturday, May 4, 2024 8:00 PM EDT
A significant share of respondents from all 10 participating countries are worried about rising influence from both the U.S. and China. Almost every ASEAN nation has a clear preference for one superpower over the other.
FX Speculators Reduce Bearish Bets For Yen, Canadian & Australian Dollars
Article By:
Zachary Storella
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Saturday, May 4, 2024 7:17 PM EDT
The COT currency market speculator bets were higher this week as eight out of the eleven currency markets we cover had higher positioning while the other three markets had lower speculator contracts.
GBP/JPY Floundered Near 192.00 After Suspected BoJ Interventions Flattened Markets
Article By:
Joshua Gibson
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Saturday, May 4, 2024 4:14 PM EDT
The GBP/JPY currency pair was seen trading flat near the 192.00 handle on Friday, as the Bank of Japan has been suspected of directly intervening in Forex markets to prop up the battered Japanese yen.
EUR/USD Broke Above Recent Congestion As US NFP Miss Drove Down Greenback
Article By:
Joshua Gibson
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Saturday, May 4, 2024 1:20 PM EDT
The EUR/USD currency pair drove into a fresh weekly high on Friday, breaking above recent congestion after a broad miss in US Nonfarm Payrolls labor and wages figures reignited hopes for an accelerated path towards Federal Reserve rate cuts.
May 2024 Monthly
Article By:
Marc Chandler
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Saturday, May 4, 2024 9:58 AM EDT
The resilience of the US economy and stickiness of price pressures spurred a reassessment of the trajectory of Fed policy. This sparked a sharp rise in US interest rates and extended the dollar’s advance.
AUD/USD Weekly Forecast: Odds Of Fed Rate Cut In Sept.
Article By:
Yohay Elam
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Saturday, May 4, 2024 8:40 AM EDT
The dollar had its worst week in over two months. Poor employment figures from the US increased the likelihood that the Fed will cut rates in September.
AUDUSD Analysis & AUDUSD Price Prediction Forecast - Saturday, May 4
Video By:
Frano Grgic
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Saturday, May 4, 2024 4:11 AM EDT
Today you will see AUDUSD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for AUDUSD. What to expect where the price will breakout for the AUDUSD based on the supply and demand zones.