AUD/USD reattempts 0.7400 on Australian Retail Sales, China Services PMI

AUD/USD is holding steady close to 0.7400 after the Australian Retail Sales matched estimates in June and Chinese Services PMI rose to 54.9. The aussie's further upside appears elusive amid a cautious market mood, courtesy of the mounting covid tensions and China's techlash. US ISM Services PMI, ADP eyed. 

AUD/USD News

EUR/USD consolidates near 1.1870 ahead of EU Retails Sales data

The selling tone surrounding the US dollar amid falling US Treasury yields keeps EUR/USD on the verge of daily gains. After touching the low of 1.1753, the pair continues to march higher since the beginning of the week.

EUR/USD News

Gold stuck in familiar ranges, bears seek break of $1,790, bulls $1,834

The price of gold on Tuesday was a touch softer within familiar ranges. XAU/USD ended down some 0.17% at $1,810.45 and had ranged between a high of $1,815.06 and a low of $1,807.17. The greenback steadied on Tuesday and is holding in familiar ranges as bulls seek a break of 92.20 resistance. 

Gold News

Three reasons why Shiba Inu price will quickly drop 45%

Shiba Inu price has trended lower in a descending parallel channel since the May crash, offering only brief opportunities from low probability patterns or setups. 

Read more

NZD/USD: Bulls attack 0.7050 on strong NZ Q2 Employment data

NZD/USD holds on to the weekly gains while taking the bids around 0.7035, 0.26% intraday, during early Wednesday morning in Asia. The kiwi pair recently gained on firmer second quarter (Q2) employment report from New Zealand (NZ).

NZD/USD News

LATEST NEWS

More Latest News

How do emotions affect trade?
Follow up our daily analysts' guidance

Subscribe Today!    

PARTNER BROKERS IN YOUR LOCATION

DEEPER DIVE

Five factors moving the US dollar and not necessarily to the downside

For the dollar, that light at the end of the tunnel turned out to be a truck roaring at full throttle to run it down. The news of coronavirus vaccines sent stocks higher and the safe-haven dollar lower. Alongside decisive US elections and later some fiscal stimulus, there was no need to run for shelter, and the dollar suffered. 

The Homeworking Revolution: Change accelerates for businesses, real estate and stock markets

The pandemic-fostered explosion of working-from-home will be a permanent change. COVID-19 has reinforced trends that were remaking the business office before the pandemic. Property valuation and tax revenue will flow from cities to suburbs and high-cost to low-cost states.

Top commodities to trade amid global reflation: Silver and copper to outshine gold price

Commodities witnessed an interesting end to a decade in 2020. Traders were caught off-guard by the unprecedented coronavirus crisis last year. Likewise, a strong recovery across the commodities board came as a surprise, bringing them in vogue and kick-starting a super cycle.

FXS Signals

Technical Confluences Detector

Dhwani Mehta

Gold is holding the lower ground, heading closer towards $1800, as traders remain cautious and refrain from placing any fresh directional bets ahead of the all-important US Nonfarm Payrolls data due this Friday. Gold remains under pressure, courtesy of positive US 10-year Treasury yields, amid a recovery in the risk appetite. However, modest weakness in the US dollar combined with persisting coronavirus concerns continue to lend support to bulls, leaving gold price range-bound.

The Technical Confluences Detector shows that gold is challenging critical support at $1809, which is the convergence of the Fibonacci 38.2% one-month, Fibonacci 23.6% one-day, Fibonacci 61.8% one-week and SMA10 one-day.

If the abovementioned support caves in, then gold sellers will look for a test of the next relevant downside target at $1804.

Read Full Report

CRYPTOCURRENCIES

MATIC price goes cold, as Polygon financial metric offers an interesting twist

MATIC price is up 47.66% since July 21, establishing one of the better rallies in the cryptocurrency complex over that time. The rally has placed Polygon at the junction of the symmetrical triangle’s apex with the 50-day SMA at $1.07. 

More Polygon news

Cardano price action and on-chain metric collide, reveals a complex situation for ADA

The price staged a rebound in Jul after dropping near the 38.2% Fib retracement at $0.971, marking the fifth consecutive month of a bullish reversal from the level. ADA has shaped a head-and-shoulders pattern with a measured move of approximately 60%.

More Cardano news

VeChain Price Forecast: VET postures for a 40% gain as energy builds

VeChain price has built on the rebound from the 50-week SMA, registering a 15.21% gain last week and closing July with a minor decline of -1.64%. The persistence of the Anchored VWAP has been containing a rally continuation since the July 26 high.

More VeChain news

Three reasons why Shiba Inu price will quickly drop 45%

Shiba Inu price has trended lower in a descending parallel channel since the May crash, offering only brief opportunities from low probability patterns or setups. The weak performance is a marked deviation from the extreme price events in early May.

More Shiba Inu news

ECONOMIC CALENDAR

REAL-TIME RATES

Customize your rates

WEEKLY FORECAST

EUR/USD: Could the Nonfarm Payroll report be a game-changer?

The Fed disappointed markets by showing no rush to taper. US economy is expected to have added roughly 1 million jobs in July. EUR/USD has recovered nicely, but a course change has not been confirmed.

Read full analysis

GBP/USD: Will the Bank of England step out?

Improving COVID and strengthening economy encourage sterling. Bank of England meeting next week brings rate hike speculation. The contrast between Fed and BOE policies benefits the pound.

Read full analysis

USD/JPY: View ahead is the same as the view behind

Prospect of higher US interest rates fade on weak data, Fed dovishness. USD/JPY loses 110.00 on Tuesday, stays below on Friday. Technical considerations dominate near-term USD/JPY action, bias weakly lower.

Read full analysis

AUD/USD bears are on pause but retain control

Fed smashed the greenback but the aussie could not take advantage of it. The RBA will announce its decision on monetary policy on Tuesday. AUD/USD maintains a bearish stance amid concerns about the Australian economy.

Read full analysis

Musk changes tune on BTC as adoption and miners continue to make headway

BTC continues to rise after briefly dipping below the $30,000 level. Musk reveals his opinions on the big crypto since Tesla stopped accepting BTC payments. Core Scientific mining firm announced its plans to list on the NASDAQ.

Read full analysis

XAU/USD bulls hesitate as focus shift to NFP

Gold posted gains for the week despite Friday’s pullback. Powell’s remarks and disappointing data weighed on USD. Gold’s near-term technical outlook turns neutral as focus shifts to US July jobs report.

Read full analysis


EDUCATION

premium

BTCUSD: Stay Calm and take advantage 

Are you looking for great opportunities in the Crypto market? This is your chance! Retailers taking advantage of the drop in BTC, no panic. Get this and daily recommendations by our experts on how to read crypto charts and be ready for the next trade!
Join our experts now!

LIVE VIDEO

NEXT LIVE SHOWS

Date Event Title Sponsor More Info
Premium Gauging market sentiment as of August 2021 Kaia Parv, CFA Event Details
Premium US Pre-Market Open Ed Ponsi, CTA Event Details
Premium US Session Open Ed Ponsi, CTA Event Details
Premium Actionable Trade Ideas Gonçalo Moreira, CMT Event Details
Be Premium Now