EUR/USD - 1.0166

Euro's decline from Tuesday's near 4-week 1.0293 peak to 1.0124 (Wednesday) suggests recent rise from July's 20-year bottom at 0.9953 has made a top and despite staging a strong bounce to 1.0253 on Thursday, subsequent selloff to 1.0142 on blowout U.S. NFP Friday would re-test 1.0124, 1.0090/95 but 1.0048/50 may hold.

On the upside, only a daily close above 1.0209 would prolong choppy swings and risk gain to 1.0235/39 before down.

Data to be released today

Japan current account, trade balance, Eco watchers current, Eco watchers outlook, New Zealand inflation forecast, Swiss unemployment and EU Sentix index on Monday.

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Feed news Join Telegram

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD struggling around 0.6400 and at risk of piercing the year’s low

AUD/USD struggling around 0.6400 and at risk of piercing the year’s low

The AUD/USD pair has sensed buying interest from 0.6400 and is marching higher gradually in early Tokyo. The aussie bulls have attempted a rebound despite the stability of the risk-off impulse in the market.

AUD/USD News

EUR/USD senses downside momentum loss around 0.9800 as focus shifts to US NFP

EUR/USD senses downside momentum loss around 0.9800 as focus shifts to US NFP

The EUR/USD pair is attempting to defend the extension of weakness below 0.9790 and is sensing buying interest in the early Tokyo session. The asset is displaying sigs of exhaustion in the downside momentum, which could result in a pullback move ahead.

EUR/USD News

Gold oscillates at a make or break around $1,710.00, US NFP eyed

Gold oscillates at a make or break around $1,710.00, US NFP eyed

Gold price has slipped modestly after facing barricades of around $1,715.00 in the Tokyo session. The precious metal is expected to slip further to near $1,700.00 as yields are hovering at elevated levels amid hawkish commentaries from Fed.

Gold News

Polygon’s environmental conservation reaches oceans after achieving carbon neutrality in 2022

Polygon’s environmental conservation reaches oceans after achieving carbon neutrality in 2022

The crypto industry has been in the crosshair of many environmentalists as the process of transaction verification and block generation tend to be power-consuming. Despite a 21% rise, MATIC continues to tread below the uptrend support line.

Read more

Nonfarm Payrolls Preview: Five scenarios for trading King Dollar as markets plead for pain Premium

Nonfarm Payrolls Preview: Five scenarios for trading King Dollar as markets plead for pain

No pain, no gain – this gym idiom resonates with stock bulls. The Federal Reserve has said it is willing to accept – and even wants to see – economic pain to see inflation falling. Last month was painful in financial markets, but did American employment also feel the pinch?

Read more

Majors

Cryptocurrencies

Signatures