EUR/USD - 1.0260

Despite euro's rally above previous August's 1.0293 high to a 5-week peak of 1.0368 (Wednesday), subsequent strong retreat to 1.0276 (Thursday) and then Friday's selloff to 1.0239 in New York on cross-selling in euro and broad-based usd's rebound signals medium term rise from July's 20-year bottom at 0.9953 has possibly formed a top and below 1.0190 would head towards 1.0160.

On the upside, only a daily close above 1.0306 would risk stronger gain to 1.0342/47.

Data to be released today

New Zealand NZ PSI, U.K. Rightmove house price, Japan GDP, industrial output, capacity utilization, China GDP, house prices, industrial output, retail sales.
Germany wholesales price index, France market holiday, Italy market holiday, Swiss producer/import price.
U.S. New York Fed manufacturing, NAHJB housing market index, Canada manufacturing sales and wholesale trades 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.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD: Upside appears capped around 0.6800

AUD/USD: Upside appears capped around 0.6800

AUD/USD halted its multi-day recovery after faltering once again near the key 0.6800 mark on the back of a modest advance in the US Dollar and the bearish performance of the risk-linked galaxy.

AUD/USD News

EUR/USD keeps its constructive outlook in place so far

EUR/USD keeps its constructive outlook in place so far

EUR/USD printed new monthly highs north of 1.0900 the figure, although it met some renewed downside pressure on the back of the lacklustre recovery attempt in the Greenback ahead of key data releases on Tuesday.

EUR/USD News

Gold on its route to retest record highs at $2,450

Gold on its route to retest record highs at $2,450

Gold regains its traction and trades in positive territory slightly above $2,420 after dropping toward $2,400 at the beginning of the week. Investors await Fed Chairman Powell's appearance at the Economic Club of Washington.

Gold News

Ripple whales buy 300 million XRP in two days, altcoin holds steady above key support

Ripple whales buy 300 million XRP in two days, altcoin holds steady above key support

Ripple (XRP) noted the highest weekly gains in 2024 over the weekend as XRP holders celebrated the one-year anniversary of Judge Torres’ ruling in the SEC vs. Ripple lawsuit. XRP rallied to a peak of $0.5661 on Saturday, July 13. 

Read more

Failed assassination marks latest escalation in uncertainty

Failed assassination marks latest escalation in uncertainty

Following the shocking assassination attempt on former President Donald Trump, the nation is left wondering exactly why it happened as well as what may be coming next. There are already questions about whether the Secret Service, which answers to President Joe Biden, was incompetent or worse.

Read more

Majors

Cryptocurrencies

Signatures