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Latest Forex Analysis
Editors’ Picks
EUR/USD: Bears seeking a daily downside continuation
EUR/USD is consolidating as traders wait for the market to make the first move. Below the weekly 10 and 21 EMAs, EUR/USD is trading in a bearish weekly territory as it retests a dynamic counter-trendline resistance.
GBP/USD: Bears on the verge of a fresh wave to the downside
GBP/USD bears are seeking a break from 4-hour resistance structure. A downside extension targets a 1.3725 area and beyond. The bears could well start to engage at this juncture with the price meeting the 21-EMA.
XAU/USD bears look for the next selling opportunity
Gold gained traction during the European trading hours on Thursday and advanced to a daily high of $1,788 before reversing its direction in the second half of the day. As of writing, XAU/USD was down 0.2% on a daily basis at $1,775.
Shiba may reward patience with an 80% return
Shiba Inu price did test the May 19 low again earlier this week but did rebound before testing the June 11 low, establishing the low point of a potential inverse head-and-shoulders pattern.
US Durable Goods Orders rebound in May, business spending ebbs
Overall goods orders rise, April's total revised higher. Business spending slips, inhibited by product and material shortages. Manufacturing output scarcity, restrictions contribute to inflation.