Created on August 06, 2026 The US dollar has drifted back to the 50 Day EMA against the Franc early on Wednesday. USD/CHF The US dollar has fallen a bit during the trading session here on Wednesday to reach towards the 50-day EMA against the Swiss franc. This is a pair that I continue to…
HO CHI MINH CITY, Vietnam, Aug. 6, 2026 /PRNewswire/ — To support the investor community in enhancing their intermarket analysis capabilities, global broker JustMarkets has released an in-depth research piece on the cyclical fluctuations of the US Dollar (USD). The report offers a multi-dimensional perspective on how the USD impacts various CFD asset classes, helping traders…
Created on August 06, 2026 Bullish view Bearish view The EUR/USD pair continued its recovery, reaching its highest level since June 17 after the strong Eurozone services and composite PMI and as crude oil prices remained under pressure amid optimism on the Strait of Hormuz. It rose to 1.1554, up by nearly 2% from its…
Copper futures (HG #F) continue to trade within a bullish Elliott Wave structure, with price maintaining an incomplete three-swing sequence from the 6.2820 low. The current rally remains constructive, suggesting buyers are still in control. As long as Copper holds above the 6.2820 invalidation level, the path of least resistance remains to the upside. The…
The euro continued to extend its recent gains on 5 August after a weaker-than-expected ADP employment report in the US. EUR/USD is now attempting to break above its previous high around $1.155, reached on 3 August. A breakout above this level could send the euro towards $1.161, last seen on 16 and 17 June, which…
As July concludes and the broad Forex market has delivered a rather choppy price realm for many major currencies versus the USD, the Mexican Peso continues to deliver a fairly remarkable performance. The USD/MXN is around 17.41400 as of this writing, having come down in recent trading from a higher mark of 17.54000 which was…
TL;DR: The Dollar fell despite a hawkish Fed vote, rising yields, and rebounding oil — all bullish macro signals — as Japan’s estimated $59 billion intervention and reported US-Japan cooperation introduced a policy-risk variable that overrode them. The key question now: is this a temporary correction, or the start of a broader reversal? An Unusual…
EUR/GBP rebounded further to 0.8585 last week but retreated. Initial bias remains neutral this week first. While another rise cannot be ruled out, strong resistance should be seen from 0.8610 support turned resistance to limit upside. On the downside, break of 0.8258 support will argue that the corrective rebound from 0.8453 has completed, and turn…
USD/CAD fall from 1.4247 resumed after initial recovery to 1.4127. While deeper decline cannot be ruled out, downside should be contained by 1.3965 cluster support (38.2% retracement of 1.3480 to 1.4247 at 1.3954 to bring rebound. Firm break of 1.4127 will bring stronger rally to retest 1.4247 high. However, sustained break of 1.3954/65 will bring…
EUR/AUD rebounded notably after initial dip to 1.6250. The development suggests that near term corrective pattern from 1.6108 (or 1.6125) is still extending. Initial bias is neutral this week first. On the upside, above 1.6492 will target 1.6617 resistance first. On the downside, break of 1.6250 will bring deeper fall back to retest 1.6108 low….