British Pound picks up above 1.3500 against the US Dollar, after bouncing off lows at 1.3474 . The US Dollar struggles on Friday as a run of soft inflation data has pushed back hopes of immediate Fed rate hikes. Later today, the US Retail Sales and Michigan Consumer Sentiment Index data will provide further insight…
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Market Overview The crypto market has pulled back to the lower end of the consolidation range in place since May. The upward trend seen in the first week of the month failed to gain momentum, repeating the pattern seen in June and July when bullish attempts also faded. It appears that the theory of an…
Overall outlook in EUR/AUD is unchanged as corrective pattern from 1.6108 (or 1.6125) is still extending. Initial bias stays neutral this week first. on the upside, above 1.6405 minor resistance will turn bias to the upside for 1.6503 resistance. On the downside, break of 1.6250 will bring deeper fall back to retest 1.6108 low. In…
USD/CAD’s fall from 1.4247 continued last week and accelerated through the near term falling channel. The development solidifies the case that rebound from 1.3480 might have completed with three waves up to 1.4247 already. Initial bias stays on the downside this week for 61.8% retracement of 1.3480 to 1.4247 at 1.3773. On the upside, above…
TL;DR: Dollar Index is approaching a critical support level as September Fed hike odds collapse from likely to roughly a two-in-three chance of a hold — not because tightening risk has disappeared, but because weaker jobs and softer consumer demand are limiting how far the Fed can realistically go. Why Dollar Has Looked Increasingly Fragile US Dollar…
The British Pound is up to near 1.3533 against the US Dollar as Fed hawkish bets recede. Traders price out hawkish Fed bets after soft US CPI data for July. Investors shift their focus to the UK employment and CPI data. The British Pound (GBP) trades 0.35% higher to near 1.3533 against the US Dollar…
Outlook is unchanged in EUR/GBP as range trading continues. Initial bias remains neutral this week first. While rebound from 0.9453 might extend, strong resistance should be seen from 0.8610 support turned resistance to limit upside. On the downside, break of 0.8528 support will argue that the corrective rebound from 0.8453 has completed, and turn bias…
Range trading continued in USD/CHF last week and outlook is unchanged. Initial bias remains neutral this week first. With 0.8029 support intact, further rally is expected. On the upside, firm break of 0.8205 will extend the rise from 0.7603 to 161.8% projection 0.7603 to 0.8041 from 0.7600 at 0.8469. However, decisive break of 0.8029 will…
Created on August 14, 2026 Gold pulls back slightly to kick off the Friday session, as traders continue kicking the market back and forth. There’s a lot of confusion right now, with participants running a lot of different scenarios all at the same time. Gold has looked bullish lately, but that doesn’t mean the picture…