Risk assets sank this week as USD strength rattled markets. Bitcoin and Ethereum surrender August gains. US data and Jackson hole could drive prices in either direction. more...
The Euro, along with a range of other majors, is looking fairly helpless in the face of a rampant US dollar with parity – EUR/USD 1.000 - unlikely to hold the latest sell-off. The daily price is breaking support level at 1.007 to below for the primary bearish trend to be continuing with 0.995 possible target. Alternatively, the price will be bounced from the next dynamic support level to above for the bear matket rally to be started. more...
USD/CAD will be subject to USD specific factors next week as the Canadian dollar remains exposed to downside risk. The daily price is breaking Ichimoku cloud with 1.2966 resistance level to above for the daily primary bullish rebersal. more...
The Australian economy lost 40,900 jobs in July, the Australian Bureau of Statistics said on Thursday - well shy of forecasts that called for an addition of 25,000 jobs following the gain of 88,400 jobs in June. more...
The Federal Reserve released the minutes of its July monetary policy meeting on Wednesday, reaffirming the central bank's plans to continue raising interest rates in an effort to return inflation to its 2 percent objective. more...
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