Uncategorized

The Australian Dollar seesawed through the week, with an RBA rate hike and a blistering trade surplus. US Dollar strength keeps AUD/USD low, boosting the domestic economy.
The weekly price is on ranging near and aroud 200 SMA waiting for the direction of the bearish trend to be resumed in case the price breaks 0.6762 support to below or the bullish reversal to be started if the price breaks 0.7282 resistance level.

more...

USD/CAD may face a larger correction ahead of the Bank of Canada (BoC) interest rate decision as the central bank is expected to normalize monetary policy at a faster pace.

more...

The near-term outlook remains bullish for the greenback. June U.S. inflation data next week could be a positive catalyst for Treasury rates and the DXY index.

more...

The pound looks to begin next week on the backfoot after stronger than expected NFP results played into dollar strength.
The daily price is below Ichimoku cloud for the bearish ranging within support/resistance levels waiting for the direction of the rally to be started or the strong bearish trend to be continuing.

more...

A closely watched report released by the Labor Department on Friday showed U.S. job growth exceeded economist estimates in the month of June. The Labor Department said non-farm payroll employment jumped by 372,000 jobs in June after surging by a revised 384,000 jobs in May.

more...