Aussie Dollar Sinks, Yen Gains as Risk Aversion Grips the Markets
The Non-Farm Payroll report, because of its importance to the reserve currency, tends to move all markets. No trader in the world ignores the "NFP" acronym.
GBPUSD: Downtrend Continuation
GBPUSD fell to a new low last week as expected, after only three wave bounce from 1.4893 to 1.5240 which was a corrective move called a zigzag. As such, we are bearish on GBPUSD and will expect more weakness after any pullback.
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If the NFP is a strong figure today, then the dollar’s run to higher ground will resume and the Euro will head back to 1.2300 and today’s session low at 1.2287
In deepth
GBP/USD Forecast: range persists, but bears lead
The GBP/USD pair remains confined to a 30 pips range this Tuesday, still stuck around the 1.4900 level and overall...
GBP/USD Forecast: bullish above 1.5630
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Aussie Dollar Sinks, Yen Gains as Risk Aversion Grips the Markets
The Non-Farm Payroll report, because of its importance to the reserve currency, tends to move all markets. No trader in the world ignores the "NFP" acronym. Some want to avoid it at all costs, others try and trade the high volatility it produces to make some pips.
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold
Eurodollar has extended the current ascending wave and almost reached its target. We think, today, the price may start forming a reversal structure to continue falling inside the downtrend.
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