Home Archive by category Forex (Page 65)
Forex

EUR/GBP Weekly Outlook

EUR/GBP stayed in consolidation from 0.8672 last week and outlook is unchanged. Initial bias remains neutral this week for more sideway trading. On the upside, break of 0.8863 will confirm short term bottoming at 0.8670. Further rise should be seen to 38.2% retracement of 0.9499 to 0.8670 at
Forex

EUR/JPY Weekly Outlook

EUR/JPY’s down trend resumed last week and hit as low as 114.42. As a temporary low was formed, initial bias stays neutral this week first. Some consolidations might be seen but upside should be limited well below 117.77 resistance to bring another decline. On the downside, break of 114.42 should target 161.8% projection of 122.87 […]
Forex

GBP/JPY Weekly Outlook

GBP/JPY dropped to 130.64 last week but couldn’t sustain below 131.90 resistance and recovered. Initial bias is neutral this week first and outlook is a bit mixed. Though, another fall is in favor as long as 133.17 minor resistance holds. Below 130.64 will target a test on 123.94 low. Nevertheless, break of 130.64 will turn […]
Forex

USD/CAD Weekly Outlook

USD/CAD edged higher to 1.4173 last week but failed to break through 1.4265 resistance and retreated. Initial bias remains neutral this week first. Correction from 1.4667 is still in progress and deeper fall could be seen. But downside should be contained 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, […]
Forex

AUD/USD Weekly Outlook

AUD/USD drew support from 55 day EMA and rebounded last week. The development argues that rise from 0.5506 isn’t finished. But as upside is limited below 0.6569, initial bias remains neutral this week first. On the upside, above 0.6569 will target 0.6670 key resistance. On the downside, break of 0.6372 support should confirm short term […]
Forex

Canada: COVID-19 Delivers Another Blow To Job Markets

The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is not guaranteed, nor in providing it does TD Bank Financial Group assume any responsibility or […]
Forex

Nasty NFP Numbers

The headline Nonfarm Payrolls number was -20,500,000 vs an expected -21,000,000 and a revised -870,000 for March.  At any other point in time a 500,000 difference between the estimated and actual would have been a huge difference. However, these days, the actual number was considered roughly in line with expectations.  The Unemployment Rate skyrocketed from […]
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