Since June 2014, the topic of bitcoin growing fame in Argentina has been widely talked about. Argentina's super-weak currency and economic decline have encouraged people to seek an alternative medium of exchange that could give them higher degree of freedom along with a better value.
Daily forex technical analysis on major pairs by analysts from FOREXimf.com. The analyses comprehensively covers AUDUSD, NZDUSD, USDJPY, USDCHF, EURUSD, and GBPUSD. This week, GBP/USD remains under heavy bearish pressure, testing the support at 1.6669 when this analysis was written.
Yen became the worst performer in Asian session today after a series of fundamental considerations prove to be unsatisfactory and the need for safe haven asset among investors diminished further.
Daily forex technical analysis on major pairs by analysts from FOREXimf.com. The analyses comprehensively covers AUDUSD, NZDUSD, USDJPY, USDCHF, EURUSD, and GBPUSD. This week, watch for EURUSD breaks above 1.3395 resistance.
The Bloomberg Dollar Spot Index move higher today. Persistent geopolitical tensions have prevented US Dollar to grow much stronger, but diminished concerns have encouraged investors to leave safe haven assets such as the Yen and Gold, as well as high-risk area currencies such as the Euro.
The intraday bias has turned to bullish for USD/JPY. Today, watch the key resistance area at 102.45. If it breaks, USD/JPY may move higher up to 102.67-102.81. However, beware of possible correction.
Daily forex technical analysis on major pairs by analysts from FOREXimf.com. The analyses comprehensively covers AUDUSD, NZDUSD, USDJPY, USDCHF, EURUSD, and GBPUSD.
AUDUSD pair is currently on strong downward pressures, both from fundamental and technical perspectives. On the fundamental front, Australia's continued trade deficit and a significant drop of Chinese HSBC Services PMI has weaken the AUD. The ensuing RBA decision to remain neutral and left rate in its current 2.5% does not excite the market.
The end of last week was bad day for the Greenback, as it failed to end the week higher against major currencies post July NFP release. Euro fly 0.4% above its nine months low against the USD, and USDJPY slipped from its four months high. Meanwhile, GBPUSD remained weak and traded flat in today's market.
The US Dollar is traded on stronger level today against most major currencies, following reports that initial jobless claims fell from 303,000 to 284,000. Analysts were mostly pessimistic that the data will improve, so the numbers became a complete surprise that once again fuels talk about sooner Fed rate hike.
