2021

USDJPY tests key support The Japanese yen finds support as June’s unemployment rate fell below 3%. A bearish MA cross on the daily chart is likely to cloud buyers’ mood. The pair has met stiff selling pressure near 110.60. The…
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Tomorrow we await the official confirmation that Europe has exited the (second) covid recession. While this might be a relief for many policymakers, there are still plenty of economic troubles plaguing the shared economy. So even though…
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EURUSD attempts reversal The US dollar tumbled after Fed Chairman Jerome Powell said it is nowhere near a rate hike. The RSI divergence was a giveaway that the sellers may have taken their feet off the pedals. The break above 1.1820…
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Tomorrow there is a host of key data coming out ahead of the US session, which could rile up the markets even as they still digest the FOMC meeting results. The biggest data point of the month is likely to be the release of Q2 GDP data.…
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