August 2018

Several US data releases will highlight the final week of August. A second look at GDP for Q2 will be made public on Wednesday, before personal consumption & income numbers alongside the core PCE index are out on Thursday, at 12h30 GMT.…

GBP/USD has been moving sideways since the soft rebound on the 14-month low of 1.2660 on August 15, unable to fully recover losses made earlier this month. In the short-term, the market could maintain consolidation if the RSI keeps moving…

EUR/USD continues to recoup losses which drove the market to a 1-year low of 1.1300 on August 15, with a spirited recovery to an almost 1-month high of 1.1652 during Monday’s Asian session. For short-term trading, the RSI and the MACD…

EUR/CAD has risen by roughly 350 pips after touching a nine-month low of 1.4798 in mid-August. Earlier on Friday, it posted a 16-day high of 1.5153, while it is currently trading not far below this peak. The RSI is climbing in support of a…

As summer draws to a close, it will be another lacklustre week for economic data in the coming days. The biggest weight will therefore fall on PCE inflation numbers out of the US, GDP figures from Canada and Australian quarterly capital…

USD/CAD is back above the 23.6% Fibonacci retracement level of the upleg from 1.2060 to 1.3385, around 1.3072 but the bias over the last month remains neutral. The pair has been developing within a narrow range with upper boundary the…

AUD/CAD is set to record the second strong negative day in a row, posting a fresh one-week low near 0.9493. The bearish picture in the short and medium term is further supported by the MACD, which is falling below the zero and trigger…

NZD/USD has been creating a pullback since yesterday after it challenged the medium-term descending trend line near the 0.6720 resistance level. However, the pair has found immediate support at the 20-simple moving average (SMA) in the…

AUD/USD turned positive after its downfall to the new 19-month low of 0.7200 in the previous week. The AUD/USD pair posted four straight bullish days and trades within the 40-day simple moving average (SMA) and the mid-level of the…