1400/7/26 EUR/USD's recovery attempt failed to convince investors that the pair was about to reverse its direction. The European Central Bank's dovish outlook remains intact and makes it difficult for the common currency to find demand. On Monday, the pair is trading in the negative territory below 1.1600.
Traders should reduce their expectations for appreciable movement in the USD/JPY. The defeat of the move above 110.00 by the weak may US payrolls has left the pair without a fundamental rationale for movement. The technical restraints of the range between 108.50 and 110.00 should order trading in the week and weeks ahead. Momentum indicators have largely turned...
Gold (XAU/USD) struggles to overcome the day’s low of $1,884.58, down 0.26% intraday, heading into Monday’s European session. Gold traders fail to keep Friday’s recovery moves beyond the previous resistance line from early May as risk-off mood put a safe-haven bid under the US dollar, which in turn has a negative correlation with the gold prices.
The American dollar strengthened against all of its major rivals, but it is ending the week unevenly against them. The EUR/USD pair trades sub-1.2200 as the week comes to an end. Little happened at the beginning of the week, as speculative interest was looking for a catalyst, finally provided by the Federal Reserve on Wednesday.
Look for sales in the right situations
Given promising US economic data Look for sales in the right situations