Eur/usd

[Zeeshanali]

A.o.A.Dear friend . Todays aud data will come. That is why aud at mixxed position and no one can suggest that whats happend at next time. So try to work on and ejoying forex trading fully with full devotion and work on it. Because forex trading demand your fully attention and go on. Although forex is a best ever online bussiness.Thank you

[Fyyaz532]

EUR/USD has been trading steadily in range as tension mounts toward Fed Powell's speech. Although the focus is on the Fed, there is some room for other events to impact markets, FXStreet’s analyst Yohay Elam informs.

Key quotes
“Jerome Powell, Chairman of the Federal Reserve, will address the virtual Jackson Hole Symposium and may down the dollar. Investors expect Powell to introduce a new monetary policy framework which includes Average Inflation Targeting (AIT). Adopting that new framework would keep interest rates lower for longer, weakening the dollar.”

“Ahead of the speech, the US releases initial jobless claims, which carry expectations of improving after a disappointing increase over one million last week. The lapse of federal unemployment benefits worth $600/week is weighing on the economy that continues its gradual recovery. Investors will also eye the second release of GDP figures for the second quarter. A minor upgrade is on the cards following the initial report reading a record drop of 32.9% annualized.”

“Coronavirus headlines have been mostly positive. Markets are shrugging off the increase in European cases and encouraged by the drop in American figures. More importantly, hopes for a vaccine are keeping stocks bid and somewhat weighing on the dollar. Moderna, a firm based in Massachusets, said its vaccine candidate triggers a positive response also with the elderly. Further developments may move markets.”

[Zaib55]

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[Anam47]

The bank of England kept its main policy rate steady at a record low of 0.1% and raised its economic projects for the UK economy. Specifically UK CPI is expected to be 0.25% In 2020 (May Scenario: 0.6%), and 1.75% in 2021 (May Scenario: 0.5%). UK Unemployment has been dropped to 7.5% for 2020 (May Scenario: 8%) and to 6% in 2021 (May Scenario: 7%).

Traders initially reacted by sending the pound higher to the Bank of England’s review into negative interest rates, which stated:

“At present, banks’ balance sheets will be negatively affected by the period of severe economic disruption arising from Covid-19. And they have an important role to play in helping the U.K. economy recover by providing finance for individuals and companies. As a result, negative policy rates at this time could be less effective as a tool to stimulate the economy.”

But later began selling the currency when Governor Andrew Bailey said in his press conference that negative rates are “in the toolbox” but other tools are preferred for now.

Negative interest rates exist in the Eurozone, Sweden, Switzerland and Japan – and it is an advatange to Sterling over the respective currencies that the UK has not gone down the same path because of the erosion of any yield advantage, small as it is at 0.1%.

The Australian dollar looked past more US – China tensions to edge higher on the day as traders looked forward to the official statement from the RBA’s meeting this week. China has threatened to retaliate if the US Health Secretary travels to Taiwan as scheduled

[Chill]

Today market analysis

You will earn more money if you will follow my views
because I have posted this after checking the
previous routine oaf daily time frame of H1,H4 clearly.

some traders use fundamental analysis, other use indicators or supports and residences
believe on your own strategy.

[Intkhab]

Wall Street closed positively again yesterday with the S&P 500 +1.1% at 3478. Futures are shading slightly lower today though, with the E-mini S&Ps -0.2%. Asian markets were mixed overnight, with Nikkei -04% and Shanghai Composite +0.2%. In Europe, the outlook is cautious this morning,
Regards
I.A

[Zeeshan420]

Today Market trend:sell

Current price aur previous price market ke down hony ka ishara de rahe hain

Resistance and Support points bhi market ke down hony ka ishara de rahe hain

Isliye hum ko sell main trade laga deni chahiye

[SabaFx]

Today Market trend:sell

Current price aur previous price market ke down hony ka ishara de rahe hain

Resistance and Support points bhi market ke down hony ka ishara de rahe hain

Isliye hum ko sell main trade laga deni chahiye
🌷🌷The Confidence is a Main Key Of Success🌷🌷

[waseem98]

A. O. A
Dear friends
Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye.
Best of luck.

[markwin]

today my technical analysis on market trend with this pair.
market trend on BUY
moving average with buy 65%
moving average with SELL35%
Parabolic sar on BUY
SO if we trade buy side then we get (RSI) predict this pair have bullish direction
I suggest to take LONG position today

time frame that is considered while making support and resistance levels – use Daily and Weekly time frameS, consider the daily economic news before taking the tradehurely take profit to earn