Technical Analysis (25 AUG)
Euro – US Dollar EUR/USD is trading under pressure below 1.0800 on Friday’s European morning. The US Dollar attracts safe-haven flows, as investors turn cautious ahead of the speeches from Fed Chair Powell and ECB President Lagarde at the Jackson Hole Symposium. German IFO coming up next. If trading above 1.08226 is traded, the growth […]
Euro – US Dollar
EUR/USD is trading under pressure below 1.0800 on Friday’s European morning. The US Dollar attracts safe-haven flows, as investors turn cautious ahead of the speeches from Fed Chair Powell and ECB President Lagarde at the Jackson Hole Symposium. German IFO coming up next.
If trading above 1.08226 is traded, the growth will likely continue to 1.08528.
On the other hand, if it trades below the range of 1.08226, the decline is likely to continue to 1.07685.
US Dollar – Japanese Yen
USD/JPY trades higher around 146.00, recovering the recent losses during the early trading hours in the European session on Friday. The Japanese (Yen) experiences downward pressure due to mixed Japan’s inflation figures
If the pair continues to trade above the range of 145.579 It is likely to continue climbing to 147.038.
On the other hand, if the pair is traded below 145.579, it is expected to continue falling to 145.085.
British Pound – US Dollar
GBP/USD is losing ground toward 1.2550 in the European morning. The pair respects the broad US Dollar strength ahead of the central bankers’ showdown at the annual Jackson Hole Symposium. Reduced bets for a 6% BoE peak rate also add to the weight of Cable.
If the pair is trading above 1.26355, it is expected to climb to 1.27780.
On the other hand, if the pair trades below 1.26355 it is expected to fall to the range 1.25427.
US Dollar – Swiss Franc
The USD/CHF pair extends its upside for the second consecutive day above the mid-0.8800s during the Asian session on Friday.
If the pair is trading above 0.88223 it is expected to climb to the range of 0.89173.
On the other hand, if the pair trades below 0.88223 it is expected to fall to the range 0.87898.
Gold – US Dollar
Gold Price reverses from a fortnightly high while consolidating the first weekly gains, so far, ahead of the top-tier central bankers’ speeches at the Jackson Hole Symposium. In doing so, the bright metal bears the burden of the recently firmer US Treasury bond yields and the USD.
If the pair is trading above 1916.97 It is expected to climb to the 1922.18 range.
on the other hand, if the pair trades below 1916.97 It is expected to fall to the range of 1905.44
