GBP/USD remains pressured around two-week low, after breaking monthly support line. 21-DMA, the previous resistance line from mid-June appear to challenge the bears. RSI, MACD also favor sellers whereas buyers have tough challenges ahead. GBP/USD keeps Friday’s bearish bias as sellers attack 21-DMA support during Monday’s initial Asian session. In doing so, the Cable pair
Economist at UOB Group Lee Sue Ann comments on the recently released labour market figures in New Zealand. Key Takeaways “New Zealand’s jobless rate rose a tad to 3.3% in 2Q22 from a record-low of 3.2% in 1Q22, and higher than expectations of 3.1%. Employment growth also stalled, with the number of jobs unchanged for
NZD/USD is under pressure as the US dollar bounces back. Unemployment data will be an important feature on the NZ calendar.  NZD/USD is down o the day by some 1.17% with the price falling from a high of 0.6343 to a low of 0.6253. The greenback has picked up a safe haven bid relating to
What you need to take care of on  Tuesday, August 2: The greenback edged lower on Monday, although the slide pared mid-US session as Wall Street lost its earnings-inspired strength and lost some ground. Market participants remained focused on the risk of a global recession. At the beginning of the day, China published the official
EUR/USD extends the recovery to the 1. 0260 region. German final Manufacturing PMI came at 49.3 in July. Markets’ attention will be on the US ISM Manufacturing due later. The buying interest around the European currency remains well and sound and motivates EUR/USD to attempt another test of the 1.0260/70 band on Monday. EUR/USD up