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BoE meeting: Neutral, with a touch of optimism - Forex News Preview

The Bank of England will announce its policy decision at 11:00 GMT Thursday. This is one of the big meetings, with updated economic forecasts and a press conference.

US Open Note – Dollar fizzles despite tapering hints; European stocks at fresh record highs

Delta fears  The rest of the day will be quiet in terms of data releases but there are enough things happening globally to keep investors busy in the next sessions.

EURCHF is plummeting towards a fresh nine-month low of 1.0727, creating a strong selling movement after the pullback off 1.

Technical Analysis – EURJPY rebounds but downside risks remain in force

EURJPY is drifting across the 129.61 level, which happens to be the 50.0% Fibonacci retracement of the up leg from 125.

WTI crude oil futures are moving horizontally over the last 4-hour sessions above the 70.60 support level and below the short-term simple moving averages (SMAs).

Technical Analysis – GBPUSD advances above 1.39; neutral outlook

GBPUSD is heading up again after the pullback off the 1.4000 restrictive level and the 40-day simple moving average (SMA) last week.

Daily Market Comment – Yield meltdown boosts yen, RBA holds the line

Yen shines, stock markets erase gains as bond yields slide  Fed Governor Waller opens door for September tapering RBA sticks to tightening plan despite lockdowns, aussie jumps Bond market nerves lift yen The sense of nervousness that haunted the bond market in recent months has returned, putting investors across every asset class on red alert.

Technical Analysis – AUDUSD consolidates below 0.74 but buyers intensify

AUDUSD is currently pushing above the 50-period simple moving averages (SMAs) and the flattening Ichimoku lines at 0.

RBA could put off tapering decision and expose aussie to more declines – Forex News Preview

Four weeks ago, the Reserve Bank of Australia (RBA) claimed that the economy is in a good shape, and it would proceed with its bond tapering schedule as soon as September, despite the Covid uncertainty.

US Open Note – Stocks return to Asia opening levels and dollar a tad lower

Market sentiment on back foot ahead of US ISM Manufacturing PMI US major indices have given up their Asian price improvements, as sentiment deteriorates on US infrastructure talks and in advance of the US ISM Manufacturing PMI, scheduled for 14:00 GMT today.

USDJPY is attracting a selling interest beneath the 23.6% Fibonacci retracement level of the down leg from 111.

Technical Analysis – Gold eases back toward 1,800 after advances curbed

Gold is currently at the red Tenkan-sen line at 1,811 looking set to continue the road to the 1,800 mark, after positive developments were halted by the 50-day simple moving average (SMA) and the July 15 high of 1,834.

Daily Market Comment – Dollar stabilizes, stocks recover ahead of busy week

Dollar trades quietly as traders brace for nonfarm payrolls week Wall Street powers higher, oil takes a hit after soft Chinese PMI ISM manufacturing index and RBA rate decision coming up  Dollar stabilizes as Fed aftershocks fade The world’s reserve currency took a hit last week after the Fed chief reassured investors that rate increases were still far away and that the labor market still hasn’t recovered properly.

Technical Analysis – EURUSD pulls back off 40-day SMA around 1.1900

EURUSD found strong resistance at the 40-day simple moving average (SMA), which was hovering near the 1.1900 psychological level.

US Open Note – Stock indices to claim monthly gains despite jitters; dollar on the backfoot

Stock indices head for a monthly gain The month of July started with the impression that plans of monetary tightening could get more into fashion, adding a solid footing under currencies, while the earnings season could further brighten the outlook for stocks despite the inflaming virus numbers.

Weekly Comment – USD loses altitude; can NFP report rekindle summer rally?

USD finally caught up with tumbling real yields in the past week, with the Fed’s stubbornly dovish inclination intensifying the selloff mid-week.

USDCHF’s decline has recently stalled around the 0.9043-0.9053 support obstacle.  In spite of this, the falling 50- and 100-period simple moving averages (SMAs) and their recent bearish crossovers of the 200-period SMA are nourishing the plunge in the pair.

Week Ahead - Nonfarm payrolls highlight a huge week

Global markets will go into overdrive next week, with two central bank meetings and a landslide of data coming up.

Daily Market Comment – Stocks falter again, bruised dollar seeks to end losing streak

Market mood sours again as China crackdowns, mixed earnings and Delta fears all weigh Dollar halts slide but struggles to regain positive footing after dovish Fed and soft data Pound sets sights on $1.

GBPUSD found some footing at the red Tenkan-sen line at 1.3935 after a minor pullback from the 1.3981 level.

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