Don’t waste your time – keep track of how NFP affects the US dollar!
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On the daily chart, the pair has been rising. However, it seems like it hasn’t reached its lows yet. Taking a look at H4, we see that the pair has been trading in the downtrend, so risks of the fall increase. If the pair is able to break above the upper boundary of the descending channel (near 108.865), we will see a rise to the resistance at 108.96. However, if the pair keeps trading in the downtrend, we can anticipate a fall to 108.40.
The U.S. Commerce Department said it will issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20.
After yesterday's equity sell-off things are looking mixed in the Asian session this morning.
US stock markets tumbled at the opening on Thursday as the Federal Reserve's warnings about a slow recovery from the pandemic.
The New Zealand dollar is rising for the sixth straight day, outperforming its major peers. What is the reason? Let’s find out!
The U.S. Commerce Department said it will issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20.
Oil keeps rallying for the fourth day in a row after Goldman Sachs claimed that the oil market is in deficit and also because of the recent storm in the Gulf of Mexico, which led to the sharp decline of oil production. It is the best week for oil since June!
