Daily Market Analysis

The technical setup for GBP/USD allows expecting a rebound but it has to rise above the resistance first.

On Monday, AUD/CHF broke above the line connecting April and July highs at 0.6785 and managed to close the day above it.

Last week USD/CAD was rejected on the upside: the pair failed to settle above 1.3350.

The European Central Bank will meet on Thursday, September 12. What does it mean for the EUR?

The USD is going to be volatile on Friday, September 6, as America will release Nonfarm Payrolls data at 15:30 MT time.

Last week, EUR/NZD got rejected from the resistance at 1.7590 thus failing to reach new highs.

An attempt of EUR/GBP to break higher earlier this week has been rejected: the advance stopped at 0.9150.

The global economy is in real danger. Will the central banks come to save the day?

The current risk aversion is encouraging the safe-haven demand for the JPY, while the weakness of the euro area’s economy is hurting the EUR.

GBP/CAD tried to recover in August, but its progress wasn’t very impressive. A “Dark Cloud Cover” pattern was formed on the W1.

EUR/NZD has recently made a number of attempts to approach 0.76 but all of them failed.

The current fundamental picture for the GBP is full of events. Let’s see what’s happening in the United Kingdom and how it will impact the British currency.