Due to the downside breakout of the trading range, I see potential for the further drop...
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EUR/USD holds ground above 1.1050 as USD struggles
EUR/USD is holding gains above 1.1050 in the European trading on Monday. A pause in the US Dollar recovery helps the pair stay afloat even though markets appear cautious ahead of key US employment data releases later this week. US Labor Day-led thin trading will likely extend.
GBP/USD stays firm near 1.3150 amid light trading
GBP/USD remains bid near 1.3150 in the European session on Monday amid the US Labor Day-led thin liquidity. In the absence of top-tier economic data releases from the UK this week, the US Dollar price dynamic will be the main driver for the GBP/USD.
Gold trades in tight range as upside looks capped by USD recovery
Gold (XAU/USD) continues trading in a familiar range just above $2,500 on Monday even as Asian stocks fall due to China-growth fears following the release of mixed Manufacturing Purchasing Managers Index (PMI) data.
Tron price is set for a decline as technical indicators show bearish momentum
Tron (TRX) retested its resistance barrier and declined 6.1% last week. In the Asian session on Monday, it trades at $0.1557. Tron's price action suggests a decline ahead, as the bearish divergence in technical indicators shows.
Week ahead: US labour data and the BoC rate announcement in focus
With US Federal Reserve Chair Jerome Powell’s recent speech at the Jackson Hole Symposium confirming that it is time to begin easing policy as well as underlining the importance of the jobs market, this week’s jobs data may help determine how the Fed approaches its easing cycle.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.