Forex pairs & markets covered in this week’s Weekly Forex Forecast & Forex Analysis: USD (DXY), EUR, GBP, CHF, JPY, CAD, AUD & NZD Crude Oil, EURUSD, GBPUSD, USDJPY, NZDUSD, GBPCAD, NZDCAD, CADJPY, EURGBP, EURNZD, EURJPY.
Gold analysis - XAU/USD + Silver Analysis - XAG/USD.
The USD continues to be pressured by lower yields in the US, setting it up as one of the best Short currency opportunities this week alongside the CAD. Find out in today's videos the best currencies to the Long side to pair them with this week!
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EUR/USD holds steady slightly above 1.1050
EUR/USD fluctuates in a narrow range slightly above 1.1050 on the first trading day of September. The US Dollar struggles to build on the previous week's gains as trading conditions remain thin, with US markets remaining closed on Labor Day.
GBP/USD trades in tight channel below 1.3150
GBP/USD moves sideways below 1.3150 in the second half of the day on Monday. Financial markets in the US remain closed in observance of the Labor Day holiday, not allowing the pair to make a decisive move in either direction.
Gold fluctuates at around $2,500 to start the week
Gold struggles to find direction on Monday as it continues to move up and down at around $2,500. Later in the week, key macroeconomic data releases from the US, including August PMI figures and the jobs report, could trigger the next big action in XAU/USD.
Crypto Today: Bitcoin at risk of further decline, Ethereum recovers to $2,500, XRP holds steady at $0.55
Bitcoin and Ethereum gain ground on Monday after opening September in the red. XRP hovers around $0.55 as pro-crypto attorneys discuss the impact of a possible SEC appeal to the Ripple lawsuit ruling.
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.