Forex analysis review

The GBP/USD pair moved quite calmly this week, clearly waiting for the most important reports, which became available today. These reports effectively put an end to the debate over whether the FOMC will raise interest rates in September. The Nonfarm Payrolls figure declined for the fourth consecutive time, but this time it not only came in at a low level but also fell ...

The EUR/USD pair remains within the local bearish impulse that began on April 17, but with each passing day, the bulls are getting closer to establishing their own trend. To do so, they only need to invalidate bearish imbalance 17, which could happen as early as today. The fundamental backdrop remains unfavorable for the bears. Traders expected Kevin Warsh to either pr...

Plans by Iran to restrict passage of "hostile" vessels through the Strait of Hormuz are lifting oil prices and increasing geopolitical uncertainty in the energy sector. Bitcoin once again tested a long?running downward trend line amid minimal spot volumes and large inflows of BTC to exchanges, which may determine the near?term direction of the crypto market. A Counterp...

Nonfarm payrolls in the US fell by 23,000 in July, while economists had been expecting an increase in the 83,000–97,500 range, according to Bureau of Labor Statistics data. The unemployment rate dipped to 4.1% versus the 4.2% that had been expected, and the number of unemployed stood at 6.9 million, little changed both month?over?month and year?over?year. The result was worse...

The price test of 158.43 occurred when the MACD had just started moving upward from the zero line, confirming the validity of the entry point for buying the dollar. However, the pair never made the strong upward move that was expected.

This is because the market is waiting for the July U.S. employment report, whi...