Forex analysis review

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 need to invalidate bearish Imbalance 17, which could have happened as early as a week ago. However, at the most critical moment, the bulls lost momentum and have been unable to consolid...

The GBP/USD pair continues to rise, which I consider a fully justified move. Last week's reports on the US economy and labor market put an end to speculation over whether the FOMC will raise interest rates in September. Nonfarm Payrolls declined for the fourth consecutive time, but this time the figure was not only low but also fell below zero. Thus, the number of jobs...

Gold (XAU/USD) is struggling to break above the 100-day SMA as the US dollar gains strength.

Despite the weak US nonfarm payrolls data released on Friday, traders continue to assess the possibility of a Federal Reserve interest-rate hike by the end of the year amid inflation risks associated with rising oil prices.

This is seen as the key reason driv...

The S&P 500 closed at a record high on Friday. Traders concluded that the unexpected contraction in July payrolls would reduce the chances of Fed rate hikes in the near future.

Indices moved as follows: the S&P 500 gained ...

Apple shares dropped 1.2% in premarket trading today. The stock went ex-dividend for a quarterly payout of $0.27, which reduced the opening price.

Analysts and the supply chain added to the pressure. The most painful hit came from Jefferies, which downgraded the stock to "Underperform" and cut its price target from $285.56 to $263.66. It cited the cancellation o...