EUR/USD resumes the upside and advances above 1.0200.The next target emerges at the August top near 1.0300.EUR/USD regains buying interest and reclaims part of the ground lost following Tuesday’s sell-off to the 1.0160 zone.
The continuation of the recovery is predicted to target the August high at 1.0293 (August 2). Above the latter spot could accelerate its losses to the next hurdle at the 55-day SMA, today at 1.0417.In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0941.
EUR/USD slumps below 1.0150 after US data
EUR/USD came under renewed bearish pressure and dropped below 1.0150 in the American session on Wednesday. The data from the US showed that the business activity in the service sector continued to expand at a robust pace in July, providing a boost to the dollar.
EUR/USD News
GBP/USD falls toward 1.2100 amid renewed dollar strength
GBP/USD has extended its daily slide toward 1.2100 in the second half of the day on Wednesday. The US Dollar Index gathered bullish momentum after the ISM Services PMI came in stronger than the market expectation, weighing on the pair.
GBP/USD News
Gold retreats below $1,760 as US yields push higher
Gold has turned negative on the day below $1,760 in the early trading hours of the American session. After the data from the US showed that the ISM Services PMI rose unexpectedly in July, the benchmark 10-year climbed above 2.8%, forcing XAU/USD to edge lower.
Gold News
One more leg up is on the horizon for crypto markets but…
Bitcoin price has shown resilience to sellers as buyers stepped in after retesting a historically strong support level. This development has caused Ethereum, Ripple and other altcoins to trigger a premature rally.
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