The euro recorded modest gains versus the dollar after the European Central Bank kept its monetary policy unchanged on Thursday but opted to slow down the pace of net asset purchases under its emergency scheme. Markets had been eagerly awaiting the Frankfurt institution’s latest policy decision for signs of an imminent unwinding of pandemic-era stimulus, amid surging inflation and strong economic growth.

The European Central Bank will trim emergency bond purchases over the coming quarter, it said on Thursday, taking a first small step towards unwinding the emergency economic aid it has put in place during the pandemic.

After a…

This observation is made around 05:40 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Asian equity markets continued to trade cautiously on Friday following the recent disappointing Asian economic indicators and the fallout from the surging Delta variant of the coronavirus in the region that continued to weigh on market sentiment.

The dollar meanwhile sank ahead of a crucial U.S. jobs report that could spur the Federal Reserve to an earlier tapering of stimulus. The dollar retreated as Fed officials began suggesting the virus’ spread could delay policy tightening. The U.S. central bank has made a labour market recovery a condition for paring pandemic-era asset purchases.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[EURUSD]​

• The euro traded at $1.18762, hovered just below $1.18841 it touched earlier today, the highest since Aug. 4.
• The euro was supported on signs of faster producer prices pressures in the Eurozone, which is hawkish for ECB policy.
• Markets start to react to the potential for more sustained Eurozone inflation and reduced…

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This observation is made around 05:15 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Asian equity markets continued to trade cautiously on Friday as traders pointing to continued worries about the potential for new regulatory crackdowns in China and the fallout from the surging Delta variant of the coronavirus in the region.
European shares poised for strong start Friday as investors took comfort from strong earnings reports and Europe’s high vaccination rates.

The dollar held firm and heads to retain a weekly gain against major currencies as investors looked for more hints from the Fed on its plans to reduce monetary stimulus.
The dollar also strengthened against commodity-linked currencies, underpinned by recovery optimism & easing of oil prices.
COVID-19 worries continue to cap gains for the risk-sensitive markets.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[EURUSD]​

• The euro eased slightly to $1.17379 on Friday, and on course for a second straight week of losses and staying not far from the four-month low of $1.1706 hit on Wednesday.
• The dollar was on modest gains due to strength in U.S. economic data on weekly jobless claims and hawkish July PPI…

This observation is made around 05:15 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Asian shares advanced on Wednesday, led by strong U.S. corporate earnings and accelerating Chinese services activity growth, although the mood remained cautious as the rapidly spreading Delta variant of the coronavirus clouds the global economic outlook. A deepening regulatory scrutiny in China also sent jitters through the global technology sector.

The dollar was pinned against other currencies, as markets looked ahead to partial U.S. labour data due later today and non-farm payroll figures due on Friday.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[EURUSD]​

• The euro was a touch higher at $1.18727 per dollar on Wednesday, as traders awaited U.S. jobs data for a guide to the rates outlook.
• The pair was broadly steady as markets looked ahead to partial U.S. labour data due later today and non-farm payroll figures due on Friday.
• Clouding the outlook…

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Wall Street wrapped up the first half of 2021 at record highs, with investors defying pessimistic projections of a broader pullback and pushing past concerns of rising inflation and potential rate hikes.

Last Wednesday’s session marked the midway point of a year that saw the three major U.S. indexes are up by double-digit percentages, with the Nasdaq advancing 12.5%, the Dow adding 12.7%, and the S&P 500 surging 14.4% since Dec. 31, 2020.

A day earlier, the S&P 500 and the Nasdaq set all-time highs, highlighting Wall Street’s optimism for economic recovery — reinvigorated by widespread vaccinations, businesses ramping up…

This observation is made around 05:15 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Global equities were higher on Wednesday as investors reacted to the release of several mixed economic data from Asian and U.S., while concerns of the Delta variant of COVID-19 kept investors on edge.
Gold set to post their worst month since Nov 2016.
Oil slipped on slower fuel demand growth.

Meanwhile, the dollar were under pressure as the spread of Delta variant of COVID-19 challenged confidence in economic recoveries globally.

Traders await on the crucial U.S. jobs data due on Friday the next trading cues regarding the Fed’s monetary policy outlook.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[EURUSD]​

• The euro was last at $1.18998, up slightly from opening today, after fell 0.22% overnight, as it edged back toward the 2½-month low of $1.8474 touched on June 18.
• The euro was weighted by comments late Monday from ECB Vice President Guindos that fuelled speculation the ECB might maintain its euro-negative stimulus…