USD/ZAR Technical Forecast: USD/ZAR Prints Ominous Double Bottom Pattern

The Rand (ZAR) has lost ground against the greenback over the past two days despite broad-based US Dollar weakness. Double bottom pattern doesn’t bode well for the ZAR with key data ahead.

from DailyFX – Market News https://ift.tt/iOWxUS0
via IFTTT

US Dollar (DXY) Little Changed After the US Inflation Report, NFPs Still Key

The US dollar did little on the release of the latest inflation report and is now setting itself up for Friday’s keenly anticipated US Jobs Report (NFP)

from DailyFX – Market News https://ift.tt/b29hsPU
via IFTTT

Pound Sterling Price Action Setups: GBP/USD, EUR/GBP, GBP/JPY

UK-focused data takes a back seat as US, EU (jobs, inflation) direct shorter-term moves. US PCE out later and NFP could add credence to recent weaker jobs data

from DailyFX – Market News https://ift.tt/CNyWwbh
via IFTTT

EUR/USD Slides as Euro Area Makes Progress on Core Inflation, Headline Steady

The Euro Area saw core inflation cool in August but the headline and MoM figure remain sticky. No real clarity from today’s data will only add to the ECB’s conundrum moving forward.

from DailyFX – Market News https://ift.tt/3iPLIAD
via IFTTT