Japanese Yen Outlook: Bank of Japan Policy to Push JPY Lower?

The Japanese Yen is at risk of extended declines as Prime Minister Shinzo Abe’s potential successor vows to maintain the current monetary policy framework.
Source: News FX

EUR/USD Latest: ECB Moral Suasion May Affect Lingering Euro

Can Euro strength be sustained with the ECB keeping a close eye on the currency?
Source: News FX

AUDUSD analysis for 07.09.2020

ANZ Jobs Advertisements was released in Australia and there are no major economic reports in the US.
The support rests at 0.72660 with resistance at 0.73000 which both lines are below the weekly pivot point at 0.73070. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below level 50, the MACD line is below the signal line in the negative territory and the Stochastic is moving in high ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 0.7220.

audusd
Source: fxglory

USDJPY analysis for 07.09.2020

Leading Indicators was released in Japan. Despite the USD strengthening, the USDJPY trend is not growing smoothly.
The support rests at 106.130 with resistance at 106.490 which both lines are above the weekly pivot point at 106.030. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
USDJPY is trying to consolidate within the Bollinger bands.

usdjpy
Source: fxglory

EUR/GBP Update: Brexit Stalemate, EU and UK GDP Data This Week

The Pound Sterling extends losses on Monday after Boris Johnson suggested The UK and EU move on if no agreement is reached by October the 15th. EU and UK GDP in Focus
Source: News FX

EURUSD analysis for 07.09.2020

USD is getting empowered by the strong economic reports.
The support rests at 1.18060 with resistance at 1.18580 which both lines are below the weekly pivot point at 1.18770. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is falling towards oversold area, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
EURUSD is moving in a tight range. The bearish pressure may push the price down towards 1.1762.

eurusd
Source: fxglory

British Pound (GBP) Latest: Sterling Under Threat as No-Deal Brexit Risks Increase

The latest round of EU/UK trade talks start this week with both sides ramping up the rhetoric to potentially dangerous levels. Sterling remains very much at risk.
Source: News FX

EU Stoxx 50 Index May Slide Lower Ahead of ECB Monetary Policy Meeting

Europe’s EU Stoxx 50 index is at risk of sliding lower ahead of the European Central Bank’s upcoming monetary policy meeting on September 10.
Source: News FX

Crude Oil Prices Still Vulnerable After Biggest Drop in 2 Months

Crude oil prices look vulnerable to deeper losses after suffering the biggest drop in two months following US jobs data that may have stoked “stagflation” worries.
Source: News FX

Gold Price Recoups Post-NFP Losses amid Ongoing Tilt in USD Sentiment

Current market trends may keep the price of gold afloat as the crowding behavior in the US Dollar looks poised to persist ahead of the Fed rate decision on September 16.
Source: News FX