Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
The dollar is regaining strength again after pullback dwindles again. However, the New Zealand dollar remains the worst. The loonie is currently the strongest in the Asian session and rallied as crude oil quickly rebounded from a sharp decline the day before. For the week, the pound sterling and yen are currently the strongest, while the dollar and kiwi are the weakest.
The main focus for today will be on business activity indexes (PMI), which will be published in the Eurozone, the UK, and the US. The UK is also to publish data on retail sales and public sector borrowing.
Canada is to publish a new home price and retail sales index. The US to publish sales of existing homes.
Technically, despite a fairly sharp jump overnight, WTI crude quickly returned above the 4 hours 55 EMA. It also holds well above the support of the short-term trendline. Thus, the further rally will sooner or later be in favor of 43.38. However, upside momentum is weak given the persistent bearish divergence on the 4-hour MACD.
Upside potential could be limited even in the event of a breakout. Translated into USD/CAD, the pair could get strong support from the long-term Fibonacci level of 1.3056 at least on the initial attempt.
Dollar’s Strength to Stay Limited for Sometime
The dollar’s strength will remain limited in the short term as long as the following levels hold: 1.1711 support for EUR/USD, 1.3005 support for GBP/USD, 0.7109 support for AUD/USD. Resistance 0.9197 for USD/CHF, resistance 1.3271 for USD/CAD. Let’s see if they remove them one at a time. A break of the EUR/CHF resistance at 1.0838 suggests a resumption of growth from 1.0602 to a high of 1.0915.
AUD/JPY appears to be biased by the 76.86 resistance and the focus is now back on the support for the trendline at 75.76.
Manufacturing PMI in Australia CBA PMI fell slightly to 53.9 in August from 54.0. However, the Services PMI fell sharply by more than -10 points to 48.1, down from 58.2, and fell again. The Composite PMI also fell to 48.8 from 57.8, also declining.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
