American Market Recap: AUDUSD bounces off support keeps the buyers in firm control

Friday, 08 May, 2026 Technical Analysis AUDUSD bounces off support keeps the buyers in firm control The AUDUSD fell sharply yesterday, breaking back below a key ceiling/floor zone between 0.7221 and 0.7227. That bearish break helped push the pair down toward the next swing area support between 0.719 Central Banks ECB's Nagel: ECB will do whatever necessary to him he energy price surge ECBs Nagel; Will do whatever is needed to contain energy price jumps ECB is highly alert to increasing inflation risks. ECB will do whatever necessary to curb energy price surge. Learn more Technical Analysis USDCAD runs up to key resistance target and finds willing sellers Soon after the better-than-expected US jobs report in the worse than expected Canadian jobs report, I posted the following brief commentary and chart: The key resistance zone overhead was defined by t News Iran: From now on actions of the US maritime blockade will be met with military response An Iranian national security member is on the wires saying: From now on the actions of the US for maritime blockade will be met with Iran's military response. America should put some escorts for its d News Major European indices close lower on the day The major European indices are closing mostly lower: German DAX, -1.44%. France's CAC -1.09% UK's FTSE 100 -0.43% Spain's Ibex -0.95% Italy's FTSE MIB unchanged For the trading week: German DAX, +0.06 Central Banks Fed's Goolsbee: inflation has not been great. Job market is pretty much stable The job market is pretty much stable. There is not a lot of evidence that job market is falling apart. Inflation has not been great and is going the wrong way. There is not a lot of evidence of the jo Stocks Broader US indices on pace for solid gains this week Both the S&P and NASDAQ indices are on pace for record closing levels after the stronger-than-expected US jobs report. The NASDAQ index is up 1.26% on the day while the S&P index is up 0.80%. Stock market update Tech stocks rally while healthcare drags: Today's market highlights Technology sector climbs as healthcare stumbles Today’s stock market is witnessing a noteworthy divergence as tech giants lead a rally, while healthcare stocks slump. A closer look at the heatmap reve Learn more Central Banks ECB's Legarde: Higher energy costs will push up input prices ECBs Legarde is speaking and says: climbing energy costs will push up input prices. Price increases may then be passed to consumer. We should be well-placed to react, when needed Current rates: The EC

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