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#XAU/USD# Hello trader's Last week's US DOLLAR lead in market, with gold price closed at 1861 market. Looking ahead to next week, if the price breaks the wedge type pattern it could help us determine the short term direction.

Australia reports Trade Surplus of AUD4,294 million in August, as both imports and exports drop

According to the Preliminary August Trade Balance data published by the Australian Bureau of Statistics (ABS) on Friday, “while both exports and imports declined in August 2020 a goods trade surplus of $4,294m (original, current price, merchandise trade basis) has been recorded”. Key details “Export

USDZAR breaking now!

#USDZAR# Hi traders the correction on h4 and h1 it breaking as I am publishing,please do not miss this sell and manage your trade well Thanks for support Let's Learn Together

Japan Bank Lending Rises 6.3% On Year In July

Overall bank lending in Japan was up 6.3 percent on year in July, the Bank of Japan said on Tuesday - coming in at 572.705 trillion yen. That was shy of expectations for an increase of 6.5 percent but still up from the 6.2 percent gain in June. Excluding trusts, bank lending gained an annual 6.4 per

When is China CPI/PPI data and how could they affect AUD/USD?

China CPI/PPI overview Early Monday around 01:30 GMT, the market sees July month headline inflation numbers from China, namely the Consumer Price Index (CPI) and the Producer Price Index (PPI). China’s annualized CPI reading is expected to rise from 2.5% to 2.6% with PPI YoY likely bouncing off -3.0

GBP/USD: Positive phase remains intact – UOB

Cable is now facing the next key target at the 1.3200 level in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterday, we held the view that ‘the rapid rebound appears to have room to extend higher but for today, a break of 1.3125 appears unlikely (next resistance

AUD/USD clings to modest gains near mid-0.7100s

A combination of factors assisted AUD/USD to gain traction for the fifth consecutive session. The prevalent USD selling bias and upbeat market mood remained supportive of the move up. Concerns over worsening US-China relations might cap gains amid overstretched conditions. The AUD/USD pair traded w

UK signals it will suspend extradition treaty with Hong Kong – BBG

Bloomberg reports that the Foreign Secretary Dominic Raab signalled the UK will join its international allies in suspending an extradition treaty with Hong Kong after China imposed a national security law on the former British colony. Lead paragraphs Raab told Sky News on Sunday he would update Par

Dollar regains traction as weakness in U.S. stocks triggers safe-haven usd buying

Market Review - 09/07/2020  23:42GMT   Dollar regains traction as weakness in U.S. stocks triggers safe-haven usd buying The greenback went through a hectic Thursday session as despite initial weakness in Asia and European morning, dollar staged a strong rebound in New York morning on active safe-h

GBP/USD under pressure below 1.2600 amid risk-off mood

GBP/USD consolidates the downside amid risk-aversion. Coronavirus fears offset UK fiscal stimulus optimism. UK turns down EU coronavirus vaccine scheme. Following a steady decline in the overnight trade, GBP/USD looks to extend the downside consolidative mode below 1.2600 in early Europe and remain

Major Pair Updates: Hourly & daily

It seems the risk on and risk off are the key drivers of the dollar.  Nothing new there.  But this environment is another reason, besides the wave chart analysis, is why if push come to shove, I still believe the dollar index has more room to correct higher.  Sentiment in the stock market is so bul

Spain Consumer Prices Fall At Slower Pace In June

Spain's consumer prices declined for the third straight month but the pace of annual decrease slowed in June, preliminary data from the statistical office INE showed Monday. The annual decline in consumer prices slowed to 0.3 percent from 0.9 percent in the prior month. The 0.9 percent decrease post

Asian Markets Mostly Higher After Wall Street Rally

Asian stock markets are mostly higher on Friday following the positive cues overnight from Wall Street after U.S. regulators announced plans to ease regulations that will allow banks to invest in risky assets such as venture capital funds. The news helped offset worries about the spiking coronavirus

PBOC sets Yuan reference rate at 7.0555

The People's Bank of China (PBOC) has set the yuan reference rate at 7.0555 versus Tuesday's fix at 7.0671. The central bank has injected liquidity worth 180 billion via seven-day repo operations.

WTI slips below $39.00 to snap two-day winning streak

WTI extends pullback from four-day top of $40.04. The EIA inventory fall, US-China tussle add strength to the post-Fed consolidation. US economics, Sino-American story might entertain traders amid a light calendar. WTI stays pressured near $38.75 amid the early Asian session on Thursday. The oil be

Pull-up Update