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Gold Price Analysis: XAU/USD's love affair with bullish trendline continues
Gold trades around a multi-month bullish trendline for the ninth straight day.
The Sept. 8 low is now the level to beat for the bears.
Gold is flirting with a six-month-rising trendline for the ninth consecutive trading day.
At press time, the metal is trading just short of the ascending trendli
USD/CAD Price Analysis: Seesaws in a short-term triangle below 1.3200
USD/CAD struggles for a clear direction while keeping the 1.3153-1.3197 range.
Sustained trading beyond 200-HMA favors the bulls.
The key Fibonacci retracement levels add barriers to sellers’ entry.
USD/CAD takes rounds to 1.3175 during the early Asian session on Tuesday. In doing so, the loonie pa
EUR/JPY Weekly Outlook
EUR/JPY stayed in consolidation pattern between 124.44/127.07 last week. Initial bias stays neutral first and another rise remains in favor as long as 124.44 support holds. Firm break of 127.07 will resume larger rise from 114.42, to 128.67 fibonacci level. However, firm break of 124.44 should, at l
GBP/USD Price Analysis: Prints three-day winning streak to attack 1.3100
GBP/USD seesaws in a choppy range between 1.3091 and 1.3107.
Overbought RSI, bearish MACD favor the sellers, a sustained trading past-10-day EMA lures the buyers.
Bulls will have multiple upside barriers beyond 1.3100.
GBP/USD picks up the bids near 1.3100, up 0.10% on a day, during the early Monda
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.2992; (P) 1.3072; (R1) 1.3135;
GBP/USD is staying in range of 1.2982/3185 and intraday bias remains neutral first. Further rise could still be seen as long as 1.2982 support holds. Break of 1.3815 will target 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303. However, br
Australian Market Declines
The Australian stock market is declining on Friday following the weak cues overnight from Wall Street after the release of some disappointing U.S. economic data and amid rising U.S.-China tensions. Worries about the rising number of coronavirus cases in Victoria also weighed on the markets. Stocks a
Citadel Securities Fined $700K for Alleged Breach of FINRA Rules
Photo: Reuters
The Financial Industry Regulatory Authority (FINRA) recently announced that it has fined Citadel Securities $700,000 for allegedly breaching FINRA Rule 5320 (Prohibition Against Trading Ahead of Customer Orders) and FINRA Rule 6460 (Display of Customer Limit Orders).
According to a
S&P 500: Futures print mild gains below 3,200 after Wall Street’s stellar performance
S&P 500 Futures probe 12-day top with eyes on February month peak.
Hopes of further stimulus, upbeat global data favor equity bulls.
Fears of the virus, trade/political tension compress the optimism.
S&P 500 Future rises to 3,177, up 0.15% on a day, as markets in Tokyo open for trading on T
AUD/USD Price Analysis: Bulls eye 0.7000 amid symmetrical triangle breakout
AUD/USD’s path of least resistance is to the upside.
The spot charts symmetrical triangle breakout on hourly sticks.
A test of 0.70 likely, as focus shifts to US Services PMI, RBA.
AUD/USD broke the recent 50-pips range trade to the upside on Monday, helped by the risk-on market mood, as the glob
Fed's corporate bond holdings rise to $10 billion
The Federal Reserve (Fed) bought corporate bonds worth $1.3 billion in the week ended July 1, taking the tally to $10.01 billion, Fed data released on Thursday showed, according to Reuters.
Meanwhile, the central bank purchased $16 billion worth of US Treasuries, boosting its government bond holdin
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USD/CAD regains 1.3400 amid post-Fed retracement, US Jobless Claims eyed
USD/CAD keeps recovery moves from 1.3315 despite flashing modest gains on intraday.
WTI pullback, market’s consolidation of the FOMC-led moves seem to play their roles.
US PPI, Sino-American tussle and other qualitative catalysts should also be watched for fresh impulse.
USD/CAD carries the late-US
NZD/USD Price Analysis: RSI divergence keeps sellers hopeful inside nearby rising channel
NZD/USD refreshes intraday high following upbeat comments from New Zealand Finance Minister Robertson.
RSI divergence on the hourly chart can drag the quote to 0.6420/25 support confluence.
February month high lures the buyers during further upside.
NZD/USD takes the bids near 0.6473, up 0.14% on a
Pull-up Update