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Vietnam GDP Growth Improves In Q3

Vietnam's economy expanded at a faster pace in the third quarter but remained below pre-pandemic level, official data showed Tuesday. Gross domestic product rose 2.62 percent on yearly basis in the third quarter, following a revised 0.39 percent rise in the second quarter. During January to Septembe

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2827; (P) 1.2877; (R1) 1.2938; Intraday bias in GBP/USD stays neutral first. Further decline remains in favor with 1.3035 minor resistance intact. Decisive break of 38.2% retracement of 1.1409 to 1.3482 at 1.2690 will argue that the rise from 1.1409 might be completed, and bring

NZ Treasury: Unemployment rate to peak at 7.8% vs. 9.8% forecast in budget

New Zealand’s (NZ) Treasury is out with its pre-election Economic and Fiscal Update (PREFU) for this year, with the key takeaways found below (via Reuters). NZ govt sees unemployment rate to peak at 7.8%, down from 9.8% forecast in budget. Sees June quarter GDP at -16%, down from its previous forec

Eurusd sell 1837

#EUR/USD# Breaking down on 15 min chart Tp 1810 Bearish on 4 hr chart

Binance Launches Platform Allowing Users Farm Crypto Assets

Photo: Binance CEO Changpeng Zhao (Source: PC Tech Mag) Binance is strengthening its offering of decentralized finance-styled (DeFi) services with the launch of a new platform that will allow users to securely farm new assets and receive rewards for stalking. Announced on Sunday, the platform is

USD/CAD Weekly Forecast: The path of least resistance

Dollar Canada closes at seven month low on Friday. First test of 1.3050, rebounds to finish at 1.3100 resistance/support. Annualized GDP contracts 38.7% in Q2, less than the -39.6% forecast. WTI fails at $43.50, minimal damage from Hurricane Laura on the US Gulf Coast. The Canadian Dollar reached i

S&P 500 Futures await fresh clues to refresh record top surrounding 3,450

S&P 500 Futures struggle to keep the four-day winning streak amid quiet trading session in Asia. Coronavirus-related headlines entertain traders following the previous day’s risk-on moves, backed by the Sino-US trade deal optimism. Traders turn cautious as reaching closer to the key speeches fro

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8975; (P) 0.8992; (R1) 0.9014; EUR/GBP is still extending the consolidation from 0.9175 and intraday bias remains neutral. On the upside, break of 0.9175 will resume larger rise from 0.8670, towards 0.9499 high). However, break of 0.8930 support will also come with firm break of

Australian Dollar range bound amid ongoing US fiscal stimulus negotiations

AUD - Australian Dollar Markets remained subdued through trade on Monday, offering little to excite investors in what was a largely uneventful start to the week. In the absence of headline data points the AUD bounced between 0.7140 and 0.7185. The AUD struggle to find any meaningful direction as inv

South Korea Bourse Tipped To Extend Winning Streak

The South Korea stock market has finished higher in four straight sessions, gathering more than 90 points or 4.1 percent along the way. The KOSPI now rests just above the 2,340-point plateau and it's got another solid lead for Friday's trade. The global forecast for the Asian markets is upbeat, than

GBP/USD path of least resistance is down ahead of critical data – Confluence Detector

GBP/USD is looking for a new direction after the UK clashed with China over Huawei and ahead of all-important inflation, jobs, and retail sales figures from the UK.  How is the currency pair positioned?  The Technical Confluences Indicator is showing that cable faces a wall of resistance at 1.2589,

Australian state of Victoria has 134 new coronavirus cases, from 191 the previous day

Updated figures with over 26k tests completed yesterday: 134 more cases of Covid-19 overnight 11 are linked to outbreaks The rest (123) are under investigation 860 active cases in total for the state: 41 in hospital  people in ICU ICYMI, Melbourne (capital city of the state) and a neighbouring

PBOC sets Yuan reference rate at 7.0903

The People's Bank of China (PBOC) has set the Yuan reference rate at 7.0903 versus Wednesday's fix of 7.0873.

Possible Head shoulder pattern

#EUR/USD# This could be possible a head shoulder reversal pullback retest TL.

DXY softer in the open, markets look to the Fed, Trump's re-election campaigning and trade wars

DXY will be a major theme this week, with Trump and the Fed to making noise. NFPs have risen 2.509mn in May versus a consensus estimate of a 7.5 million fall. The US dollar is a touch softer in the open this week with DXY -0.17% at the time of writing and trading below the 97 handle. DXY slid fro

Pull-up Update