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NZD/USD clings to gains near session tops, comfortably above 0.7200 mark

NZD/USD caught some fresh bids on Tuesday amid renewed USD selling bias. The underlying bullish tone continued undermining the safe-haven greenback. COVID-19 jitters could temper enthusiasm and cap the upside for the major. The NZD/USD pair edged higher through the Asian session and moved back above

AUD/USD: Excellent buying opportunity at 0.7570

AUD/USD – NZD/USD AUDUSD saw a correction yesterday as predicted & we bottomed exactly at ourbuying opportunity at 7640/30. The bearish engulfing candle is another negativesignal, although we are seeing a recovery over night for a 60 pip profit on our longs. NZDUSD broke support at 7575/70 but m

GLOBAL MARKETS-Stocks fall as virus cases rise; U.S. dollar edges higher

* U.S. stocks sharply lower in afternoon trading * Gold prices rally * U.S. bond prices fall (Updates with closing oil prices) NEW YORK, Jan 4 (Reuters) - U.S. stocks dropped more than 1% on Monday, the first trading day of the new year, pulling back after recent gains to record highs, while the U.S

Broctagon Prime Partners with FXCubic

Photo: FM FXCubic, a London-based financial technology provider, announced today that it has partnered with Broctagon Prime, the liquidity arm of Broctagon Fintech Group, to add Broctagon Prime to its pool of liquidity providers. According to the official press release shared with Finance Magnates,

GBP/USD Forecast: Sterling braces for harsh reality check after Brexit and vaccine euphoria

GBP/USD has kicked off the new year with extended gains as the Brexit deal is being implemented. Optimism about vaccines could be outweighed by the fast spread of coronavirus. Monday's four-hour chart is pointing to near-oversold conditions. Hopes that 2021 will be better than 2020 may face an early

MORNING BID-New Year. Same old market moves

LONDON, Jan 4 - A look at the day ahead from Tommy Wilkes. Investors look to have started 2021 looks much like the end of 2020 -- stocks have resumed their ascent as traders cling to hopes for a speedy rollout of COVID-19 vaccines even as a surge in new cases heralds tighter restrictions and economi

A year like no other for precious metals

Well, it’s been a year like no other in so many ways. “Unprecedented” is an often-overused term. But there truly is no precedent for much of what transpired in public health, politics, the monetary system, the economy, and markets. More than 300,000 Americans reportedly lost their lives while infect

XE Market Analysis: Asia - Dec 31, 2020

N.Y. FX trade was very quiet on the last day of the year, though the Dollar managed modest gains through the morning session. The DXY has made new trend lows of 89.52 in overnight Asian trade, though managed to rebound to 89.94 highs into the London close. The weekly jobless claims data likely helpe

NZD/USD consolidates gains to 32-month tops, comfortable above 0.7200 mark

NZD/USD continued scaling higher for the third consecutive session on Thursday. The prevalent risk-on mood undermined the safe-haven USD and benefitted kiwi. Hopes for a global economic recovery, more US fiscal aid boosted risk sentiment. The NZD/USD pair now seems to have entered a consolidation ph

A divided United Kingdom exits EU orbit, heads into the Brexit unknown

LONDON, Dec 31 (Reuters) - The United Kingdom exits the European Union’s orbit on Thursday, turning its back on a tempestuous 48-year liaison with the European project for an uncertain Brexit future that will shape the fortunes of its people for generations to come. Brexit, in essence, takes place a

Austria Producer Prices Decline Slows In November

Austria's producer prices declined at a softer pace in November, figures from Statistics Austria showed on Wednesday. The producer price index decreased 1.4 percent year-on-year in November, following a 1.5 percent fall in October. The decline in producer prices was mainly driven by a fall in energy

SEC lawsuit against Ripple set for virtual pretrial conference in February

Photo: Cointelegraph The SEC’s case against Ripple for selling XRP as unlicensed security will begin with a pretrial in Feb 2021. The United States District Court of the Southern District of New York has fixed Feb 22, 2021, as the date for the pretrial of the lawsuit filed by the Securities and Exch
Bitcoin is on an absolute rampage. Will all those massive gap ups get filled in the future? I hope for holders sake they don't!

USD/JPY Forecast: About to challenge December’s low

USD/JPY Current price: 103.13 US Senator Mitch McConnell blocked chances to vote on increasing stimulus checks. The coronavirus pandemic continues to spread, stressing health systems. USD/JPY is technically bearish and heading towards 102.86, this month’s low. The dollar’s sell-off continues in thin

US Close – Brexit deal breakthrough, Europe rallies, Oil higher on bullish EIA report and softer dollar, Gold gains

US stocks rose and Treasuries plummeted on optimism that Brexit negotiators have reached an outline of a trade deal and after the CDC reported that more than 1 million in the US have gotten their COVID-19 vaccines. It seems very unlikely that the potential Brexit trade deal will fall apart, but unce

Pull-up Update