Kathleen
EUR/JPY Daily Outlook
Daily Pivots: (S1) 122.96; (P) 123.49; (R1) 123.95;
Intraday bias in EUR/JPY remains neutral for the moment. Further fall is in favor with 124.31 minor resistance intact. On the downside, sustained break of 38.2% retracement of 114.42 to 127.07 at 122.23 will extend the fall from 127.07. Next target
European Economics Preview: Eurozone Sentix Investor Confidence Data Due
Investor confidence data from euro area is due on Monday, headlining a light day for the European economic news.
At 1.00 am ET, Statistics Finland publishes industrial production figures for June. Production had declined 3.8 percent annually in May.
At 1.45 am ET, the Swiss unemployment data is due
China's Inflation Accelerates; PPI Falls At Slower Pace
China's consumer price inflation accelerated in July on higher food costs as regional flooding disrupted transportation, and the decline in factory gate prices slowed further reflecting the recovery in economic activity, official data showed Monday.
Inflation rose to 2.7 percent in July from 2.5 per
China urges EU to stop Hong Kong interference – Xinhua
Speaking at a news briefing, Wang Wenbin, a Chinese Foreign Ministry spokesperson, urged the European Union (EU) to not interfere in the Hong Kong affairs, per Xinhua news agency.
Key quotes
“Hong Kong is a special administrative region of China, and Hong Kong affairs are purely China's internal aff
CLSA Shareholders Vote Against Business Wind Up
Photo: Bloomberg
CLSA Premium Limited, a Hong Kong-based forex broker, on Tuesday, has posted the results of the voting on a proposal for winding up of its business, showing a decision against it.
In a voting process conducted earlier today in an extraordinary general meeting (EGM), 80 percent of
Gold holds steady near all-time high, around $1940-45 region
A combination of factors assisted gold to scale higher for the seventh straight session on Monday.
Extremely overbought conditions on short-term charts warrant some caution for bullish traders.
Gold maintained its strong bid tone through the first half of the European trading action and was last se
Australian Market Little Changed
The Australian stock market is little changed on Thursday after opening higher following the positive lead overnight from Wall Street on upbeat coronavirus vaccine news and better than expected quarterly results from financial services giant Goldman Sachs. Gains by banks and oil stocks were offset b
Binance.US Partners with Sovos on Tax Crypto Compliance
Photo: FM
Binance.US, the US arm of the world’s largest cryptocurrency exchange by volume, has partnered with Sovos, a startup that focuses on cryptocurrency accounting and auditing, in order to modernize its tax information reporting.
Binance.US will use Sovos’ technology to automate its 1099 for
XE Market Analysis: Asia - Jun 24, 2020
The Dollar rallied in N.Y. on Wednesday, taking the DXY to highs of 97.11 from overnight lows of 96.55. The USD headed higher largely on safe-haven flows, as the sharp rise in U.S. virus cases saw risk-taking levels evaporate, with fears rising that the tentative economic recovery could come undone
GBP/USD Price Analysis: Bears attack 14-day low after breaking three-month-old support line, 50-day SMA
GBP/USD stays on the back foot near the lowest since June 01.
A sustained break of key support line, now resistance, as well as 50-day SMA, keep sellers hopeful.
61.8% Fibonacci retracement adds to the upside barrier.
GBP/USD declines to 1.2413, down 0.09% on a day, amid the early Tokyo session on
Markets Outlook: All eyes on US Non-Farm Payrolls
All eyes on the granddaddy of them all: US Non-Farm Payrolls
Week Ahead
With the coronavirus pandemic continuing to dominate market attention, investor attention over the week ahead will turn to April's US jobs report where the unemployment rate is widely expected to reach multi-decade highs.
Cent
Pull-up Update