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EUR/AUD Weekly Outlook
EUR/AUD rose sharply last week but failed to break through 1.6586 key resistance decisively. Initial bias remains neutral first with focus on 1.6586. Sustained break there will suggest that it’s at least in correction to the fall from 1.9799 to 1.6033. Further rise should then be seen to 38.2% retra
Silver Price Analysis: XAG/USD sellers target 200-bar SMA
Silver prices remain on the back foot after breaking an ascending trend line from August 12.
100-bar SMA guards immediate upside, downward sloping RSI favor sellers.
Silver drops to $26.68, down 0.92% on a day, during Monday’s initial trading session. The white metal keeps its downside break of nea
EUR/USD still looks to 1.1930 – UOB
FX Strategists at UOB Group noted EUR/USD is predicted to accelerate the upside if 1.1930 is cleared.
Key Quotes
24-hour view: “Yesterday, we held the view that ‘there is room for EUR to make one more push higher towards 1.1930 (minor resistance is at 1.1905) before a sustained pullback can be expec
RBI left key rates unchanged at 4.00%
At its August monetary policy decision, the Reserve Bank of India (RBI) kept the benchmark repo rate unchanged at 4% and reverse repo rate at 3.35%.
The central bank, however, maintained its accommodative stance.
Key quotes
External demand expected to remain anaemic.
MPC projects real GDP growth fo
Lykke Updates APIs to Enhance HFT, Algorithmic Crypto Trading
Photo: Lykke
Swiss blockchain company Lykke has updated its trading API to help users connect their algorithms to the cryptocurrency exchange. The company also said they have improved the overall performance of the algo trading APIs by optimizing different areas such as: reducing data backlogs, pr
ASX 200 Index: Banks up in a down day, investors eye the Fed
ASX 200 Index wilting besides a strong bid in the banks.
Corinvius fears linger and weigh on risk sentiment ahead of the Fed.
Australian shares edged higher on Wednesday, boosted by strong financials and gold stocks. At the time of writing, the ASX 200 Index is trading down 0.14% to 6,012 from a hi
EUR/CHF Price Analysis: Bears set to test 1.0590 key support
EUR/CHF looks to test key support on the 4H chart.
Technical set up suggests the gains will be short-lived.
Upside attempts appear capped near 1.0635.
EUR/CHF is holding lower ground just above the 1.0600 level heading into the European open, with risks tilted to the downside in the near-term, as
AUD/USD: Bears lined-up for breakout below trendline support
AUD/USD is testing the bull's commitments at trendline support.
38.2% Fib capping upside attempts as US dollar picks up a bid in risk-off conditions.
AUD/USD is currently trading at 0.6961 between a range of 0.6958 and 0.6964 as bears chip away at the hourly trendline support below 0.7000.
The pai
Aussie falters at key 70c handle as risk sentiment consolidates
AUD - Australian Dollar
Tuesday’s offshore sessions saw a consolidation in global risk appetite as equity markets were lower and the safe haven USD was higher. This saw the Australian Dollar trade sideways, ranging between 0.6925 and 0.6878 throughout overnight trade. Given the escalating situation
GBP/USD Analysis: Bulls struggle above 1.2500 amid coronavirus jitters, Brexit uncertainties
Sustained USD selling assisted GBP/USD to gain some traction on Monday.
The upbeat market mood continued undermining the safe-haven greenback.
Concerns over rising COVID-19 cases, Brexit uncertainties capped the upside.
The GBP/USD pair built on Friday's intraday bounce of around 50 pips and gained
Australian dollar rises as Chinese manufacturing PMI beat estimates
The Australian dollar rose as investors reacted to the latest manufacturing PMI data from China. According to China Logistics, the country’s manufacturing PMI rose to 50.9 in June from the previous 50.6. The non-manufacturing PMI rose from 53.6 to 54.4 in June. These numbers were better than analyst
Pull-up Update