Rachel TWS
Rachel TWS
Rachel TWS
Rachel TWS
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Markets consolidate

Overview:  The Australian dollar powered to marginal news highs for the year as the move against the US dollar continued yesterday. The euro stopped a few hundredths of a cent below the high seen at the end of last week. However, neither sustained the upside momentum and have come back offered today

EUR/JPY Price Analysis: Further downside could see 124.00 re-tested

EUR/JPY recorded new 2020 highs in the 125.55/60 band on Thursday. The March 2019 high near 127.50 is the next target of significance. EUR/JPY’s rally has managed to hit fresh tops near 125.60 during early trade in the second half of the week, just to come under some selling pressure soon afterward

GBP/USD Forecast: Eyeing 1.32 as Bailey balks at negative rates, dollar weakness set to resume

GBP/USD has hit the highest since March amid an upbeat message from the BOE. US jobless claims, fiscal stimulus talks and Non-Farm Payrolls tensions are in play. Thursday's four-hour chart is pointing to room for more gains. Not ruling out, but not now – the negative message on sub-zero borrowing c

EURUSD NEEDS A BREATHER

#EUR/USD# Similar to AUDUSD we need a breather (pullback) if this pair wants to go any higher, price has slowed down and now we seeing a little bit of life in US dollar , this can change very fast tomorrow night with NFP but I'm looking at short positions and quickly move stops to b

Dollar tanks on NFP worries, what to expect from BoE

The US dollar traded lower against all of the major currencies on Wednesday, a sign that FX traders are worried about Friday’s non-farm payrolls report. With ADP reporting significantly weaker than expected private payroll growth in July (167K vs. 2.3 million forecast) and the employment component o

GBP/USD: Brexit uncertainty to pound the pound this year – Reuters poll

According to the latest Reuters poll of around 60 foreign exchange strategists, GBP/USD is likely to ease by end-2020 from current levels, in the face of Brexit uncertainty and coronavirus crisis. Key findings “The pound would dip to $1.29 in a month and to $1.28 in three months before returning to

USD/CAD Daily Forecast – Canadian Dollar Gains Ground As Oil Breaks To New Highs

U.S. Dollar Index Is Testing Multi-Month Lows USD/CAD declined towards 1.3250 as the U.S. dollar continued to lose ground against a broad basket of currencies while WTI oil rallied to new highs. The U.S. Dollar Index remains under significant pressure and is currently trying to settle below 92.5. If

USD/JPY Outlook (06 August 2020)

#USD/JPY# Overall, USD/JPY is trending downwards. Recently, USD/JPY has been ranging across. USD/JPY’s next support zone is at 104.400 and the next resistance zone of 106.200. Look for selling opportunities of USD/JPY .

Gold Price Analysis: Buy the dips circa $2008 after a correction from record highs – Confluence Detector

Gold quickly retraced $20 from fresh all-time highs of $2031.20, as investors took profits off the table after the relentless rise. Despite the pullbacks, the path of least resistance is to the upside amid persistent downbeat tone seen around the US dollar. The greenback remains undermined by fallin

AUD/USD: Bulls shrug-off China Caixin Services PMI to attack 0.7200

AUD/USD stays positive near the weekly top while extending the previous day’s run-up. China Caixin Services PMI slipped to 54.3 versus 56.8 forecast, 58.4 prior in July, Aussie data came in mixed during early-Asia. Virus woes, deadlock over US stimulus and Sino-American tension portray the risk-tone

Gold Price Analysis: XAU/USD refreshes record top beyond $2,000 as risk dwindles

Gold prices refresh the all-time high to $2,026.36. US policymakers’ failure to unveil fiscal stimulus, blast in Beirut and fresh Sino-American tussle favor risk-off mood. Updates on the American aid package, coronavirus news and the US data will be the key to watch. Gold bulls are unstoppable whil

Oil can move up to 55$

#USOIL# Oil can move up to 55$ fundamental and Technical They tell the situation

Dollar ends higher on short-covering

Market Review - 03/08/2020  23:52 GMT   Dollar ends higher on short-covering The greenback extended its winning streak and ended Monday higher across the board on short-covering and later pared intra-day gains in New York due partly to downbeat U.S. construction spending data.      Reuters reported

AUD/USD Forecast: At risk of losing further ground

AUD/USD Current Price: 0.7121 Australian manufacturing output improved in July, but investors weren’t impressed. The Reserve Bank of Australia is having a monetary policy meeting this Tuesday. AUD/USD under pressure despite encouraging Australian data, bearish below 0.7070. The Australian dollar

When is the RBA Interest Rate Decision and how could it affect AUD/USD?

With the recent pessimism concerning the coronavirus (COVID-19) outbreak in Victoria, the Reserve Bank of Australia’s (RBA) monetary policy decision, at 04:30 GMT on Tuesday, become the key for the AUD/USD traders. While the Aussie central bank has already shown the intention to keep the interest ra

Pull-up Update