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The Australian stock market is advancing on Tuesday following the overnight gains on Wall Street amid optimism about additional fiscal stimulus in the U.S. and on upbeat economic data. In addition, higher commodity prices lifted resources stocks. The benchmark S&P/ASX 200 Index is rising 51.30 p

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The aussie’s path of least resistance appears to the upside. The spot charts falling channel breakout on hourly sticks. Extension of the USD sell-off could risk a test of 0.72 in AUD/USD. AUD/USD has receded from daily highs of 0.7146 but still trades with sizeable gains above 0.7100 amid broad US

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EUR/JPY stays on the defensive but managed to regain 123.00. The key support area around 122.90 holds the downside so far. EUR/JPY keeps correcting lower on the back of renewed JPY-buying and despite the firm performance of the European currency. Friday’s pullback met support in the 122.90 region,

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EUR/USD The Euro extends steep uptrend (up over 4% this month) and broke above 1.1700 barrier for the first time since Sep 2018. Fresh advance hit new 23-month high on Monday as the single currency was further boosted by rising tensions between the US and China that pushed the greenback to the lowes