Yen is staying as the strongest one today while the financial markets are generally mixed. Dollar is not too bothered by the ADP report which showed -20m private job losses. It’s currently trading as the second strongest, followed by Australian. Sterling is currently the weakest ones with Euro, afte
EUR/JPY digs into the March and current April lows at 116.56/15 below which lies 115.87, Axel Rudolph from Commerzbank informs.
“A slide below the 116.56/15 area would need to be seen for the 115.87 September low to be reached. Below it lies a 61.8%/78.6% Fibonacci retracement cluster of
US Pres Trump: Asked if he would like OPEC+ nations to make more cuts, states we have already done that.
Oil producers need to do more by the market in terms of production cuts.
Oil price drop is very short term, a lot of people got caught.
Looking at putting as much as 75mln barrels i
Investors who know the stock market should know that stocks are divided into certain rights and indeterminate rights, but many people are not particularly clear about what is meant by stock right. The concept.What does stock right mean?Generally, the stock right confirmation must be carried out unde
The recent frequent fluctuations in the U.S. stock market have attracted the attention of many investors. The longest we should hear is the saying that the U.S. stock market is blown. Therefore, Xiaobian will take you today to understand the U.S. stock fuse mechanism and see what will trigger it. US
The COVID-19 pandemic is wreaking havoc on the U.S. economy, and data released Thursday morning reflected the severe damage being done to the labor market.
The number of Americans filing for unemployment benefits skyrocketed to a record-breaking 3.283 million for the week ended March 21. Consensus e
EUR/USD, “Euro vs US Dollar”
EURUSD is consolidating at the top. Today, the pair may form a new descending impulse towards 1.1000 and then grow to update 1.1083. After that, the instrument may resume trading downwards with the target at 1.0950.
GBP/USD, “Great Britain Pound vs US Dollar”
RBI's long-term repo operation receives Rs 1.94- trillion bids
PBoC cuts loan prime rate; stimulus by central banks supporting risk
Gold jumps to 7-year high on fears virus will hit global growth
India's forex reserves rise to record $476 billion in the week to Feb.14
The FOMC minutes for the January meeting revealed that policymakers remained content about the domestic growth outlook. However, they acknowledged the growing uncertainty emerged from the coronavirus outbreak. This could present significant downside risks to global growth. The situation of the epide
In a formal restatement of the intention to nominate that was originally made six months ago on Twitter, US President Donald Trump is to nominate Judy Shelton, Waller for Fed board. The nominations haven't been sent to the Senate but presumably will be sent soon. Shelton would fill a term expiring i
EUR/JPY praises improving trade relations between the US and other major economies.
Political pessimism concerning the Brexit, phase-two deal uncertainty and upbeat Japan data seem to restrict the bulls.
German CPI, trade/political headlines to provide fresh impulse.
EUR/JPY keeps the bulls happy w
The forex markets are rather mixed today as traders are holding their bets ahead of signing of US-China trade deal phase one. Sentiments turned softer after US indicated that tariffs will stay in place before conclusion of phase two. But the impact is so far limited. Sterling pares back some losses