Daily Pivots: (S1) 105.23; (P) 105.52; (R1) 105.75;
USD/JPY’s sharp decline today suggests that corrective rise from 104.18 has completed and larger fall from 111.71 is resuming. Intraday bias is back on the downside for retesting 104.18 first. Firm break there will confirm and target 61.8% projecti
Daily Pivots: (S1) 1.2827; (P) 1.2877; (R1) 1.2938;
Intraday bias in GBP/USD remains neutral for consolidations. Further decline remains in favor with 1.3035 minor resistance intact. Decisive break of 38.2% retracement of 1.1409 to 1.3482 at 1.2690 will argue that the rise from 1.1409 might be compl
Canaan Creative, a NASDAQ-listed Bitcoin mining company, has announced its share buyback program on Tuesday, as it aims to repurchase up to $10 million worth ordinary shares over the next 12 months.
“Under the share repurchase program, the Company may repurchase its ADSs from time t
Virtu Financial, Inc. (NASDAQ: VIRT), a provider of multi-asset financial services, recently announced that Asset Management One has successfully deployed its Triton Valor execution management system (EMS) and Trading Analytics solutions.
Asset Management One is one of the largest asset managers in
AUD - Australian Dollar
With the AUD touching a two-year high (0.7413) mid-week on the back of the Federal Reserve adopting a new policy that will keep interest rates low for a long time, the AUD/USD lacked momentum on Friday and stuck within a tight range intraday (0.7251-0.7278). As trading contin
Dr. Anthony Fauci, the head of the US National Institute of Allergy and Infectious Diseases, said in a Reuters interview late Monday, rushing out vaccines could undermine trials of other promising candidates.
“The one thing that you would not want to see with a vaccine is getting
According to the latest data published by the Australian Bureau of Statistics (ABS), payroll jobs nationwide remained steady through July while Victoria saw a fall.
"Payroll jobs fell 1.5% in Victoria through July ahead of the introduction of stage 4 COVID-19 restrictions."
Photo: Finance Magnates
The Japanese unit of OANDA, a multi-asset trading provider, recently announced that because of the current market condition it has decided to partially reduce the margin rate for corporate accounts, effective from the 17th of August 2020.
The changes to corporate accounts w
Global stock markets appear to be starting to get a little wobbly as the latest earnings numbers start to paint a picture of a global economy that could start to face a challenging time in the weeks and months ahead.
For all the optimism about a new US stimulus program, the rising hopes of a vaccine
Tetras Capital, a New York-based cryptocurrency hedge fund, is shutting down and has already initiated the process of returning the investors’ money.
Citing “a person with direct knowledge of the matter,” Coindesk reported on this business closure on Tuesday.
The hedge fund was launche
We're still very much bullish the Pound but there are some target to the upside we need to be aware of. The 1.2975 - 1.30 level is big resistance and would be the test of the bullish structure.
If we grab the May 18th - June 30th move we can see there is a similar impulse to pullback ratio that su
DAILY MARKET OUTLOOK on Major Update Time: 17 July 2020 03:30GMT EUR/USD - 1.1391 Despite the single currency's rebound to 1.1442 in post-ECB trading yesterday, subsequent sharp retreat to 1.1371 suggests further choppy trading below Wednesday's 4-month peak at 1.1451 would continue with downside b