EUR/USD, “Euro vs US Dollar”
After forming another consolidation range around 1.1178, EURUSD has broken it to the upside. Possibly, the pair may extend the wave up to 1.1260. Today, the price may reach 1.1250 and then fall to return to 1.1185. After that, the instrument may form one more ascending s
Profit takers on gold again?
It was a rumour that I heard last Friday and caused me to close my short term gold longs, namely that equity investors were cashing out their profitable gold positions to pay for their equity margin calls.
Ok, that makes sense, in theory. The price action was very weird,
USD/JPY stages a goodish bounce from 61.8% Fibo. level and fills the weekly bearish gap.
The technical set-up warrants some caution before placing any aggressive bullish bets.
The USD/JPY pair closed the weekly bearish gap opening to near four-month lows and is currently placed near the top end of
EUR/GBP stays mildly weak while staying between the key short-term SMAs.
A downward sloping trend line from January 14 adds to the resistance.
Multiple supports to question the pair’s declines toward 0.8200.
EUR/GBP trades around 0.8370, down 0.02%, while heading into the European session on Wednes
Australian Dollar recovers broadly today after RBA stands pat. More importantly, the central bank gives no hint of an imminent rate cut in the accompanying statement. It actually sounds quite comfortable with the current policy. Markets are relatively mixed elsewhere. Sterling turned mixed after yes
Following Donald Trump’s speech on Wednesday, crude oil and gold both fell after the US President made no mention of military action against Iran and called for peace and negotiations. While these commodities fell, the more risk-sensitive copper rallied along with stocks. The base metal has been tre
- Unwinding of safe-haven flows as US-Iran tensions ease for the time being as both sides offered some conciliatory tones
- BOE Gov Carney hints of potential rate cut or QE if persistent weakness continued
- UK Parliament expected to vote on PM Johnson's Brexit bill later today
The Australian stock market is declining on Wednesday tracking the modest losses overnight on Wall Street and on renewed worries about escalating tensions in the Middle East following news that Iran fired missiles at an Iraqi airbase that hosts U.S. troops.
The benchmark S&P/ASX 200 Index is los
On this last trading day of the year, we want to take a look at some of the most important themes of 2020.
For the forex market in particular, we see four primary drivers -
1. US-China Trade War - US and China trade relations will remain front and center. In early January, we expect the Phase 1 trad
Finland's jobless rate eased in September after rising in the previous month, data from Statistics Finland showed on Tuesday.
The jobless rate for the 15 to 74 age group fell to 5.9 percent in September from 6.1 percent in August. In July, the unemployment rate was at 6.0 percent.
The September rate
Tokyo's main index barely hangs on to gains in mixed trading day
It has been a sluggish session overall for Asian equities in general as the risk mood stays more subdued after seeing US stocks give back gains in overnight trading. China did cut its one-year LPR by 5 bps but it hardly is breathing l
Germany's retail sales declined at the fastest pace seen so far this year in July signaling weak household spending at the start of the third quarter as the labor market started to loose resilience amid the economic downturn.
Retail turnover decreased a faster-than-expected 2.2 percent month-on-mont
The U.S. dollar exhibited strength on Thursday as trade worries eased a bit on reports both the U.S. and China are keen on resuming discussions.
Chinese Ministry of Commerce spokesman Gao Feng indicated China does not currently intend to retaliate against President Donald Trump's latest threat to ra
French consumer sentiment remained stable in August, survey results from the statistical office Insee showed Tuesday.
The consumer sentiment index held steady at 102 in August. The score came in line with expectations.
Households' opinion balance on their past personal financial situation increased