Risk-averse market environment helped gold find demand on Friday.
The daily RSI suggests that bullish momentum is building up.
The XAU/USD pair closed the first three days of the week in the negative territory and lost nearly 1.5% during that period. After touching its lowest level in two weeks a
All week President Trump teased the market with the possibility of big changes in the relationship between the US and Hong Kong/China but to everyone’s relief, his press conference revealed nothing exceptionally damaging. Trump said the US will be terminating its relationship with the World Health O
The euro is advancing into fresh May’s highs.
The level to beat for bulls is the 0.9055 resistance.
EUR/GBP four-hour chart
EUR/GBP refreshed the monthly tops while holding above the 0.9000 figure and its main SMAs on the four-hour chart. The buyers remain in charge as a daily close above
EUR/GBP spikes up to 0.9054 before pulling back below 0.9000.
The euro loses ground with the sterling firmer against the US dollar.
The pair will reach levels past 0.9000 before returning to 0.8600 – Danske Bank.
The euro is giving away previous gains against the British pound, pulling back be
USD/CHF stages a modest intraday bounce from a near two-month-old trading range support.
Subsequent recovery might be seen as a selling opportunity and remain capped near 100-DMA.
The pair remains vulnerable to eventually confirm a bearish breakdown through 0.9600 level.
The USD/CHF pair found s
XAG/USD is trading at levels last seen in late February.
The level to beat for bulls is the 17.80 resistance.
Silver four-hour chart
Silver is trading in 3-month highs just under the $17.80 per troy ounce resistance. The white metal is gaining some steam while above its main SMAs on the f
Analysts at Wells Fargo, point out that thanks to a massive surge in government transfer payments, April 2020 goes down in the history books as the largest monthly increase in personal income on record.
“Government transfer payments increased $3 trillion in April— can that be right? R
The broad dollar weakness is really helping Cable bulls at the moment, so much so that there is a renewed prospect of continued recovery. In the past couple of weeks, the market has been starting to pick up. Support at $1.2075 seems to now have a higher low at $1.2160 and a mini uptrend rec
China-US tensions weigh on pair at week end.
Yen could benefit from China HK security bill as traditional regional safety play.
US tariffs on Chinese goods will be extended to HK by President Trump.
First quarter Japanese recession will extend to mid-year.
Japan’s April 2.6% unemployment rate to
The USDTRY advances for the third straight day after pullback from new record high was contained by rising thick daily cloud.
Recovery broke above initial barriers at 6.80 zone (converged 10/55DMA’s) and 6.8246 (Fibo 23.6% of 7.2683/6.6875), generating initial signal that correction might be over.
"It is a tall order to get an agreement on fisheries by the deadline," Stefaan De Rynck, senior advisor of Michel Barnier, Chief EU Negotiator for Brexit, said on Friday. "There is no appetite on the EU side to revise the mandate on fisheries."
De Rynck further noted that they must find "space for
According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at +0.1% in May, meeting expectations of +0.2% and +0.3% previous.
The headlines inflation hit the lowest since June 2016, as the coronavirus pandemic imposed lockdown reduced fuel and energy demand.
Another day, another round number smashed – at 1.11, the world's most popular currency pair is trading at the highest since March while Friday's four-hour chart is showing stretched conditions, FXStreet’s analyst Yohay Elam briefs.
Read: EUR/USD busted through the 200-day ma scope for the 1.1240 De
EUR/GBP scaled higher for the third straight day and broke through the 0.9000 hurdle.
The set-up still favours bulls and supports prospects for a move towards 0.9100 mark.
The EUR/GBP cross gained some positive traction for the third consecutive session on Friday and broke out of the previous day
The kiwi is surfing the euphoric wave of risk-on sentiment again, trading at 0.6206, but economists at ANZ Bank are concern regarding unemployment.
“Day-to-day it is all about equities/risk appetite, as long as the euphoria lasts, NZD will remain elevated.”
“We remain concerned about u