NZD/USD pops and drops to 0.6100 after New Zealand’s April month trade figures.
New Zealand Trade Balance recovered more on MoM basis to $1,267M versus $722M prior.
US-China tussle needs US President Donald Trump’s push.
A light calendar in Asia will wait for the return of full markets for fresh
AUD/USD Current Price: 0.6543
Stocks edged higher, providing support to the Aussie.
AUD/USD neutral in the short-term, selling interest limited.
The AUD/USD pair held at the lower end of Friday’s range in thin Monday’s trading, ending the day pretty much unchanged at around 0.6540. The quiet
The Global Times is reporting how Chinese Deputies to the ongoing National People's Congress have suggested that the government work out more measures to help the country's struggling export sector.
The article explained that there is the intention to assist hundreds of thousands of the small- and
EUR/JPY remains week at the start of the trading week.
The level to beat for bears is the 117.25/117.20 price zone.
EUR/JPY four-hour chart
EUR/JPY retraced from the May’s highs while trading above the main SMAs on the four-hour chart. The spot lost some bullish momentum as it is challengi
"Going further on Pandemic Emergency Purchase Programme (PEPP) only make sense if we ensure its maximum effectiveness," ECB Governing Council member François Villeroy de Galhau said on Monday.
"We won't let adverse market dynamics lead to unwarranted hikes in borrowing costs in some countries," Vil
EUR/USD was seen oscillating in a range through the early North American session on Monday.
The recent range-bound trading action warrants some caution before placing directional bets.
The EUR/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the earl
Preliminary eurozone CPI data for May will likely show depressed inflation. Without shocking figures, the EUR/USD pair has room to rise, in the opinion of FXStreet’s analyst Yohay Elam.
“Petrol will likely put pressure on CPI, with expectations standing at 0.2%. A drop to 0% – stagnatio
It is memorial day, and the United States markets are closed; however, we can plan our trades and take the extra time to review the wave counts. According to our Elliott Wave analysis, the EURO against the Dollar could have a bullish move if some conditions are met. While USD/CAD is ready to move hi
GBP/USD gains some traction on Monday and snapped three days of losing streak.
The uptick was led by a modest USD pullback, albeit lacked any strong follow-through.
It will be prudent to wait for a move beyond the 1.2200 mark before placing bullish bets.
The GBP/USD pair edged higher through the
USD/JPY regains traction on the first day of the week, albeit lacked any strong follow-through.
The set-up supports prospects for an eventual bullish break through the recent trading range.
The USD/JPY pair held on its modest daily gains through the early North American session and was last seen
The EUR/USD pair hovers around the 1.0900 level in a quiet start to the week, with the shared currency founding support in a better than anticipated German IFO Survey, FXStreet’s analyst Valeria Bednarik reports.
“The Business Climate in Germany improved in May to 79.5 from 74.2. Expec
The gold futures contract gained 0.79% on Friday as it slightly retraced Thursday decline of 1.7%. On Thursday it extended a downward correction from the last Monday's new monthly high of $1,775.80. The market has retraced almost all of the decline from April 14 high of $1,788.80, before reversing d
XAG/USD is trading near its highest since early March.
The level to beat for buyers is the 17.45 resistance on daily closing basis.
Silver four-hour chart
XAG/USD is trading close to 10-week tops below the 17.45 resistance. Buyers should remain in charge but need a sustained break above th
This month, the cable has lost around 2.5%, and analysts at CIBC Capital Markets expect near-term headwinds to persist.
Stay up to speed with Yohay Elam's last analysis
“We look for leveraged players to rebuild shorts, as no-deal Brexit risks move back into focus. Moreover, with the s
The upbeat market mood helps AUD/USD recover its early losses.
US Dollar Index stays under modest bearish pressure below 100.
US financial markets are closed in observance of Memorial Day on Monday.
The AUD/USD pair started the week with a small bearish gap but didn't have a hard time erasing it