Risk appetite continues today with mild strength in Asian markets, following the slightly higher close in US overnight. It seems that investors completing ignoring the unrest in the US, as well as its tension with China. In the currency markets, Sterling is currently the strongest one for today, fol
EUR/USD, “Euro vs US Dollar”
After finishing another ascending wave at 1.1111, EURUSD is consolidating around 1.1118. Possibly, the pair may expand the range up to 1.1157 and then return to 1.1118. If later the price breaks the range to the upside, the market may start a new growth towards 1.1192; i
Another reason to sell EURUSD.
Euro Fx/U.S. Dollar FX:EURUSD
Another reason to sell EURUSD . The price has already reached our strong resistance line. Plus, there is a strong resistance level of 1.111 + a falling trend nearby. The goal is the level of 1.099 (although I think the price wi
Australia will on Wednesday see Q1 numbers for construction work completed, highlighting a light day for Asia-Pacific economic activity. Work is expected to sink 1.5 percent on quarter after falling 3.0 percent in the three months prior.
China will release April figures for industrial profits; in Ma
In the last two reports, we have been talking about Berkshire Hathaway and Warren Buffett. It baffles everyone the amount of money Berkshire Hathaway lost in the first quarter of this year on account of the pandemic. 54 billion dollars is a lot of money to lose.But then money is relative. You have t
According to strategists at UOB Group’s Quarterly Global Outlook, the likeliness of another round of QE by the RBNZ should not be ruled out just yet.
“Encouragingly, the RBNZ has been quick to react in the current environment. On 23 March, policymakers announced that it would conduct larg
China's Caxin PMI fell below 50 in April, inidicating contraction in the manufacturing activity.
AUD/USD's daily chart shows a bearish divergence of stochastic indicator.
A combination of dismal China data and early signs of buyer exhaustion on technical charts suggests scope for a pullback in th