Daily Pivots: (S1) 1.2827; (P) 1.2877; (R1) 1.2938;
Intraday bias in GBP/USD stays neutral first. 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 completed, and bring
New Zealand’s (NZ) Treasury is out with its pre-election Economic and Fiscal Update (PREFU) for this year, with the key takeaways found below (via Reuters).
NZ govt sees unemployment rate to peak at 7.8%, down from 9.8% forecast in budget.
Sees June quarter GDP at -16%, down from its previous forec
Photo: Binance CEO Changpeng Zhao (Source: PC Tech Mag)
Binance is strengthening its offering of decentralized finance-styled (DeFi) services with the launch of a new platform that will allow users to securely farm new assets and receive rewards for stalking.
Announced on Sunday, the platform is
Dollar Canada closes at seven month low on Friday.
First test of 1.3050, rebounds to finish at 1.3100 resistance/support.
Annualized GDP contracts 38.7% in Q2, less than the -39.6% forecast.
WTI fails at $43.50, minimal damage from Hurricane Laura on the US Gulf Coast.
The Canadian Dollar reached i
S&P 500 Futures struggle to keep the four-day winning streak amid quiet trading session in Asia.
Coronavirus-related headlines entertain traders following the previous day’s risk-on moves, backed by the Sino-US trade deal optimism.
Traders turn cautious as reaching closer to the key speeches fro
Daily Pivots: (S1) 0.8975; (P) 0.8992; (R1) 0.9014;
EUR/GBP is still extending the consolidation from 0.9175 and intraday bias remains neutral. On the upside, break of 0.9175 will resume larger rise from 0.8670, towards 0.9499 high). However, break of 0.8930 support will also come with firm break of
AUD - Australian Dollar
Markets remained subdued through trade on Monday, offering little to excite investors in what was a largely uneventful start to the week. In the absence of headline data points the AUD bounced between 0.7140 and 0.7185. The AUD struggle to find any meaningful direction as inv
The South Korea stock market has finished higher in four straight sessions, gathering more than 90 points or 4.1 percent along the way. The KOSPI now rests just above the 2,340-point plateau and it's got another solid lead for Friday's trade.
The global forecast for the Asian markets is upbeat, than
GBP/USD is looking for a new direction after the UK clashed with China over Huawei and ahead of all-important inflation, jobs, and retail sales figures from the UK. How is the currency pair positioned?
The Technical Confluences Indicator is showing that cable faces a wall of resistance at 1.2589,
Updated figures with over 26k tests completed yesterday:
134 more cases of Covid-19 overnight
11 are linked to outbreaks
The rest (123) are under investigation
860 active cases in total for the state:
41 in hospital
people in ICU
ICYMI, Melbourne (capital city of the state) and a neighbouring
DXY will be a major theme this week, with Trump and the Fed to making noise.
NFPs have risen 2.509mn in May versus a consensus estimate of a 7.5 million fall.
The US dollar is a touch softer in the open this week with DXY -0.17% at the time of writing and trading below the 97 handle.
DXY slid fro
After moving significantly higher early in the session, stocks saw some further upside over the course of the trading day on Friday. The major averages added to the gains posted in the previous session, with the tech-heavy Nasdaq reaching its best closing level in well over two months.
The major ave