Price of GBPUSD has reached an area of strong resistance at the moment. Will be paying close attention to this right now! The price is still bullish at the moment, definitely want to see strong rejections for reversal confirmation!
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 19 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session and a trade review in the three-minutes timeframe (including entry, exit and the ration
Hong Kong Exchanges and Clearing Limited (HKEX) has a new Managing Director, Group Head of Technology Risk, with the exchange operator recently announcing that Brian Lee has taken on the role.
As the Group Head of Technology Risk, Lee will report to the Group Risk Officer, John Ki
Photo: Aziz Abdel-Qader
The US top regulator has stepped in to penalize yet another “initial coin offering” (ICO) after its operators failed to register their tokens as a security. The firm, Boon.Tech and its chief executive officer Rajesh Pavithran, is said to have raised close to $5 million foll
DAILY MARKET OUTLOOK on Major
USD/JPY - 105.97
Dollar's rally from last Fri's 4-1/2 month bottom at 104.19 to 106.47 yesterday suggests medium term decline from March's 111.71 peak has made a temporary low and subsequent retreat indicates first leg of correction is over and may head back to 105.59/6
Deutsche Bank announced this Monday that it has partnered with global fintech unicorn Airwallex so that the latter can provide virtual account collections in Japan and API-enabled foreign exchange (forex) services in Hong Kong.
Airwallex is a startup based in Hong Kong. Founded in
S&P 500 Futures snap four-day winning streak while easing from 3,270.88.
Market sentiment sours as Chinese embassy confronts US President Trump’s readiness to take more punitive measures against the dragon nation.
Uncertainty surrounding the American fiscal package, a light calendar limits the m
AUD/NZD charts head-and-shoulders pattern on the daily chart.
Daily chart indicators favor a drop to the neckline support.
AUD/NZD is reporting marginal gains at press time amid signs of bearish exhaustion on the 4-hour chart. The daily chart, however, remains biased in favor of the bears.
Australian states NSW and Victoria are reported to be closing their borders as COVID-19 cases mount.
The Sunday Morning Herald summarised the details of the rapid surge in cases and Australia's response as follows:
Victoria recorded 182 new coronavirus cases over the weekend, with just one of thos
The dollar printed a bullish reversal on Wednesday.
Wednesday was day 27 for the dollar’s daily cycle. That places the dollar in its timing band for a daily cycle low. A swing low formed on Thursday. The dollar delivered bullish follow through on Friday by closing above the 10 day MA
A big question is to what extent the market will await the economic recovery to appear in the data, especially given that additional US unemployment benefits run out at the end of July. It's a heavy week for US economic data leading up to Friday's non-farm payrolls report, expected to show 19.5% une
GBP/USD has been unable to take advantage of the dollar's weakness.
PM Johnson may provide more details on extending the lockdown.
Thursday's four-hour chart is painting a mixed picture.
Cable cannot climb – the pound has failed to take advantage of dollar weakness – stemming from various factors