Silver takes a U-turn from intraday high of $26.73.
Bearish candlestick formation, sustained trading below 21-day SMA favor sellers.
Bulls need to refresh the monthly high before targeting the $30.00 threshold.
Silver remains on the back foot around $26.54, down 0.45% on a day, during the initial h
NZD/USD defies the early-Asian losses while bouncing off 0.6757.
RBNZ’s Orr discusses multiple options to combat the monetary easing need if any.
Fresh noise concerning the US-China relations probes the risk-on mood cheering vaccine hopes.
Aussie GDP, US ADP will be the key data to watch, risk catal
USDCHF still cannot break the 0.906 support level . There was a false break recently, but the price quickly came back. I recommend buying from the level of 0.906or after breaking the nearest resistance line.
According to the latest Reuters poll of economists, the UK economy will at least take two years to return to its pre-coronavirus pandemic growth trajectory, although the Bank of England (BOE) may refrain from adopting negative interest rates.
“The economy shrank a record 20.4%. But as m
Retail sales growth has slowed down. What does it mean for the U.S. economy and the gold market?
Retail sales increased 1.2 percent in July. The growth was worse than expected, which hit the U.S. stock market. As the chart below shows, the number was also much weaker than in the two previous months
Daily Pivots: (S1) 138.43; (P) 138.96; (R1) 139.51;
Intraday bias in GBP/JPY is back on the upside with break of 139.23 temporary top. Firm break of 139.73 will resume whole rise from 123.94. Next target will be 100% projection of 123.94 to 135.74 from 129.27 at 141.07. On the downside, through, bre
USD/JPY is a mixed bag of fundamentals and technicals which make it a less favourable trade set up.
There are arguments from both sides of the equation, but bulls will need to defeat a looming weekly resistance to convince additional bids.
The bears will need to see signs of exhaustion and a trigger
Daily Pivots: (S1) 124.41; (P) 124.90; (R1) 125.35;
Intraday bias in EUR/JPY remains neutral first. Further rise is still mildly in favor as long as 123.01 support holds. On the upside, firm break of 125.58 will target 100% projection of 114.42 to 124.43 from 119.31 at 129.32. However, break of 123.
Here is what you need to know on Friday, July 31:
The US dollar has been extending its sell-off, falling to multi-month or multi-year lows against major currencies. Historically low GDP, the Fed's readiness to do more, uncertainty about fiscal stimulus, and another rise COVID-19 deaths are in play.
NZD/USD stays pressured near 0.6650 while keeping range from Tuesday’s US session.
A bullish chart formation is gradually gaining momentum but 0.6700 becomes the key.
200-hour EMA acts as the near-term strong support.
NZD/USD weakens to 0.6655 amid the initial trading session on Wednesday. The quot
AUD/USD recovered some ground on Monday, ending the day not far below a daily high of 0.7149. Today, the aussie is on the back foot, trading around the 0.7130 mark, down 0.2% on a day. The pair is neutral-to-bullish in the short-term and could break through 0.7200, Valeria Bednarik, Chief Analyst at
Intra-Day Market Moving News and Views
Update Time: 28 July 2020 05:30GMT
EUR/USD - 1.1749... The single currency extended its recent winning streak and rose above Friday's high at 1.1658 to 1.1725 in Asia yesterday. The pair then found renewed buying at 1.1683 in European morning and rallied to a f
VALR, one of South Africa’s largest crypto exchange by trading volume, has secured 57 million rands (around $3.4 million) in a recently closed Series A funding round.
Announced on Tuesday, the round was led by 100x Ventures, the investment arm of newly created BitMEX’s parent 100x
CME Group’s preliminary data for Crude Oil futures markets noted open interest shrunk for the fifth straight session on Tuesday, now by around 9.8K contracts. On the other hand, volume rose sharply, this time by around 232.5K contracts.
WTI could attempt a move to the 200-day SMA
Prices of the WTI k
The Thai stock market on Wednesday snapped the two-day slide in which it had fallen more than 20 points or 1.7 percent. The Stock Exchange of Thailand now rests just beneath the 1,355-point plateau and it's tipped to extend its gains on Thursday.
The global forecast for the Asian markets is upbeat o