AUD/USD Finds Support At 0.7090
Downside risk dominated the Australian Dollar against the US Dollar on Thursday. The Aussie depreciated about 1.07% in value against the Greenback during yesterday’s trading session. The currency pair is currently testing a resistance level formed by the 200-hour simple...
USD/CAD Moving Towards Target
Upside risks dominated USD/CAD on Thursday. The currency pair bounced off a support level formed by the weekly S1 at 1.3271 during the Asian session on Thursday. The pair ended yesterday’s trading session with 124 base points gains. The exchange...
NZD/USD Decline Likely To Continue
The New Zealand Dollar depreciated about 78 base points against the US Dollar on Thursday. The decline was temporarily stopped by a support level formed by the 100-hour simple moving average at 0.6871. Friday’s trading session started with a bearish...
Trump says GDP would have topped 4% if Fed had halted rate hikes sooner
U.S. economic growth would be much stronger had the Federal Reserve stopped raising rates sooner, President Donald Trump said in an interview that aired Friday. “If we didn’t have somebody raising interest rates and do quantitative tightening we would have...
AUD/USD Outlook: Aussie Extends Weakness After Bulls Were Strongly Rejected
The Aussie dollar remains in red on Friday and cracks significant technical support at 0.7095 (converged 10/20SMA’s, following strong upside rejection on Thursday. Recovery leg from 0.7003 (08 Mar low) stalled at strong barriers provided by 100SMA and daily cloud...
EUR/USD Analysis: Trades Sideways
During Thursday’s trading session, the European Single Currency passed the support levels of the 55-hour and the 100-hour simple moving averages to end the trading session at 1.3800. On Friday morning, the rate passed through the support level of the...
GBP/USD Analysis: Highly Volatiles
During Thursday’s trading session, the currency exchange rate dropped by 107 pips or 0.81% to reach the weekly S1 at 1.3044. On Friday morning, the rate was retraced by the 50.00% Fibo to the 1.3115 mark. It is challenging to...
USD/JPY Analysis: Could Depreciate To 110.00
During Thursday’s trading session, the currency exchange rate traded sideways to end the trading day at 110.60. On Friday morning, the rate was located at the monthly pivot point at the 110.53 mark. In regards to the near-term future, most...
XAU/USD Analysis: Surges To Medium Pattern Lne
During Thursday’s trading session, the rate was supported by the 200-hour simple moving average to end the trading day at 1,305.00. On Friday morning, the yellow metal was located at the 1,311.76 mark. It is expected that gold might appreciate...
Deutsche Bank top management gets bonuses for first time in four years
Deutsche Bank’s management board members were handed their first bonuses in four years, according to the bank’s annual report published on Friday. The management board received total pay, including bonuses, of 55.7 million euros ($63.39 million) in 2018, up from...