GBP/USD Squeezed By Moving Averages
Yesterday, the GBP/USD exchange rate traded sideways in the 1.3120 area. During Friday morning, the rate was trading at 1.3100. On the one hand, the currency pair could gain support from the 100– and 200-hour SMAs, currently located circa 1.3050,...
XAU/USD Remains Below 1,568.00
On Thursday, the XAU/USD exchange rate tried to surpass the 1,568.00 level. During today’s morning, the rate was trading at 1,562.00. Note that yellow metal is supported by the 55– and 100-hour moving averages, currently located at 1,559.00. Thus, it...
NZD/USD Could Edge Higher
The New Zealand Dollar has surged by 47 pips or 0.72% in value against the US Dollar since Thursday’s trading session. A breakout occurred through the upper boundary of a descending channel pattern at 0.6618 on Friday morning. Given that...
Euro Slips After ECB, Stocks Stage Another Comeback
Euro/dollar breaks lower as ECB is a touch more dovish than expected European PMIs today were mixed, leaving the euro searching for direction Stocks recover losses, but yen doesn’t move accordingly – excess liquidity to blame? UK PMIs beat forecasts,...
EUR/GBP Weak ahead of Eurozone and UK PMIs
Euro continues to trade with a soft tone in Asian session, and there is no sign of recovery after yesterday’s post ECB selloff. Australian Dollar is also weak after poor PMI data, even though markets are pushing RBA cut bets...
USD/JPY In Corrective Decrease But Dips Supported
Key Highlights USD/JPY failed to stay above 110.20 and recently corrected lower. There was a break below a short term bullish trend line at 109.80 on the 4-hours chart. The US Initial Jobless Claims for the week ending Jan 18,...
Argentina’s default risk a tale of central bank failure not just government mismanagement
Argentina’s new president Alberto Fernández A new year, but Argentina’s investors face a far too familiar problem, as the country embarks on another economic crisis plan under a new more left-leaning administration targeting a debt restructuring deal for the end...
Jamie Dimon gets a raise to $31.5 million after record 2019 profit at JP Morgan
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC J.P. Morgan Chase CEO Jamie Dimon got a 1.6% raise to...
Flash ECB Review – Nothing to See So Far… Keep Moving
If there is a highlight from today’s meeting, it is the launch of the strategic review, although the 15:30 details did not reveal any specifics on the implications of the review. Markets did not react to the ECB’s messages. No...
AUDJPY Loses Steam Towards Supportive Trendline; Positive Picture Questioned
AUDJPY is cautiously positive in the very short-term as the lower high throws into question the improving outlook. The pair is being supported by the 50-day simple moving average (SMA) keeping optimism on the table. Additionally, the nearing bullish crossover...
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