EURUSD Monthly Close
The euro currency is testing towards the 1.1100 resistance level against the US dollar, as the pair continues its strong upside breakout. Traders will be attempting to perform a positive weekly and monthly price close for the EURUSD pair today....
ETHUSD $235.00 In Focus
Ethereum is starting to rally back towards the April monthly trading high, as the second largest cryptocurrency stabilizes above the $220.00 level. The $235.00 and $250.00 resistance levels are the key upside targets that ETHUSD bulls are focusing on. Due...
RBA to Send More Upbeat Economic Assessment in June
We expect RBA to leave its monetary policy measures unchanged in June. Governor Philip Lowe appeared cautiously optimistic about domestic economic outlook. We expect the central bank will deliver a more upbeat economic outlook while pledge to leave the policy...
Trump To Trigger June Jitters?
Friday response to new Chinese law to have major say on market direction Risk aversion could erase Dollar losses Trump’s next move may be catalyst for $1800 Gold All eyes will be on President Trump, who is set to announce...
Dollar Weakens, Stocks Turn Cautious, Awaiting Trump’s Announcement on China
Dollar remains generally weak in Asian session, with notable selloff against Yen too. Markets generally turned cautious as US President Donald Trump is set to announce his new China policies on Friday. This is in response to China’s passing of...
Ukraine’s banking law: a step forward, but not a leap
Ukraine has a new banking law. On May 21, with much fanfare, president Volodymyr Zelensky finally put his signature on the bill, which had been in the works since last autumn. His supporters, and many of Ukraine’s international backers, hailed...
Here’s what happened to the market on Thursday
The New York Stock Exchange (NYSE) stands in lower Manhattan on May 18, 2020 in New York City. Spencer Platt | Getty Images Dow Jones Industrial Average falls 147 points The Dow fell 147.63 points, or 0.58%, to close at...
ECB Research: PEPP’in It Up
We expect the ECB to expand the PEPP envelope by EUR500bn into June 2021 at next week’s meeting. We do not expect new asset classes to be added at this stage. We also expect an extension of the EUR20bn/month ‘normal’...
USDCHF Extends Sideways in a Range-Bound Market
USDCHF presently below the 0.9700 mark, continues to zig zag above and below the mostly horizontal simple moving averages (SMAs) in a directionless market that has endured since early April. Glancing at the short-term oscillators, they too mirror weak directional...
Dollar Mildly Lower after Poor Durable Orders, Euro Extending Gains
Dollar is trading a touch softer in early US session after poor durable goods orders. Euro, on the other hand, is trying to extend the EU stimulus triggered gains. Overall, movements in the forex markets today are relatively limited. Yen...