GBPUSD Watching 1.3130
The British pound is struggling to move higher against the US dollar currency, as bulls fail to surpass the 1.3180 resistance area. The 1.3130 level is likely to act as a trading pivot point today, with bears taking control of...
EURUSD Buy The Dip
The euro currency has started to trade back towards the 1.1840 area against the US dollar due to an increase in risk-off trading sentiment in the financial market. Traders are expected to buy any dips under the 1.1800 level in...
AUD/USD Buying Signals
The Australian Dollar surged by 57 basis points or 0.79% against the US Dollar on Thursday. The AUD/USD currency pair tested the 0.7240 level during Thursday’s trading session. Technical indicators flash buying signals on all time-frame charts. Therefore, buyers are...
Dollar Recovers on US-China Tech War, But Big NFP Challenge Ahead
The markets turn into mild risk-off mode in Asia, after US President Donald Trump stepped up the tech war with China, by banning TikTok and WeChat. Commodity currencies are generally lower as lead by Australian Dollar. On the other hand,...
UK digital bank Starling’s losses doubled in 2019 — but it expects to break even this year
Anne Boden, CEO of Starling Bank, speaking at Web Summit 2019 in Lisbon, Portugal. Harry Murphy | Sportsfile for Web Summit via Getty Images British digital challenger bank Starling said Thursday that its losses doubled in 2019, but that it...
Turkish Lira Tumbles To Record Lows
The US Dollar was mixed against all of its major pairs on Thursday. On the U.S. economic data front, Initial jobless claims fell by 249 thousand last week to 1.19 million, the lowest since March. Continuing claims decreased to 16.1...
Trump’s dream of a ‘V’ recovery is hanging in the balance of stimulus talks
As the White House has continued to push a narrative of a sharp recovery after a history-making recession, the economic data in large part has not been cooperating. Jobs numbers of late are showing progress but pointing to at best...
Goldman names new head of digital assets in bet that blockchain is the future of financial markets
Goldman Sachs is renewing its push into Wall Street’s digital future. The firm made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets last month, CNBC has learned exclusively....
NFP Preview: Will the Jobs Report Save the US Dollar?
When it comes to the FX market, the elephant in the room is the US dollar. The greenback is in the midst of a sharp downtrend against all of its major rivals with the US dollar index testing its lowest...
EURJPY Maintains a Positive Trajectory Despite Pullback
EURJPY continues to dictate an improving picture as price triumphs above the Ichimoku cloud and the simple moving averages (SMAs). The advancing Ichimoku lines and positively charged SMAs endorse the prevailing uptrend regardless of the latest weakening in the pair....
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