AUD/USD Bullish ZigZag Aiming For Higher Levels
The AUD/USD is in uptrend and continuation is expected. We should see a bounce from the POC zone. The POC zone 0.7616-0.7630 is potentially very strong for the bounce. However, the price is still in a retracement and we should...
Sterling Down on Lockdown, Dollar Mixed Despite Stocks Selloff
Sterling is currently trading as one of the weakest, as weighed down by the return to tough nationwide lockdown. Selloff in the Pound in crosses is keeping Euro and Swiss Franc afloat. Dollar attempted a rebound overnight, with the pull...
NYSE says it will no longer delist three Chinese telecom giants
A man walks outside the New York Stock Exchange (NYSE) in New York, November 24, 2020. Brendan McDermid | Reuters Trump’s investment ban is set to take effect Monday, a little more than a week before President-elect Joe Biden is...
British Pound Dips Despite Strong PMI
The British pound has started the new year with losses. Currently, GBP/USD is trading at 1.3608, down 0.30%. The month of December brought plenty of cheer to the pound, which gained 2.5% against the sagging dollar. There was plenty of...
Dollar Index Hits New Multi-Year Low, Set for Deeper Fall in Early 2021
The dollar hit new three-year low against the basket of major currencies on Monday, starting trading in 2021 in red, after registering drop of nearly 6.5% in the year 2020. Covid-19 pandemic that devastated the US economy and ultra-low interest...
Home prices are rising faster in the middle of the U.S. as Covid drives people away from coasts
Homes in Memphis, Tennessee. Getty Images Home prices are rising across the nation, but the Covid pandemic is turning the usual geographical trends on their heads. Home values have historically risen most sharply in large cities on the coasts, where...
Currency Pair of the Week: USD/CAD
The US Dollar has been in a freefall since the coronavirus pandemic began in March 2020. Two rounds of fiscal stimulus and an abundance of monetary stimulus have kept the printing machines rolling as the new supply is suppressing the...
Dollar Breaking Down as Euro and Gold Jump
Dollar’s selloff intensifies somewhat today, with solid risk appetite in the background. Though, Sterling is slightly weaker entering into US session. On the other hand, Euro and Swiss Franc are the strongest for now. Commodity currencies are also struggling to...
Bitcoin falls over 10% as record-breaking rally loses steam
An illustration of bitcoin on Euro banknotes. Nicolas Economou | NurPhoto via Getty Images Bitcoin is pulling back from its record highs. The cryptocurrency briefly dipped below $30,000 Monday, just two days after breaching that level for the first time....
Oil and Gold Start 2020 On Bright Note
Oil awaits OPEC+ A weaker US dollar and more vaccine approvals appear to have inspired oil prices to move higher in Asia, boosted by robust regional manufacturing PMI data. Brent crude has risen 1.15% to USD52.05 a barrel, and WTI...
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