AUDUSD Maintains Green Glow; Bulls Remain in Control
AUDUSD came just shy of the 0.7815 high achieved on April 20, after the pair found positive traction within the support zone of 0.7676-0.7700. The climbing 50- and 100-period simple moving averages (SMAs) on the four-hour chart are endorsing the price...
UK Realized Sales Could Turn Positive
The British pound has posted slight gains at the start of the week. In the North American session, GDP/USD is trading at 1.3894, up 0.14% on the day. The pound punched above the symbolic 1.40 level last week and appeared...
Dollar Mixed after Durable Goods Miss, Aussie Leads Commodity Currencies Higher
Overall market sentiments are steady today. Commodity currencies are currently the strongest ones for today so far, as led by Aussie. Dollar is recovering despite weaker than expected durable goods orders. Euro turns after after slightly weaker than expected Germany...
Covid Weighs On Oil Prices, Gold Eyes Fed
Japan and India’s covid crisis weighs on oil Oil is being dragged lower by the deepening covid crisis in India and Japan. As the world’s third and fourth-largest importers of oil see lockdown restrictions tighten, the demand outlook for oil...
Microsoft Stock Poised For A Breakout Ahead Of Earnings
Microsoft Inc stock had its best month in almost a year, surging by 10.5% to top at a new all-time high of 261.50 on Thursday. The bullish fuel, however, seems to be running low according to the technical picture, suggesting...
GBP/JPY Trend Line Is Taken Out
The GBP/JPY has been breaking below the trend line after successfully making 1-2-3 pattern sell. Last week I saw a potential for the short. However, the shorts happened after point 3 has been printed out and now we see that...
Dollar Selloff Extends as Focus Turns to Fed, BoJ, GDP and Inflation
Dollar’s decline continues as another week starts as focus turns to Fed and BoJ, as well as a batch of important economic data. . European majors are also soft even though they managed to gain against the greenback. On the...
FOMC Preview – Fed to Deliver Upbeat Message about Economy while Affirming Substantial Progress is Needed to Taper QE
We expect the Fed to turn more upbeat over the economic outlook at this week’s meeting. Yet, the economic improvement is not yet strong enough for any change in the monetary policy measures. As such, the Fed would leave the...
Singapore’s top banks could see a boost in share prices as earnings bounce back
View of the Singapore Central Business District. Suhaimi Abdullah | Getty Images News | Getty Images SINGAPORE — Singapore’s three largest banks are expected to report improved earnings as the global economy recovers from the Covid-19 pandemic, said analysts. ...