GBP/USD – Volatility Continues for Cable
GBP/USD has started the week with considerable losses. In Monday’s European session, the pair is trading at 1.2830, down 0.68%. Brexit tensions could weigh on pound It has been a wild ride for the British pound. GBP/USD reversed directions last...
Stocks and Gold Tumble on Fear of Return to Lockdown, Dollar and Yen Jump
Risk aversion builds up momentum in European session and carries forward to the US, with DOW opening down more than -400 pts. New Zealand and Australian Dollars are trading broadly lower, while Sterling is also among the weakest on fear...
AUDUSD Portrays Brief Horizontal Tone after Bounce on 200-MA
AUDUSD is tackling the lower Bollinger band coupled with the 200-period simple moving average (SMA), after recently dipping below the 50- and 100-period SMAs. The price seems temporary stalled between the boundaries of 0.7246 and 0.7344, though sustaining a broader...
Euro Growing a Bit
On Monday, September 21st, the major currency pair is “gaining weight” and trading at 1.1864. The data published last Friday by the USD provided good support o the “greenback”. The preliminary report on the UoM Consumer Sentiment showed 78.9 points...
The Dollar Remains In The Defensive Overall – COVID-19 Headlines In Focus
Markets Markets traded with cautious, modest risk-off bias last Friday. Eco data were few. The ongoing rise of Covid-19 infections in Europe (and elsewhere) remain a source of uncertainty for the pace of the economic recovery going forward. European equity...
Dollar Softens in Quiet Markets, RBNZ and SNB to Meet This Week
The markets are rather quiet in Asian session with Japan on holiday. Some selloff is seen in Hong Kong stocks but others simply ignored. The forex markets are generally stuck inside Friday’s range, with Dollar and Swiss Franc trading with...
Leaked U.S. government files suggest Deutsche Bank tops list of suspicious transactions
A pedestrian with a umbrella walks pass a logo of Deutsche Bank in Frankfurt am Main, Germany. Thomas Lohnes | Getty Images SINGAPORE — Germany’s largest lender Deutsche Bank appears to have facilitated more than half of the leaked $2...
RBNZ Preview – Waiting for More Hints on Negative Rate
After a big move in August, the RBNZ will likely leave the OCR unchanged at 0.25% and the cap of Large Scale Asset Purchase (LSAP) unchanged at NZD 100B. It is, however, expected to offer more indication on the alternative...
EUR/USD Trading Near Inflection Zone At 1.1880
Key Highlights EUR/USD found support near 1.1750 and recovered above 1.1820. A major bearish trend line is forming with resistance near 1.1850 on the 4-hours chart. GBP/USD is facing a strong resistance near the 1.3000 region. USD/JPY extended its decline...
Yen Surged Again, Dollar Rally Failed, Sterling Pared Losses
Yen ended up broadly as the strongest one last week, extending this month’s rebound. Domestically, political uncertainty was cleared with Yoshihide Suga took up the job of Prime Minister, ensuring continuity of Abenomics. Externally, geopolitical risks at the South China...
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