GBP/USD Remains Below Weekly PP
Yesterday, the GBP/USD exchange rate increased to the 1.2900 mark. During Tuesday morning, the rate was trading at the given level. It is likely that the currency pair could gain support from the 55-hour moving average near 1.2840 and trade...
Aussie Rallies as Chinese Data Gives Sentiment Additional Boost
Investors seemed to have put last week’s selloff in stocks behind already. Asian markets, except Japan, trade generally higher following the rebound in the US overnight. Additional, upside surprises in data from China boost optimism that it’s back on track...
AUD Strengthened on Upbeat Chinese Data, RBA Minutes Contained Little News
RBA minutes for the September meeting contained little new information. The members highlighted uncertainty of the economic outlook with lockdowns in Victoria would likely derail Australia’s recovery. Australian dollar is climbing higher at the time of writing this report. However,...
Rising debt is a ‘very serious issue’ that governments face, says Singapore minister
SINGAPORE — One of the biggest challenges that governments will face in the next decade is bringing down debt, a senior minister in Singapore said on Monday. Governments around the world have increased spending to support their economies hit hard...
GBP/USD Recovery Could Face Sellers Near 1.3000
Key Highlights GBP/USD traded to a new multi-week low at 1.2762 before starting an upside correction. A crucial bearish trend line is forming with resistance near 1.2940 on the 4-hours chart. The UK Claimant count could change 100K in August...
FOMC Preview
When? Wednesday 16th September (6pm GMT) What to expect – advertisement – The Federal Reserve Open Market Committee convenes this week for the first time since Fed Chair Jerome Powell announced that the central bank would shift towards average inflation...
States try to plug gaps in Trump’s $300 unemployment benefit program
Rhode Island Gov. Gina Raimondo. Barry Chin/The Boston Globe via Getty Images Minimum benefits Most states set a minimum unemployment benefit below $100 a week, which creates the conundrum for some workers. Rhode Island, for example, pays a minimum benefit...
Crude Oil in a Bearish Reversal
Crude oil started impulsively declining from the 43.75 level, which suggests a top in place, and a minimum three-wave reversal to be underway. We see a possible completed five-wave decline now in wave A, therefore latest rally can be part...
USD/CAD Unchanged on Light Calendar
The Canadian dollar ended the week quietly and the lack of activity has continued on Monday. In the North American session, USD/CAD is trading at 1.3177, unchanged on the day. There are no US or Canadian events on the schedule....
Sterling Recovers Mildly ahead of an Eventful Week, Dollar Treads Water
Trading in the forex markets remain generally subdued for now. While US stocks are set for a rebound, currency traders are not to bothered with that. Sterling is so far the stronger one for today, as traders take profits on...
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