Dollar Recovers Mildly ahead of Monthly Close, CAD Lifted Slightly by GDP
Dollar recovers mildly as markets turned mixed ahead of monthly close, but remains the second weakest for the week. Canadian Dollar is currently still the worst performing, as dragged by oil selloff. But we’ll see if better than expected GDP...
US Futures Climbing – Watch AAPL, AMZN, GOOGL, MRK, FB, EA
The S&P 500 Futures are on the upside after they closed mixed on Thursday. In after-market hours, Apple (AAPL), Amazon.com (AMZN), Alphabet (GOOGL) and Facebook (FB) saw their share prices rise after posting upbeat earnings results. Later today, June Personal...
Country risk: Politics and Covid-19 put Malaysia in a spin
It has been a challenging time for Malaysian investors. The coronavirus crisis has taken a swipe at economic growth, sovereign debt is rising, and the political landscape is in flux. This follows then-prime minsiter Mahathir Mohamed’s snap resignation in February...
GBPUSD Touches An Almost 5-Month High, RSI In Overbought Area
GBPUSD advanced considerably to an almost five-month high of 1.3142 during Thursday’s session, posting six green candles in a row in the 4-hour chart. The MACD oscillator is strengthening its momentum above its trigger and zero lines, however, the RSI is flattening in the...
US 100 Index Not Ready To Give Up Bullish Run
The US 100 stock index (cash) drifted higher and above the previous peak of 10,743 on Thursday, hinting that it is not ready to give up its positive trajectory yet. The 10,950 resistance level is keeping the bulls busy in the four-hour...
EUR/USD Reached New High
On Thursday, the EUR/USD currency pair reached new 2019/2020 high at 1.1903. During today’s morning, the pair reversed south. From the one hand, it is likely that some downside potential could prevail in the market. In this case it is...
GBP/USD Trades Near 1.3150
Yesterday, the GBP/USD exchange rate reached the 1.3100 level. During Friday morning, the rate was testing the 1.3150 level. It is likely that the currency pair could face the resistance formed by the weekly R3 at 1.3179. Thus, it is...
USD/JPY Remains Pressured By 55-And 100-Hour SMAS
On Thursday, the USD/JPY currency pair continued to trade downwards. During today’s morning, the pair tested the monthly S2 at 104.18. Given that the exchange rate remains under pressure of the 55– and 100-hour SMAs in the 105.00 area, it...
XAU/USD Revealed Rising Wedge Pattern
Yesterday, XAU/USD exchange rate revealed a rising wedge pattern. During Friday morning, the rate was testing the upper pattern line. From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given...
Euro Power Continues ahead of GDP, Dollar Drags Further by Falling Yields
Dollar’s broad based selloff continues in Asian session today. There are increasing concerns that momentum of US economic recovery is starting to falter. The pessimism is somewhat reflected in persistent decline in treasury yields too. Though, Canadian Dollar is even...