USDJPY 110.00 Upcoming
The US dollar has moved to a new monthly trading high against the Japanese yen currency, with the pair advancing towards the 109.50 resistance area. Technical analysis shows that the USDJPY pair could test towards the 110.00 resistance level in...
GBPUSD Strongly Bullish
The British pound has rallied to a new multi-month trading high against the US dollar after buyers broke through the pair’s key 200-day moving average. Due to a large bullish pattern, further gains above the 1.2640 level could cause the...
AUD/USD Outlook: Aussie Cracks Psychological 0.70 Level En-Route To Key Barrier At 0.7032
The Australian dollar cracked psychological 0.70 barrier on Friday, in extension of steep bullish acceleration this week (the pair is on track for weekly gains of nearly 5%). Bulls approach key barrier at 0.7032 (31Dec 2019 high) and break here...
XAU/USD Pressured BY 55-Hour SMA
On Thursday, the XAU/USD exchange rate raised to the resistance formed by the 100– and 200-hour SMAs, as well the monthly PP in the 1,720.00 area. During today’s morning, the rate reversed south. Given that yellow metal is pressured by...
USD/JPY Tests Monthly R2
Yesterday, the USD/JPY currency pair surpassed the weekly R3 at 109.07. During Friday morning, the pair tested the monthly R2 at 109.43. It is likely that the exchange rate could gain support from the 55-hour SMA near 108.95 and extend...
German court gives ECB three months to justify sovereign bond purchases
On Tuesday, the German constitutional court delivered a withering verdict on the governance around decisions of the European Central Bank (ECB) and the Eurosystem of national central banks over the public sector purchase programme (PSPP). This programme was established in...
European Central Bank Kept Its Key Interest Rate Unchanged
For the 24 hours to 23:00 GMT, the EUR rose 0.95% against the USD and closed at 1.1339, after the European Central Bank (ECB) increased the size of its Pandemic Emergency Purchase Program (PEPP) to support the economy. The ECB,...
Dollar Stays Weak as Risk Takes a Breather, NFP Unlikely to Rescue
Dollar and Yen remain the overwhelmingly weakest ones for the week even though risk appetite seems to be taking a breather again. In particular, the greenback suffered steep selling after Euro bulls cheered ECB’s PEPP expansion. The common currency is...
ECB Expands and Extends PEPP, after Sharply Downgrading Inflation
ECB’s increase in stimulus was slightly more than we had anticipated. The move was mainly driven by the sharp downgrade in inflation outlook. The decision has sent a strong message to the market that the central bank is “undeterred” by...
Stocks making the biggest moves after hours: Slack, Gap, RH and more
Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making headlines after the bell. Broadcom — Shares of the semiconductor company climbed 1% in extended trading after Broadcom...
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