EURAUD Appears Flat Below Ichimoku Cloud
Technical Analysis – EURAUD appears flat below Ichimoku cloudEURAUD has been trading within a consolidation area over the last couple of weeks with upper boundary the 1.6895 resistance and lower boundary the 1.6610 support level. The pair is capped by...
Sterling Mildly Higher in Holiday Markets, Gains Limited
The markets remain generally steady today, with UK and US markets on holiday. Sterling is mildly higher, followed by commodity currencies. On the other hand, Yen, Dollar and Euro are the relatively weaker ones. But after all, major pairs and...
Gold Under Pressure
Gold is retreating a little bit of Monday. The instrument is trading at 1728.60 USD; investors have been selling it for the second trading session in a row. On one hand, investors are pretty inspired by the opportunity that quarantine...
German May IFO Reading Sees Light At The End Of The Tunnel
Notes/Observations Quiet price action with UK closed for banking holiday, US closed for Memorial Day holiday German May IFO Survey less pessimistic and sees light at the end of the tunnel as lockdown measures ease German Q1 GDP reading confirmed...
Weaker Yuan Is A Clue From China To The US
The trading session on Monday set to be at reduced volumes as the US and UK exchanges are closed for Memorial Day. Against this background, the dynamics of the currency market may be more revealing, and there is a reason...
Gold Takes A Breather After Reaching A 91-Month Peak
Gold appears to have somewhat weakened after plotting a fresh more than 7½-year high, stalling above the mid-Bollinger band at 1,716. Though the short-term oscillators back a very short-term weakness in the price, the simple moving averages (SMAs) still maintain...
Euro Softer in Quiet Trading, Activity Might Stay Subdued Today
Asian markets are relatively mixed in quiet trading as another week starts. Hong Kong stocks dip mildly following Sunday’s protests against the national security laws. But some optimism is seen in Japan with Nikkei’s rise. Movements in the stock indices...
Latin America finance: Coronavirus could have a platinum lining
Covid-19 has caused human suffering across the region – needlessly exacerbated by wilful incompetence and chronic underfunding of public health systems – and imposed a huge economic and fiscal burden that will be accumulated over the coming years. However, it’s...
Week Ahead: Tensions Heating Up as Summer Approaches
China and the US appear to be on a collision course as tensions escalate. In what originally began as a “blame game” over the coronavirus, is now turning into an economic and political escalation. China has decided to cut back...
Some Uber, Lyft drivers fear companies will use unemployment benefits against them
A driver and passenger wearing protective masks exit the ride sharing pickup area in a car displaying Uber Technologies signage at San Francisco International Airport in San Francisco, California, U.S., on Monday, May 4, 2020. Photographer: David Paul Morris/Bloomberg via...
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