EUR/USD Outlook: Euro Extends Weakness On Downbeat German Data, US Labor Report In Focus
The Euro extends steep fall into fifth straight day and hits new lowest level since early Oct on Friday, on track for the biggest weekly fall since early November. Downbeat German industrial production data added to weak tone of the...
USDJPY 111.00 Still Possible
The US dollar is struggling to break above the 110.00 level against the Japanese yen currency as traders remain cautious ahead of the US job report later today. A strong US jobs number could see the USDJPY pair advancing towards...
Market Morning Briefing: Aussie Is Likely To Trade Below 0.6775
STOCKS Equities continue to trade higher and broadly remain bullish. Dow can gain further momentum to move higher on a break above 29400-29500. DAX is moving higher in line with our expectation and can test a key resistance in the...
US 30 Index Extends Bullish Pressure; All-Time High at 29,528
The US 30 index is looking strongly bullish after surging above its daily moving averages (MA) on Monday. Prices hit a record high of 29,528 earlier today and the technical indicators are all pointing to further positive momentum in the...
USD/JPY Outlook: Steep Ascend Extends into Fourth Day But Faces Headwinds at Psychological 110 Barrier
The pair maintains firm bullish tone for the fourth straight day as dollar enjoys support from easing virus fears and China’s cut of tariffs on US imports. Strong rally from Monday so far advanced 1.2% and broke above Fibo barrier...
Market Morning Briefing: Pound Trades Below 1.30
STOCKS A further strong surge in the equity markets across the globe. The bounce-back moves in the global equities have been happening much quicker than we had anticipated as the market gathers momentum at a faster pace. All indices like...
Dollar Index Extends Advance on Risk Appetite/Upbeat US Private Jobs Data
The greenback surged to new two-month high against the basket of major currencies on Wednesday, driven by fresh risk appetite on talks about possible cure for coronavirus and upbeat US private sector jobs data (ADP Jan 291K vs 156K f/c...
AUD/USD Outlook: Rising Risk Appetite Drives Aussie Further Up
The Australian dollar advances further on Wednesday, boosted by fresh risk appetite in the market after news about cure for coronavirus circulated and extends recovery into third straight day. Fresh bullish extension broke above initial barriers at 0.6754/62 (10DMA /...
Market Morning Briefing: Euro Is Holding Well Below Resistance At 1.11
STOCKS A strong follow-up rally on all major indices has reduced our concern of the strength of the current bounce-back move that we had citied yesterday. The danger of seeing any further sharp fall has reduced now and the bias...
EURAUD Bears Face Big Challenge at 1.6430
EURAUD held in losses for the second day in a row after flirting with a fresh five-month peak of 1.6590. The drop to the 23.6% Fibonacci retracement level of the upward move from 1.5340 – 1.6790 and near the 1.6430...
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