AUD/USD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is still trading inside the “overbought area”. However, the pair has already broken +1/8 and may continue growing to reach the resistance at +2/8. However, this scenario may be canceled if the price breaks +1/8 to the downside. After
Negative US 10-year real yields power gains in gold.
The yellow metal is a hedge against inflation.
Gold, a zero-yielding safe-haven metal, has gained 17% so far this year.
The negative real or inflation-adjusted US Treasury yields seem to have power gains in the yellow metal and could continue t
USD/JPY attempts recovery from three-day low while keeping Wednesday’s pullback from 108.17.
Risk sentiment dwindles amid virus woes, Sino-American tension.
The usual pre-NFP cautious mood also weighs on the market’s mood.
Foreign Investment in Japan Stocks dropped further but Money Base grew.
TOKYO, June 30 (Reuters) - Japanese shares ended higher on Tuesday, as positive economic data from the United States and China helped to end the quarter on a strong note and as investors pinned hopes on stimulus.
The benchmark Nikkei average advanced 1.33% to 22,288.14. The benchmark gained 17.82% f
Cable looks weak and could slip back to the 1.2270 zone in the next weeks, in opinion of FX Strategists at UOB Group.
24-hour view: “While our view for GBP to weaken last Friday was correct, our expectation for GBP to ‘edge lower towards 1.2370’ was not. GBP cracked 1.2370 and plunged to
An analyst note from Goldman Sachs highlights the probabilities of the oil prices to correct 15-20%. One of the reasons cited suggests the overstretching of the quote beyond fundamental support.
Sees a correction in the oil price ops 15-20%.
Oil above $40/bbl incentivizes supply to retur
EUR/USD seesaws near the highest in three months.
200-week SMA, a falling trend line from February 2018 guard immediate upside.
January top can lure the sellers during a fresh pullback.
EUR/USD stays directionless around the multi-day top while taking rounds to the 1.1335 amid Friday’s Asian sessio
US Dollar Index (DXY) is trading at levels last seen in mid-March.
DXY is testing a key support level at the 98.00 figure.
DXY four-hour chart
DXY dropped to the 98.20/98.00 support zone while under below the main SMAs. If the market can find some footing here, the index might rebound.
AUD/USD rallies to just below pre-pandemic levels
US-China trade and Hong Kong dispute may limit gains
Technical resistance at 0.6700 a considerable obstacle
The substantial AUD/USD rally this week capping a two-month return from the pandemic panic and almost two decade low in March has reached
The U.S. Economy Appears to Have Bottomed in April
The beginning of this week saw some optimism that the economic downturn could be relatively short-lived, but data through the rest of the week provided grim reminder of the economic damage from COVID-19.
Jobless claims declined for t
The US economy is expected to contract by 35.5% in the second quarter of the year, the Federal Reserve Bank of New York's latest Nowcasting Report showed on Friday.
"News from this week’s data releases decreased the nowcast for 2020:Q2 by 5.0 percentage points," the NY Fed explained. "Negative sur
According to the Research Department at BBVA, despite the downside surprise of 1Q GDP in Turkey, they still maintain a 2020 GDP forecast of 0%, with risks still somehow balanced, depending on the recovery pattern in the rest of the year.
“Turkish Economy grew by 4.5% yoy in 1Q20, lowe