EUR/USD's pullback from 1.1371 to 1.1275 has weakened the immediate bull bias.
The pair, however, is still holding above the 200-hour SMA.
EUR/USD is down but not out. The pair is trading in the red near 1.1275 at press time, having faced rejection at a one-month high of 1.1371 on Thursday.
The US Dollar has surged by 53 pips or 0.39% against the Canadian Dollar since yesterday's trading session. The currency pair tested a resistance cluster formed by the 50– and 200– hour SMAs at 1.3605 on Thursday morning.
If the resistance cluster holds, bearish traders are likely to pressur
Asian equities fail to cheer China’s vaccine news amid rising numbers from the US, lockdown in Anxin County.
Updates from New Zealand, Australia flash mixed signals but bears keep the helm.
Japan’s Retail Trade, surge in Tokyo cases drowned Nikkei, NZX 50 welcomes comments from RBNZ’s Orr.
WTI has recovered from overnight lows and currently trades around key SMA hurdle.
Sustained risk-on may bode well for the black gold.
Big gains, however, may remain elusive, due to bearish US oil inventory report.
West Texas Intermediate (WTI) crude has bounced up to a simple moving average (SMA
At 3.30 am ET Tuesday, IHS Markit releases Germany's flash PMI data. Economists forecast the composite index to rise to 44.2 in June from 32.3 in the previous month.
Ahead of the data, the euro traded mixed against its major rivals. While the euro held steady against the pound, it rose against the r
Vice Chairman of the Swiss National Bank (SNB), Fritz Zurbruegg, recently crossed wires while appearing for an interview with the Swiss Newspaper Neue Zuercher Zeitung. The policymaker showed readiness to intervene into the markets, if needed, without caring if the US terms them the currency manipul
There is a potential 7:1 shorting opportunity forming on the hourly chart of the currency pair. If the pair can violate the uptrend resistance as well as the 1.252 resistance, then this will confirm a continuation of the downtrend where I see it hitting the 1.237 level or t
The yen rallied and the commodity currencies corrected as risk appetite turned sour. The dollar also gained versus most currencies, though still underperformed the yen. The risk-sensitive AUD-JPY led the way, racking up a 2% intraday loss, while AUD-USD dove by 1.5%. Lofty levels, with AUD-JPY last
Riots in the USA, the demarche of China and Brexit
Fundamentally, the current fundamental background in the US stock market is ideal for sales. The economy shows the worst shape in history across the entire spectrum of the economy: from the labor market to GDP and retail sales. Tensions b
China's December Caixin manufacturing PMI came in at 49.4 vs. 50.1 last, showing operating conditions deteriorate slightly as COVID-19 pandemic weighs on demand.
Earlier today, the purchasing managers' index (PMI) for China's manufacturing sector arrived at 50.8 in April, the National Bureau of Stat