European Monetary Union CFTC EUR NC Net Positions rose from previous €95.6K to €117.1K
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GBP/USD: Poor pound price action increases downside risks in near-term – MUFG
Analysts at MUFG Bank, see the pound under pressure in the near term and expect GBP/USD to drop further after breaking the 1.2420 support. Key Quotes:
USD/MXN finds resistance at 22.80 and Mexican peso recovers ground
The USD/MXN is about to end the week higher for the second time in a row. The Mexican peso continues to face headwinds after a strong rally in May. Th
NZD/USD retreats to 0.6400 and approaches two-week lows at 0.6375
The New Zealand dollar has traded lower for the second consecutive day on Friday, extending its pullback from 0.6505 highs earlier this week to 0.640
Fibonacci extension levels project a very low weekly target for GBP/JPY
It has been a very tough week for GBP. The market clearly thought the Bank of England could have done more to support the pound after the GBP 100bln w
S&P 500 top movers: Incyte Corp (INCY) surges above $102, gains nearly 5%
Wall Street's main indexes started the day around 1% higher but turned south as investors don't seem to be eager to take new positions ahead of the we
EUR/JPY Price Analysis: At a key support area around 119.50
The euro has traded lower against the Japanese yen for the second consecutive week, extending its reversal from 124.43 highs in early June to hit day
EUR/USD is in a deep corrective phase but when is it a trend reversal?
There is been lots to digest on Friday regarding the COVID-19 crisis and the Eurogroup recovery fund. Firstly, the COVID-19 cases continue to rise in
USD: Risk off/risk on is likely to remain a key driver – MUFG
A modest rebound in the value of the US dollar is underway from heavily oversold levels, argue analysts at MUFG Bank. According to them, the negative
Brexit negotiations: No breakthrough seen this summer – Danske Bank
Analysts at Danske Bank continue to see as a base case scenario that an agreement that includes a simple tree trade agreement on goods, not services,