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<p>The dollar extended its recovery against European currencies this morning, after the big US retail sales beat raised hopes for a speedy economic recovery. The firmer dollar weighed on buck-denominated gold, while stocks and US index futures held onto their gains as central bank stimulus and recovery hopes offset concerns over coronavirus r

<p>Fed Chair Powell stuck to a largely expected rhetoric during his Congressional testimony after Monday’s unexpected Fed play into corporate bonds. Powell’s testimony lead with indications that the US may be bottoming out, while rates will remain near zero growth until growth returns on track. He did his best to qwell speculation

<p>The British Pound remained well above the 1.2450 level and climbed higher above 1.2550 against the US Dollar. The GBP/USD pair even broke the 1.2600 level, but it struggled to continue higher. The pair traded as high as 1.2687 on FXOpen and it is currently declining. There was a break below a connecting bullish trend […]

<p>Notes/Observations UK CPI hit a fresh 4-year low; builds case for BOE to add to QE program at Thursday’s meeting Upcoming EU Leader online Summit not expected to gain approval of EU Recovery Fund China try to deescalate the India border issue; sees situation as ‘stable’ Asia: Japan Apr Trade Balance: -¥833.4B v -¥1.03Te as [&he

<p>The USD strengthened against a number of its counterparts yesterday and during today’s Asian session as the US retail sales growth rate for May outperformed expectations reaching 17.7% mom. At the same time the Aussie tended to weaken substantially as a commodity currency which is quite risk sensitive to the concerns about the coronavirus

<p>EURGBP has been developing within a consolidation area since May 15, despite the upside penetration at the end of the previous month. Looking at the last few days, the pair is extending a bullish move above the Ichimoku cloud and the 23.6% Fibonacci retracement level of the up leg from 0.8670 to 0.9055 at 0.8963, […]

The daily chart shows still more slides likely but pound is holding above the key 20-day moving average and on top or the 1.2500 horizontal support ar

The euro is going through a moderate pullback against the British pound, hovering above session lows at 0.8940 after being rejected near the 0.9000 li

OPEC and non-OPEC producers' Joint Technical Committee (JTC) didn't make any recommendations for a further extension of the current oil output cuts, R

The Canadian economy will present a fiscal and economic snapshot on July 8th, Canadian Prime Minister Justin Trudeau announced on Wednesday. "The gove