The greenback, in terms of the US Dollar Index (DXY), has now returned to the negative ground around the 96.70 region. US Dollar Index capped near 97.
Blogs
GBP/USD: Dead cat bounce, next fall to test the 1.2545 zone
Friday's 4-hour chart is pointing to further falls for the cable. Yohay Elam, an analyst at FXStreet, thinks GBP/USD has experienced a dead cat bounce
USD/JPY clings to modest recovery gains, comfortably above 107.00 mark
The USD/JPY pair held on to its goodish intraday recovery gains and was last seen trading just a few pips below daily tops, around the 107.20 region.
Risk of a second wave in some US states – Deutsche Bank
Well over the last 24 hours the market has certainly become much more concerned about a second wave of coronavirus, with yesterday being the worst day
United Kingdom Total Trade Balance: £0.305B (April) vs £-6.676B
United Kingdom Total Trade Balance: £0.305B (April) vs £-6.676B
USD/JPY: Outlook is shifting to negative – UOB
FX Strategists at UOB Group noted USD/JPY faces a key support at 106.70 in the next weeks. Key Quotes 24-hour view: “We expected USD to weaken yesterd
German Economic Adviser: Need to avoid another lockdown in case of a second virus wave
According to the German Economic Adviser Lars Feld, the government should refrain from imposing another lockdown even if there is a second coronavirus
AUD/USD fails at the 0.7031 December high, uptrend at 0.6820 to be eroded – Commerzbank
The aussie was unable to close the 0.7031 December 2019 and is now set to pierce the uptrend at 0.6820, Karen Jones, Team Head FICC Technical Analysis
Gold Price Analysis: XAU/USD bulls to retain control while above 21-DMA
Gold prices (XAU/USD) are reversing a temporary pullback seen on Thursday after the rates reached a new weekly high at 1744.75. At the press time, gol
Turkey Current Account Balance came in at $-5.062B below forecasts ($-4.5B) in April
Turkey Current Account Balance came in at $-5.062B below forecasts ($-4.5B) in April