Blogs

AUD/USD price action rips above the 0.7000-handle as Aussie shorts throw in the towel and help drive the pro-risk Australian Dollar to its January opening level ahead of the FOMC meeting scheduled …

USD/CAD started the week off with weakness as the pair continues to probe Fibonacci support we outlined previously. Will Wednesday’s FOMC rate decision stall the descent, or spark another lunge lower?

Gold prices are starting the week with strength following last week's sell-off. Long-term overbought conditions remain – can bulls push through?

USD price action still struggles to find a bid even with the broader US Dollar Index trading at a twelve-week low as USD/JPY recoils and USD/CAD extends its decline.

The US Dollar regained higher ground against its peers during London trade on Tuesday as investors decided to do some profit taking.

The Business Cycle Dating Committee of the National Bureau of Economic Research recently claimed that the United States economy is currently amid an economic recession, given the unprecedented decline in production and unemployment.

NASDAQ makes record new high as stock markets rise; Japanese Yen recovers strongly; Global daily coronavirus deaths highest yet

Suddenly, USD/JPY gains evaporated to reach the 108.23 support and gains at the end of last week’s trading reached the 109.84 resistance, the highest level in two and a half months, and is now settling in the beginning of today’s trading around the 108.47 level.

With the beginning of this week’s trading, gold prices rose again to the level of $1700 psychological resistance after recording its lowest level in more than a month, at to the $1670 support, after the better than expected numbers of US jobs, which contributed to more investor risk appetite.

The S&P 500 has rallied quite drastically during the trading session on Monday, as we have cleared the 3200 level.