Blogs

<p>The US dollar has moved to a new monthly trading high against the Japanese yen currency, with the pair advancing towards the 109.50 resistance area. Technical analysis shows that the USDJPY pair could test towards the 110.00 resistance level in the short-term. The daily time frame currently shows that the 111.00 technical area offers the [

<p>The British pound has rallied to a new multi-month trading high against the US dollar after buyers broke through the pair’s key 200-day moving average. Due to a large bullish pattern, further gains above the 1.2640 level could cause the GBPUSD pair to rally towards the 1.3000 level. Technical analysis shows that the GBPUSD pair […]

<p>Notes/Observations Various stimulus measures and planned reopening of global economy supporting a risk-on mood (ECB’s PEPP increase on Thurs, Malaysia 2nd stimulus package) China vowed countermeasures to recent US economic restrictions on 33 Chinese companies EU Brexit Negotiator Barnier to hold press conference on recent UK-EU trade relat

<p>The Australian dollar cracked psychological 0.70 barrier on Friday, in extension of steep bullish acceleration this week (the pair is on track for weekly gains of nearly 5%). Bulls approach key barrier at 0.7032 (31Dec 2019 high) and break here would open way for extension of recovery of 2017/2020 bear-phase (0.8135/0.5509) towards its Fib

<p>On Thursday, the XAU/USD exchange rate raised to the resistance formed by the 100– and 200-hour SMAs, as well the monthly PP in the 1,720.00 area. During today’s morning, the rate reversed south. Given that yellow metal is pressured by the 55-hour moving average near 1,710.00, it is likely that some downside potential could prevail [

<p>Yesterday, the USD/JPY currency pair surpassed the weekly R3 at 109.07. During Friday morning, the pair tested the monthly R2 at 109.43. It is likely that the exchange rate could gain support from the 55-hour SMA near 108.95 and extend gains in the short run. In this case the rate could face the resistance of […]

<p>Yesterday, the GBP/USD exchange rate re-tested the monthly R1 at 1.2615. During Friday morning, the rate raised the weekly R3 at 1.2678. It is likely that the currency pair could gain support from the 55-hour moving average near 1.2580 and trade upwards in the short run. In this case the pair could exceed the 1.2750 […]

<p>On Thursday, the EUR/USD currency pair jumped to the 1.1350 level. During today’s morning, the pair tested the monthly R2 at 1.1385. On the one hand, it is likely that some downside potential could prevail in the market. In this case the exchange rate could decline to the support area formed by the 55– and […]

"Today’s Employment Report supports our view that we will see a decent rebound in GDP growth in Q3," noted Rabobank analysts. Key quotes "However, the

The Federal Reserve Bank of New York announced on Friday that it will purchase approximately $4 billion in Treasury securities every day next week. Wi