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<p>Notes/Observations ECB rate decision with expectations that the central bank could upside its Pandemic Bond Fund (PEPP) with size being the main question Germany makes a complete u-turn in its approach to fiscal policy (went from austerity mode to big spender in effort to revive the economy) Risk appetite hits some speed bumps as US-China

<p>AUD weakened against the USD as traders may have chosen to book some profits after the pair reached a 5-month high. It should be mentioned though that analysts tend to revise upwards the outlook for the currency, given that Australia had a relatively low number of coronavirus cases, implying that a rebound may be quicker […]

<p>The cocktail of violent protests across US major cities and a rising risk appetite upset the dollar and let other major currencies collect sizeable gains for more than a week now. On Friday at 12:30 GMT the famous nonfarm payrolls report may not be an ideal one, but it could add some floor under the […]

<p>EURUSD is edging lower over the last four-hour sessions following the bounce off the three-month peak of 1.1256. The technical indicators are weakening in the positive areas. The MACD is slipping beneath the trigger line, while the RSI failed to hold above the 70 level and is approaching the neutral threshold of 50. Further declines [&hell

<p>The Euro eases from new 11-week high at 1.1257 on Thursday, partially due to overbought conditions and partially as positioning ahead of ECB’s policy announcement. The pair holds in steep uptrend which lasts almost three weeks, boosted by weak dollar and growing optimism that post-pandemic recovery will pick up. The rally took out se

<p>Yesterday, the XAU/USD exchange rate dropped to the 1,695.00 level. During Thursday morning, the rate reversed north to 1,705.00. On the one hand, it is likely that some upside potential could prevail in the market. In this case it is unlikely that the price for gold could exceed the 1,720.00 area due to the resistance […]

<p>On Wednesday, the USD/JPY currency pair raised to the weekly R3 at 109.07. During today’s morning, the pair was testing the given resistance level. If the given resistance level holds, it is likely that some downside potential could prevail in the market. In this case the exchange rate could gain support from the weekly R2 […]

Gold prices stabilised and rallied beyond $1,710 resistance to a high of $1,722 with some volatility on the grind higher overnight. European traders s

Japan JP Foreign Reserves: $1378.2B (May) vs $1368.6B

GBP/USD prints 0.11% gains while taking the bids near 1.2610 during the early Friday’s Asian session. Even so, the Cable stays below the 1.2640/50 hor