Blogs

US Trade Representative Robert Lighthizersays feels “very good” about the phase one trade agreement with China, which is doing a good job of honouring

The price of gold has pushed higher today as the greenback capitulated once again. Although stocks have moved higher too this time. There has been ano

The pound sterling is picking up during Thursday’s US session. GBP has taken advantage of a softer US dollar to extend its rebound from 1.2500 lows to

DXY keeps falling while breaking below the 97.00 level and reaching the 96.60 level. As the bears stay in charge, the greenback can see further losses especia

The weekly report showed initial claims reach 1.87 million last week. Analysts at Wells Fargo, point out over the past 11 weeks, 42.6 million initial

USD/JPY has been a head-turner of late. The pair has rallied to test waters in the 109 handle while, at the same time, the DXY has dropped to the lowe

Data released on Thursday in Canada showed the trade deficit rose more than expected in April, with a dramatic collapse of almost 30% in exports, to t

<h3><strong>GBPUSD, H1</strong></h3> <p>Cable posted a two-day low at 1.2504, which is down by over a big figure from the one-month high that was seen yesterday at 1.2616. In UK news, and amid the latest round of trade talks with the EU, Rolls-Royce announced 3,000 job cuts due to the bleak outlook in its aviation engi

<h3>Fundamental Analysis</h3> <p>The European Central Bank (ECB) will hold a regular currency policy meeting on Thursday, June 4, 2020. Market analysts expect the ECB will not cut the Deposit Rate at this time. On the other hand, the ECB under the leadership of President Lagarde is expected to increase the financial stimulus progr

<h3>XAUUSD, Daily</h3> <p>Gold is an attractive investment during periods of political and economic uncertainty. Half of the world’s gold consumption is in the form of jewelry, 40% investment, and 10% in industry. The biggest gold producers are China, Australia, the United States, South Africa, Russia, Peru and Indonesia. The bigg