Blogs

<p>The USD continued to weaken against a number of its counterparts yesterday, as investors tend to continue to eye a possible economic recovery in the US and other places in the world. However, it should be mentioned that manufacturing activity improved in the US during May, yet still marked a contraction as per the manufacturing […]

<p>The US dollar has continued to decline against a basket of currency majors. The dollar index (#DX) has updated local lows and closed in the negative zone (-0.53) yesterday. The US currency is under pressure due to tensions between the US and China, as well as mass protests in the United States. In 15 states […]

<p>WTI crude oil futures for July delivery have been moving slightly higher on the four-hour chart since the soft rebound on the ascending trend line at 30.57 which has been holding since April 28. Over last couple of days, the commodity is trading sideways, finding resistance near the 12-week high of 35.90 and the upper […]

<p>On Monday, the XAU/USD exchange rate consolidated in the 1,740.00 area. During today’s morning, the rate maintained its consolidation. Given that yellow metal is supported by the 55-, 100– and 200-hour moving averages in the 1,725.00/1,735.00 range, it is likely that some upside potential could prevail. Meanwhile, gold could remain p

<p>Notes/Observations Brexit negotiations resume in Brussels; some optimism circulating that UK may be willing compromise with the EU German Chancellor Merkel said to seek compromise on a second stimulus package Equity markets higher in session with European stocks up for a 6th time in 7 days as optimism about economies reopening and stimulus

<p>The trading week started on a mostly positive note, despite the growing tensions between the US and China, rising political unrest in the US following George Floyd’s death and mounting pressure from Facebook employees on company’s inaction faced with President Trump’s comments. Data-wise, the May final manufacturing PMI figures from the mo

<p>Yesterday, the USD/JPY currency pair traded sideways along the 107.60 mark. During Tuesday morning, the pair re-tested the 107.80 level. Note that the exchange rate could gain support from the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 107.60 area. Thus, some upside potential could prevail in the market, and the […]

<p>Yesterday, the GBP/USD exchange rate breached the medium-term ascending channel north. During Tuesday morning, the rate exceeded the weekly R2 at 1.2536. It is likely that some upside potential could prevail in the market. Meanwhile, note that the currency pair could face the resistance cluster formed by the weekly R3, the monthly R1 and t

Early Wednesday morning in Asia, NBC came out with the news suggesting that the White House task force, assembled by President Donald Trump, met forma

Having probed the highest since January 17 in the last hour, the 0.6899 level, AUD/USD drops to 0.6890 amid the early Wednesday morning in Asia.