Blogs

<p>During yesterday’s trading session, the greenback has continued to lose ground against its main competitors. The dollar index (#DX) closed in the negative zone (-0.69%). The US continues to publish rather weak economic releases. In April, the volume of durable goods orders decreased by 17.2% (m/m). At the same time, the indicator has

<p>During the first part of Thursday’s trading session, the New Zeland Dollar surged by 50 pips or 0.81% against the US Dollar. However, the currency pair abandoned the initial gains at the end of the US session on Thursday. The exchange rate bounced off the 50– hour simple moving average at 0.6193 during the Asian […]

<p>The US Dollar traded sideways against the Canadian Dollar on Thursday. The USD/CAD currency pair consolidated below the 1.3800 area during Thursday’s trading session. As for the near future, if the exchange rate breaks the 1.3731 area, a decline towards the weekly support level at 1.3625. On the other hand, if the currency exchange r

<p>The common European currency surged by 88 pips or 0.75% against the Japanese Yen on Thursday. The currency pair tested the upper boundary of an ascending channel pattern at 119.37 during yesterday’s trading session. All things being equal, the EUR/JPY exchange rate could decline within the following trading session. Bearish traders a

<p>The dollar was sold in Asia/early Europe on Friday ahead of President Trump’s speech on China, due later today, as rising tensions over Hong Kong and fears of US reaction prompted investors into safe haven yen. The pair was down nearly 70 pips, finding footstep at 107 zone (daily Kijun-sen/50% of 105.98/108.08 upleg), but generated [

<p>Key insights from the week that was. The past week has seen partial data released ahead of Australian Q1 GDP next Wednesday. On the global front, markets have remained optimistic, albeit wary of the risks, particularly with respect to US/China trade relations. The partials this week for Australia were focused on investment. Construction wo

<p>Stocks drift lower, yen edges up as markets await Trump’s response over Hong Kong But dollar hits 2½-month low on soaring euro and Fed hints of yield curve control Powell speech and US spending data also eyed later today Sino-US relations under strain Markets are bracing themselves for US President Trump’s press conference expe

<p>The US stock indices turned negative in Thursday’s session as the rising tensions around Hong Kong’s new national security law and Donald Trump’s attacks on social media companies led to some profit taking after American stocks advanced to highest levels in almost three months. Financials and tech stocks suffered the biggest losses in New

<p>GBPUSD has been in ascending mode after the rebound on the two-month low of 1.2075, challenging the 1.2360 resistance level in the 4-hour chart. The technical indicators are currently proposing that the buying interest may continue as the 20- and 40-day simple moving averages (SMAs) are following, the price action and posted a bullish cros

<p>AUDJPY maintains a clear uptrend in the short-term picture, well supported by an ascending trendline, but now must face the 0.7150 level and the 200-day simple moving average (SMA), which appeared a strong resistance this week, to continue the bullish retracement of the virus-led sell-off. The RSI and the MACD are currently reflecting a we