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<p>The markets remain generally steady today, with UK and US markets on holiday. Sterling is mildly higher, followed by commodity currencies. On the other hand, Yen, Dollar and Euro are the relatively weaker ones. But after all, major pairs and crosses are stuck inside Friday’s range. Investors would probably need to wait until tomorrow

<p>Volatility in USDHKD has increased since last week. HKD fell from the strong-side convertibility undertakings against USD after the Chinese Communist Party (CCP) announced the plan to impose national security law in the city. The 12-month HKD FX swap points jumped from 240 to 700 in two days’ time. Although both HKD spot and forward

<p>Traders are returning from a holiday weekend with no shortages of headlines.  The good headlines focus on further progress in the race for a coronavirus vaccine and the reopening of the global economy.  The bad ones focus on the new “cold war” between the world’s two largest economies and rising coronavirus cases in 18 US […]

<p>EURCHF maintains a positive tone despite fading from the 1.0660 peak of May 18. Backing the sudden soar in price from the 57½-month low of 1.0504 to the 1.0660 high and promoting advances, is the gradual upward gradient in the 100- and 200-period simple moving averages (SMAs). More so, the lower surface of the Ichimoku […]

<p>The Australian dollar rallies on strong risk mode on Tuesday and hit the highest since 10 Mar. Extension above former high (0.6616) is pressuring 200DMA (0.6656), with break here to generate bullish signal for continuation of uptrend from 0.5509 (19 Mar spike low). Strong bullish momentum is accompanied by multiple bull-crosses (5/100; 10/

<p>Cable advanced 1.2% on Tuesday, with strong acceleration seen during European session, when the pair hit two-week high at 1.2349. Comments from BoE’s Chief Economist Haldane that the central bank is not close to introduce sub-zero interest rates and optimism on possible compromise over Brexit negotiations inflated pound strongly. Fre

<p>US stock markets are gearing up for a strong start to the week as further lockdown easing and some more promising vaccine news lifted sentiment after the bank holiday weekend. Investors have come back to their desks in high spirits following the long sunny bank holiday weekend (here in the UK, anyway) with news of […]

<p>The S&#38;P 500 futures remain on the upside after they were closed for Memorial Day. However, major stock index (Dow, S&#38;P 500, Nasdaq 100) futures were still up over 1%. Later today, the Conference Board will publish May Consumer Confidence Index (87.0 expected). The Federal Reserve Bank of Chicago will post March National Act

<p>Sentiment towards risk continued to improve with European stocks and US index futures sharply higher this morning, before easing back a little as we approached midday in London. Travel and leisure shares were leading the charge thanks to a pickup in easing of lockdown measures. Safe-haven dollar fell further, and the pound surged after the

<p>USDCAD failed again to beat the mostly flattened simple moving averages (SMAs) and is currently headed to retest the lower boundary of the horizontal market at 1.3850. The short-term oscillators further reflect the latest down turn in price with the RSI having approached the 30 mark from the bullish section, and the stochastic lines declin