Blogs

<p>The US Dollar surged by 94 pips or 0.67% against the Canadian Dollar on Friday. The currency pair tested the monthly pivot point at 1.4030 during Friday’s trading session. However, after the exchange rate breached the monthly PP, the USD/CAD pair began to decline. Most likely, bearish traders will continue to pressure the price lower

<p>The Australian Dollar declined by 56 pips or 0.85% against the US Dollar on Friday. The currency pair tested the lower boundary of an ascending channel pattern at 0.6515 during Friday’s trading session. A breakout occurred through the lower boundary of the ascending channel pattern on Monday morning. Given that a breakout had occurre

<p>The common European currency declined by 85 pips or 0.72% against the Japanese Yen on Friday. The currency pair breached the weekly and the monthly PPs at 117.25 during Friday’s trading session. All things being equal, the exchange rate could continue to edge lower during the following trading session. The possible target for bears w

<p>The trading session on Monday set to be at reduced volumes as the US and UK exchanges are closed for Memorial Day. Against this background, the dynamics of the currency market may be more revealing, and there is a reason for reflection. Today Beijing has lowered the official yuan rate to its lowest since February […]

<p>The USD seemed to be supported by safe haven flows as the US-Sino tensions escalated in the past few days. The tensions were highlighted by the standoff over Hong Kong’s civil liberties, after protests in Hong Kong and the US intentions to sanction China. It was characteristic that China’s foreign minister in a rather angrily […]

<p>US threatens sanctions on China over Hong Kong security bill as tensions simmer But optimism from reopening of economies keeps risk aversion in check Euro and pound on the backfoot again as policy easing and political risks weigh US anger at China mounts; new cold war looming? US-China relations continued to sink to new lows […]

<p>EURUSD was again unable to close above the 1.0980 hurdle last week despite touching the 200-day simple average (SMA), with the price pulling back into the 1.0800 territory on Monday. The price is now located in the crossroads of the 20- and 50-day SMAs, around 1.0870, and should the lines fail to buffer the latest […]

<p>General Trend: Telecom and IT firms underperform in Shanghai after US gov’t targets more Chinese tech companies Consumer Discretionary, Energy and Financial firms are among the gainers in Australia Cansino Biologics [6185.HK] moves between gains and losses after data presentation on coronavirus vaccine. Equity futures rise amid holidays in

The EUR/USD pair hovers around the 1.0900 level in a quiet start to the week, with the shared currency founding support in a better than anticipated G

The now better mood in the British pound is forcing EUR/GBP to ease some ground following last week’s peaks in the 0.9000 neighbourhood. EUR/GBP faile