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<p>The euro currency is holding above the 1.0900 resistance against the US dollar as the greenback starts to give back a portion of last weeks strong gains. Continued gains above the 1.0900 level could see the EURUSD pair rallying towards the 1.0980 resistance level. Technical analysis suggests that the EURUSD pair remains bullish in the [&he

<p>The US dollar index declined in overnight trading as the market reacted to news of a new Covid-19 vaccine being developed by Moderna. The company joins a list of hundreds of other international companies that are developing a vaccine and therapy for the illness. Notable companies are Gilead Sciences, AstraZeneca, and Sanofi. The dollar wil

<p>Short Term Elliott Wave view in SPY (S&P 500 ETF) suggests the rally from 3.23.2020 ended at 296.77 as wave ((1)). Pullback in wave ((2)) is proposed complete at 273.07 as the 30 minute chart below shows. The ETF still needs to break above wave ((1)) at 296.77 to confirm wave ((2)) has ended and […]

<p>Market movers today We get the German ZEW indicator today. Expectations showed a strong bounce back in April and it will be interesting to see if the upbeat mood continues and whether it will begin to reflect in current economic conditions. We will monitor the gradual opening of economies across the world and potential escalation […

<p>General Trend: Asian travel-sensitive stocks track the outperformance seen during Monday’s US session Various US-listed drug companies price stock offerings after recent data from Moderna; Moderna priced stock offering within market expectations RBA May Minutes: Liaisons suggest retail sales fell in Apr [prelim April retail sales due on We

<p>For the 24 hours to 23:00 GMT, the EUR rose 0.85% against the USD and closed at 1.0916. In the US, the NAHB housing market index rose to 37.0 in May, more than market expectations for an advance to a level of 33.0 and compared to a reading of 30.0 in the previous month. In […]

<p>For the 24 hours to 23:00 GMT, the USD rose 0.81% against the CHF and closed at 0.9716. In the Asian session, at GMT0300, the pair is trading at 0.9725, with the USD trading 0.09% higher against the CHF from yesterday’s close. The pair is expected to find support at 0.9681, and a fall through […]

<p>For the 24 hours to 23:00 GMT, the USD rose 6.89% against the CAD and closed at 1.3940. In the Asian session, at GMT0300, the pair is trading at 1.3964, with the USD trading 0.17% higher against the CAD from yesterday’s close. The pair is expected to find support at 1.3896, and a fall through […]

<p>For the 24 hours to 23:00 GMT, the AUD declined 5.52% against the USD and closed at 0.6523. LME Copper prices rose 1.6% or $84.5/MT to $5,249.5/MT. Aluminium prices rose 0.6% or $9.0/MT to $1,441.5/MT. In the Asian session, at GMT0300, the pair is trading at 0.6515, with the AUD trading 0.12% lower against the […]

<p>For the 24 hours to 23:00 GMT, Silver declined 0.68% against the USD and closed at USD17.44 per ounce. In the Asian session, at GMT0300, the pair is trading at 17.45, with silver trading marginally higher against the USD from yesterday’s close. The pair is expected to find support at 17.07, and a fall through […]