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<p>The Aussie Dollar started a strong upward move from well below the 0.6400 level against the US Dollar. The AUD/USD pair gained pace above the 0.6450 resistance to move into a positive zone. Besides, there was a close above the 0.6500 level and the 50 hourly simple moving average. A high is formed near 0.6561 […]

<p>The single European currency edged lower by 403 pips or 2.60% against the Canadian Dollar during last week’s trading sessions. The currency pair breached the 50-, 100– and 200– period SMAs last week. All things being equal, the EUR/CAD exchange rate will most likely continue to decline within this week’s trading sessions. The p

<p>It’s been a bit of a tentative start to the week, with European stocks giving back earlier gains and US futures now pointing a little lower. Investors have been growing in confidence in recent weeks as countries around the world have been preparing to ease lockdown measures. That will continue to be a tailwind for […]

<p>Notes/Observations Market sentiment mixed as new virus outbreaks hurt efforts to reopen the global economy (new infections in South Korea, Germany and China) China reiterates its commitment to support its real economy Asia: China PBOC Q1 Monetary Report noted that would step up counter-cyclical adjustment to support the real economy and fe

<p>The USD lost ground against a number of its counterparts since Friday, as ,b>market sentiment improved due to further easing of the lockdown measures in various parts of the world. It should be noted that the US employment data for April came out better than expected, yet remain massive with unemployment being at 14.75% and […]

<p>Dollar advances vs yen on Monday, holding in green for the third straight day and penetrating deeply into daily cloud (106.70/107.88) which marked strong resistance. The greenback enjoys support from many countries re-opening after coronavirus lockdown that improved risk mode and sent safe-haven yen lower. Short squeeze could extend furthe

<p>The Australian dollar pulls back from new monthly high at 0.6561 hit in Asian trading on Monday, as bulls face headwinds and unable to clearly key barriers provided by falling 100DMA (currently at 0.6534) and 30 Apr high at 0.6569. Sentiment remains positive on global gradual re-opening after lockdown that boost risk demand and keeps [&hel

<p>US 500 stock index (Cash) is struggling to overcome the 2,935 level, that being the 61.8% Fibonacci retracement of the down leg from the all-time high of 3,396.64 until the 2,183.95 low, after acquiring some footing on the Ichimoku cloud’s upper band at 2,791. The positive tone of the Ichimoku lines and the short-term oscillators [&h

<p>USDJPY has reversed back up again, above 107.00, after finding support at the eight-week low of 105.95 achieved last week. The price is in the process of penetrating the downward sloping channel to the upside, shifting the bearish structure to neutral. The price is ready to touch the 23.6% Fibonacci retracement level of the down […]

<p>The US dollar is enjoying strong buying interest against the Japanese yen currency on Monday, following a strong breakout above the 107.00 level. A bullish reversal pattern on the lower time frame indicates that the USDJPY pair could reach the 107.70 level. USDJPY bears need to hold price back under the 106.55 support level to […]