Blogs

AUD/USD may exhibit a more bearish behavior in May as the exchange rate snaps the upward trending channel following the failed attempt to test the March high (0.6685).

The US Dollar and Japanese Yen are on the upswing while the stocks drop as markets weigh a near-certain global recession and the revival of the US-China trade war.

The Pound Sterling edged broadly lower during London trade on growing worries that the trade relationship between the United States and China is deteriorating.

New Zealand's Prime Minister Jacinda Ardern announced that today there were no new covid-19 cases, which reflects the fact that the lockdown has been helpful to stop the spread of the virus in the country.

The U.S. dollar edged higher against its primary trading partners during Monday's Asian trading session

The USD/JPY losses increased pushing it to the 106.35 support, the lowest level of in nearly a month and a half.

I still expect that the GBP gains will remain under the influence of the future negotiations between the two sides of Brexit and the economic situation as a result of the Corona epidemic.

EUR/USD Bullish correction attempts last week's trading culminated by the rise towards the 1.1018 resistance, the highest level in a month

The prospect of new trade skirmishes between the United States and China, at a time when the global economy itself needs intensive care,

Given Australia’s dependence on China, commentary by US President Trump regarding more tariffs added downside pressure on the Australian Dollar,