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<p>The Australian dollar extends weakness into third day and hits one-week low at 0.6372 in early Monday’s trading, as risk sentiment soured on renewed tensions between the US and China. Fresh bearish extension on Monday was so far contained by rising 20DMA (0.6372), with break here to spark deeper correction of 0.5509/0.6569 rally. Mom

<p>The new week in the financial markets starts in the red zone. This shows us that investors are set up to close their risk positions. The downside reversal occurred on Thursday, bringing the S&P500 down to 5.5% of Wednesday’s levels. The pressure in the stock markets in previous days could be explained by short-term factors, [&he

<p>AUDUSD broke the rising trend line to the downside earlier today, challenging the Ichimoku cloud in the 4-hour chart. This movement is confirmed by the simple moving averages (SMAs) as they are ready to create a bearish crossover and the MACD oscillator is heading south in the negative zone. On the other hand, the RSI […]

<p>Bitcoin has started to slip lower during the European trading session as risk-off trading sentiment causes the cryptocurrency market to turn lower. If BTCUSD sellers break the $8,400 level then the number one cryptocurrency could fall towards the $8,100 technical area. Buyers need to anchor price above the $9,000 level to encourage technic

<p>The euro currency has slipped lower in early week trading against the US dollar as the greenback starts to firm across the board. EURUSD bulls must defend the 1.0880 technical support level this week to avoid a heavy decline back towards the 1.0840 support level. Watch out for short-term EURUSD dip-buyers to return if the […]

<p>US stocks drop on Amazon earnings, fall further as US-China tensions flare up Finally discounting the long-term impact on consumption, psychology, and (de)globalization? Yen and dollar shine as risk aversion returns, aussie and kiwi suffer US-China tensions reintroduce stocks to gravity The stimulus-fueled bear rally in global stocks seems

<p>The Euro fell in early Monday’s trading as dollar was boosted by renewed concerns over US/China trade conflict which intensified on accusations from top US officials that coronavirus emerged from China’s lab. Traders also took some profits from past three day’s 1.5% advance that additionally weighs on the single currency.

<p>EURUSD found buyers last week and turned up to re-challenge its recent swing highs. The bullish pressure, however, proved insufficient, with the price failing again to close above 1.0980 despite spiking to 1.1016 on Friday. On Monday, the pair started the session in the red and below the 50-day simple moving average (SMA), while also [&hel

<p>USDJPY has been trading within a descending channel over the last month, hitting a fresh six-week low at 106.35 on April 29. The price is currently capped by the simple moving averages (SMAs) in the 4-hour chart, while the RSI is marginally pointing up in the negative zone. However, the stochastic oscillator is ready for […]

<p>Gold is currently resting at the mid-Bollinger band around 1,700 while still confined between the boundaries of 1,660 and 1,739. The short-term oscillators further reflect a neutral-to-bullish bias, while the rising simple moving averages (SMAs) continue to be positively charged suggesting further advances to come. The MACD and the RSI dis