Blogs

The Euro is in danger of a significant breakdown, the Canadian dollar is in limbo, while the Yen contracting price points to a breakout soon.

Upside momentum beginning to wane. AUD/USD turnaround would need confirmation from pullback in risks sentiment.

India resists a massive fiscal stimulus, as favored in developed economies. It attempts to walk a fine line between building a bridge for the most vulnerable sectors,

Short-term concerns pressured the US Dollar higher as liquidity concerns remain, and the US Federal Reserve is printing money at a record pace.

US initial jobless claims continue to mount, with next week’s data likely to surpass 30 million job losses over two months due to the global Covid-19 pandemic

Preliminary PMI data out of the UK indicated a steep slowdown, mirrored across Europe, Australia, and the US, due to the global Covid-19 pandemic.

The Australian dollar initially pulled back a bit against the US dollar during the trading session on Thursday, but then rocketed towards the 0.64 handle later in the day.

The Euro initially tried to rally during the trading session on Thursday but gave back quite a bit of the gains as the market reached towards the 1.0850 level.

The British pound initially tried to rally during the trading session on Thursday but gave back quite a bit of the gains to form a bit of a shooting star.