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<p>The US Dollar surged by 143 basis points or 1.01% against the Canadian Dollar on Tuesday. The currency pair was pressured higher by the 50– hour simple moving average during this period. Currently, the exchange rate is trading above the weekly R1 at 1.4168. Bullish traders could drive the price towards the psychological resistance level [&

<p>The New Zealand Dollar declined by 101 basis points or 1.68% against the US Dollar on Tuesday. The currency pair breached the monthly pivot point at 0.5958 during yesterday’s trading session. The exchange rate rebounded from the monthly support level on Wednesday morning. The NZD/USD pair could aim for the 0.6050 area within the foll

<p>Oil price collapse continues, sending shivers through stock markets Trump signals bailouts for US producers, but paradoxically, that could worsen oil’s plunge Dollar pares gains after Trump’s bailout talk, pound softens on Brexit comments Euro in focus as investors flee Italian bonds before tomorrow’s EU summit Trump hints at bailouts as o

<p>The US Dollar failed to continue above the 108.00 resistance and recently tested the 107.25 support area against the Japanese Yen. The USD/JPY pair seems to be forming a decent support base above the 107.20 level. Recently, it traded as high as 107.89 on FXOpen and it is currently declining. There was a break below […]

<p>The oil is still searching for its bottom. On Wednesday morning spot contracts declined by 18% to $19.5 at one point. From today, the CME exchange introduces options with a negative strike price on Crude futures, suggesting that the Monday situation can be repeated. Most worryingly, following the decline in the oil price, there is [&hellip

Alvin Liew, Senior Economist at UOB Group, assessed the latest Japanese trade balance figures. Key Quotes “Japan’s exports continued to contract and b

EUR/JPY is navigating the lower end of the prevailing 116.00-121.50 range and is looking to stabilize in the 117.00 region at the time of writing. Tha

FX Strategists at UOB Group do not rule out further upside in USD/JPY, although any move should be considered as part of a broad trading range. Key Qu

Gold has recaptured the $1,700 mark after trading below that level for several days. The market mood is mixed after a down day on Tuesday, with stocks

The USD/JPY pair extended its sideways consolidative price action on Wednesday and remained confined well within a one-week-old trading band below 200