<p>Stock markets are back in the red on Tuesday afer Wall Street endured a shaky start to the week and oil left everyone gobsmacked as it ventured into uncharted territory. Oil clearly stole the show on Monday as WTI not only ventured into negative territory for the first time ever, it did so in style, […]
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EUR/USD Tests Local Support
<p>On Monday, the EUR/USD currency pair consolidated in the 1.0870 area. During today’s morning, the pair declined to the 1.0840 mark. Given that the exchange rate is pressured by the 55– and 100-hour SMAs near 1.0865, it is likely that some downside potential could prevail. Note that the rate would have to surpass the weekly […]
USD/JPY Price Analysis: Greenback sidelined below 108.00 figure vs. Japanese yen
USD/JPY is trading below the main SMAs (simple moving averages) on the daily chart as the quote is trapped in familiar ranges.
US Existing Home Sales lose their momentum, worst to come in April and May – Wells Fargo
Data released on Tuesday showed Existing Home Sales dropped in March 8.5% to a 5.27 million unit (annual). Analysts at Wells Fargo point out sale clos
GBP/USD drops further, hits fresh two-week lows near 1.2250
The recovery in GBP/USD was short-lived, and it resumed the downside. Recently cable printed a fresh two-week low at 1.2246. As of writing, it trades
EUR/JPY Price Analysis: Euro trading just below the 117.00 figure vs. Japanese yen
EUR/JPY stays under selling pressure below the main SMAs (simple moving averages) on the daily chart as the currency cross is trading just above the 2020 low c
Crude oil market: Stabilising forces ahead – Danske Bank
On Monday, the crude oil market was the star of the financial show after the WTI barrel (May contract) dropped into negative territory. According to a
USD/MXN jumps to test 24.50 as risk aversion hits Mexican peso
The Mexican peso is falling against the US dollar and is among the worst performers on Tuesday amid risk aversion. The USD/MXN rose from 24.05 to 24.4
China orders Bitcoin miners to close their operations
<p><a href="https://admiralmarkets.com/analytics/traders-blog/china-new-hit-bitcoin-22-june"><img data-resize="auto" data-resize="auto" data-resize="auto" style="width:auto;" class="img-responsive" data-src="https://fxmedia.s3.amazonaws.com/articles/mceu_533167736116243
USD/CAD retreats to 1.4200 area as DXY rally loses steam
The USD/CAD pair rose to its highest level in more than two weeks at 1.4266 on Tuesday but struggled to push higher as the greenback lost its strength