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<p>The Aussie Dollar surged by 69 pips or 1.09% against the US Dollar on Tuesday. The 50– hour SMA continued to pressure the currency pair higher during yesterday’s session. However, the exchange rate began Wednesday’s session with bearish momentum and by the middle of the day, the AUD/USD pair has declined by 103 basis points. [&

<p>Since Tuesday’s trading session, the US Dollar has surged by 127 pips or 0.92% against the Canadian Dollar. The exchange rate has breached the 50-, 100– hour SMAs during this period. The currency pair is currently trading near a resistance cluster formed by the monthly pivot point and the 200– hour simple moving average at […]

<p>The New Zealand Dollar has declined by 110 pips or 1.79% against the US Dollar since Tuesday&#8217;s trading session. A breakout occurred through the lower boundary of an ascending channel pattern on Tuesday. Given that a breakout had occurred, bearish traders could continue to pressure the currency pair lower within this session. The

<p>The American currency declined this month across a wide range of markets, and this is good news. The dollar index is almost 5% below its peak on March 20. However, this retreat of the American currency should not be associated with a high number of cases of coronavirus disease. Neither it is a reflection of […]

<p>USDJPY sellers are presently retesting the 106.91 latest low from April 1 after pivoting at the 109.22 level – that being the 23.6% Fibonacci retracement of the up leg from 101.17 to 111.71 – and pushing back under the mid-Bollinger band and congested simple moving averages (SMAs). Reflecting a pause in the market are the […]

<p>NZDUSD stopped last week’s rally as the descending trendline and the 50% Fibonacci retracement of the decline stretched from the 0.6754 top proved hard to break once again, with the pair drifting south on Wednesday. The falling RSI and the downside reversal in the Stochastics which have peaked in the overbought territory are discoura

<p>Gold prices advanced to a fresh seven-and-a-half-year peak of 1,746.95 on Tuesday, continuing the upside tendency from the rebound off 1,456 on March 20. However, the technical indicators are suggesting a possible downside retracement in the 4-hout chart. The RSI seems to be losing momentum returning near the 70 level, while stochastics ar

<p>Uncertainty about growth outlook resurfaces after IMF warning, weighing on stocks Dollar pulls higher as risk aversion sets in US earnings and retail sales data could make for a rocky ride Stocks muted as growth jitters return Equity markets were struggling for momentum on Wednesday as the IMF’s latest economic forecasts served as a remind

<p>US stock indices extended gains on Tuesday. The S&P500 gained 3.06% and Nasdaq rallied 3.95% as technology stocks led gains. Big banks were among the worst performers of the New York session, followed by energy stocks. US banks were offered after the first corporate results showed that bank profits were hit by sizeable $12+ trillion [

<p>GBP/USD is snapping a wo day winning streak on Wednesday, after climbing to a fresh five week high. Grim coronavirus statistics and Brexit returning to the headlines has dragged on sterling. The number of daily coronavirus deaths remain elevated a 778 However the number of hospital admissions is easing, indicating that the social distancin