The Australian Dollar has picked up strongly from its March lows but may not be able to maintain altitude this week.
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Gold Prices May Reverse, US Dollar Sinks as Fed Juices Wall Street
Gold prices soared but XAU/USD is at risk to a reversal. The US Dollar sank as Fed stimulus offset ever-dismal economic data. Crude oil prices looked past OPEC+ cuts before Asia trade.
Euro at Risk as North-South Political Rift Threatens Financial Stability
The Euro could face another round of aggressive selling pressure as regional policymakers continue to bicker on a unified approach to combating the coronavirus.
Oil Forecast: OPEC+ Deal Dwarfed by Crude Oil Demand Woes
Crude oil price action just took a massive 20% spill from intraday highs. Commodity traders raced to hit the sell button considering the drop in global oil demand will likely trump the latest OPEC+…
People’s Bank of China sets yuan reference rate at 7.0354 (vs. yesterday at 7.0536)
People's Bank of China reference rate for USD/CNY Skips OMOs today. No RRs maturing so thus no net injection nor drain for the day. ForexLive
Moderation in China’s CPI Allows Government to Accelerate Stimulus
<p>Inflation in China eased in March. Headline CPI slowed to +4.3% y/y in March, from a 8-year high of 5.2% in the prior month. The market had anticipated moderation to +4.8%. From a month ago, inflation contracted -4.6%, compared with a +9% gain in February. Both food and non-food prices as demand shrank amidst the […]
USD/JPY pierces 108.50 ahead of Tokyo open on Good Friday
USD/JPY recently broke the 10-pips range between 108.40 to 108.50 while rising to 108.56, currently near 108.53, ahead of the Tokyo open during Friday
US Pres. Trump: Conversation with Saudi Arabia and Russia on oil was very good
US President Donald Trump crossed wires after his call with the leaders of Saudi Arabia and Russia. The leader praised talks with the global oil major
Gold Price Analysis: Multiple upside barriers before crossing $1,700
Despite probing the multi-year high, marked on Thursday, Gold prices near the key resistances while taking rounds to $1,685 at the start of Friday’s A
AUD/USD: Above 0.6300 on Good Friday holiday with eyes on China CPI
AUD/USD remains above 0.6300, despite stepping back from the monthly high of 0.6363 to currently around 0.6330, at the start of Friday’s Asian session