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<p>The pound sterling is looking to break out from its range as price slipped from the lower range on Friday. The declines below 1.2260 level could indicate a move lower. However, the intensity in the breakout remains weak, putting to question the downside bias. With the Stochastics oscillator likely to turn higher, we suspect this […]

<p>The euro currency’s gradual declines pushed the currency down to the support area of 1.0787 into Friday’s close. As widely expected, price quickly bounced off this support level to close on a bullish session in the final hours on Friday last week. The Stochastics oscillator remains well in the oversold level. This could signal a […]

<p>Pivot (invalidation): 108.55 Our preference Long positions above 108.55 with targets at 109.35 & 109.70 in extension. Alternative scenario Below 108.55 look for further downside with 108.25 & 108.00 as targets. Comment The break above 108.55 is a positive signal that has opened a path to 109.35.</p> <p>The post <a

In opinion of FX Strategists at UOB Group, the chances of USD/CNH to break above the 7.1700 area have lost traction as of late. Key Quotes 24-hour vie

The Reserve Bank of Australia (RBA) is set to announce its Interest rate Decision on Tuesday, 7 April at 04:30 GMT. Economists at TD Securities analyz

After climbing as high as the 1.0830/35 band during early trade, EUR/USD has now come under some selling pressure and recedes to the sub-1.0800 region

The pound is attempting recovery amid reports that PM Johnson is doing well in hospital while optimism about coronavirus developments in several hotsp

The USD/CAD pair tumbled to fresh session lows, around the 1.4080 region in the last hour, albeit quickly recovered few pips thereafter. The pair fail

Japanese Prime Minister Shinzo Abe will reportedly announce a month-long state of emergency according to news agency NHK. The PM may designate seven p

With the massive issuance upcoming in the US, either the Fed will have to buy almost everything or else the USD needs to weaken to attract foreign pur