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Foreign Exchange
USDCAD Pare Gains After Another Round Of Dismal Data from USA
May 28 2020 @ 10:16
USDCAD gives up some gains after another round of dismal data from the US economy. The United States Initial Jobless Claims came in at 2123K above the expectations of 2100K in May as the layoff in the USA continues. The previous month revised higher to 2446K previously reported at 2438K. The 4-week moving average was […]
Gold Suffers Mild Decline Following Growing US-China Tensions
May 27 2020 @ 06:16
Gold (XAU/USD) dipped in the early Asia trading session on Monday as growing US-China tensions continue to influence demand on the safe-haven asset. Gold futures shed about 0.47% reaching a low of $1,724 just a few hours ago. The precious metal failed to hold on to its gains from last week’s session. Stocks, which are […]
USD/JPY Consolidates Below Level 108, Breakout Likely
May 27 2020 @ 06:01
Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Ranging The pair is currently in a sideways move between the levels of 110 and 108. The Yen was in an uptrend but it is facing resistance at level 108. The pair is on a downward move as a result of […]
Euro turns 21, but not everyone is cheering
May 26 2020 @ 09:53
Europe’s single currency, the euro, is 21 years old, but whether one is celebrating or not rather depends on which of its member-countries one lives in. For Germany, the euro has been a boon, helping the country’s mighty export machine to pile up huge trade surpluses. The same is true to a lesser extent for […]
Bitcoin Witnesses Mild Selloff Following a Decade-Old Address’ Transaction
May 21 2020 @ 23:16
The cryptocurrency community was thrown into a frenzy yesterday after an unusual 50 BTC transaction was carried out by a Satoshi-era wallet which was assumed to be dormant for over a decade. Initially, many believed that this transaction was from the elusive Satoshi Nakamoto, however, subsequent data proved otherwise. The data suggests that it was […]
Dollar slipis against the yen on coronavirus crisis
May 11 2020 @ 11:36
For decades, it was one of the most politically and diplomatically fraught exchange rates, the frontier between two of the largest economies in the world. Today, the yen/dollar relationship generates less heat than before, not least because Japan’s apparently-unstoppable economic progress looks less formidable than was the case in the late Eighties. Back then, the authorities in […]
EURJPY Emerges Upward After a Rebound From the Low Level at 114.39
May 08 2020 @ 08:40
EURJPY Price Analysis – May 8 Since the prior trading session, the common European currency has risen 77 basis points or 0.67 percent against the Japanese Yen. The currency pair on Friday surpassed the upward moving average of 5. While emerging upwards after a low-level rebound at 114.39, the selling bias in EURJPY stays far […]
HSBC Holdings stays weak as bulls stay aloof
Apr 24 2020 @ 05:38
HSBC Holdings stock (LSE:HSBA) has stayed weak because buyers seem not to be interested in getting seriously active. Following a largely consolidating movement that occurred between November 2019 and February 2020, there was a sustained downwards movement. The downward movement appears to be losing steam in this month of April; but that would turn out […]
EURUSD Rebounds and Extends Gain to the Region of 1.0900 Level
Apr 23 2020 @ 19:49
EURUSD Price Analysis – April 20 The common currency began the week on a steady tone, leading EURUSD to test Monday’s higher end of the range near 1.0900 marks. The FX pair looks to continue to Friday’s growth, though a crucial barrier test at 1.0900 level is still inaccessible. Furthermore, coronavirus trends seem to control, […]
AUDUSD Recovers Past Level At 0.6350 Alongside Global Stocks
Apr 16 2020 @ 02:51
AUDUSD Price Analysis – April 9 The Australian dollar also shifted along with global stocks, as coronavirus outbreaks, particularly in the US, are already reaching a peak. On Thursday, the AUDUSD pair pushed higher and renewed session highs in the last hour, while displaying considerable strength beyond the 0.6350 level. Key Levels Resistance Levels: 0.7031, […]
