Markets

AUD/USD settled above 0.7100 and is heading towards the resistance at 0.7130. Australian Dollar Continues Its Upside Move AUD/USD has managed to stay above 0.7100 and tries to continue its rebound while the U.S. dollar is mixed against a broad basket of currencies. The U.S.…

As the U.S. economy accelerates, real U.S. interest rates are going to go down further and faster. This would keep the pressure on the U.S. Dollar. The Dollar/Yen is inching higher on Thursday after posting a steep loss the previous session. The catalyst behind the…

EUR/USD managed to get above the resistance at 1.1830 and continues its upside move. Euro Continues To Move Higher Against U.S. Dollar EUR/USD gained strong upside momentum and is trying to get to the test of the resistance at 1.1870 as the U.S. dollar is…

The Euro rallied again during the trading session on Wednesday, as we continue to see the US dollar got sold off based upon stimulus hopes. The Euro rallied again early on Wednesday, reaching towards the 1.1850 level as the world awaits stimulus coming out of…

The direction of the EUR/USD the rest of the session on Wednesday is likely to be determined by trader reaction to 1.1859. The Euro is extending its gains against the U.S. Dollar on Wednesday, hitting its highest level since September 21, after U.S. President Donald…

Crude oil prices plunged significantly at mid-week trading session amid oil traders’ concerns on the latest report revealing a build-up in U.S. oil stockpiles amid the falling U.S dollar, spiking concerns that the crude oil market might be heading to saturation point. Brent crude and…

The early price action suggests the direction of the AUD/USD on Wednesday is likely to be determined by trader reaction to .7096. The Australian Dollar is trading higher on Wednesday after four straight sessions of losses took it to a three-week trough as optimism over…

The direction of the USD/JPY the rest of the session on Wednesday is likely to be determined by trader reaction to 105.056 to 104.807. The Dollar/Yen is trading sharply lower on Wednesday as traders grow more optimistic that a U.S. fiscal stimulus deal will be…

It’s a quiet day on the economic calendar, leaving Brexit, COVID-19, and U.S politics in focus once more. Friday, 23rd October French Manufacturing PMI (Oct) Prelim French Services PMI (Oct) Prelim German Manufacturing PMI (Oct) Prelim German Services PMI (Oct) Prelim Eurozone Manufacturing PMI (Oct)…

Crude oil prices dropped for a fourth straight day amid growing concerns of a surge in COVID-19 cases globally, thereby putting pressure on crude oil that has dipped arbitrarily in 2020 on the bias that human mobility restriction been put in place in major key…