Copyright Reuters. Illustrative photo of China’s RMB banknotes Written by Saikat Chatterjee LONDON (Reuters)–The performance gap between emerging market currencies and developed market currencies has been blown to the largest level in more than a decade, as falling interest rates, economic uncertainty and large-scale capital outflows have dampened investors’Read More →
Reuters. By Peter Nurse. Investing.com – The U.S. dollar rose slightly in early European trading on Monday, with talks over the latest U.S. stimulus measures seemingly in limbo as the election approaches. At 2:55 a.m. ET (0655 GMT), the dollar index, which tracks the dollar against a basket ofRead More →
© Reuters. By Yasin Ebrahim Investing.com – The dollar was flat Tuesday as Federal Reserve chairman Jerome Powell reiterated the central bank was in no hurry to stop supporting the economy and warned a slower recovery would keep rates lower for longer. The , which measures the greenback’s strength against aRead More →
© Reuters. FILE PHOTO: U.S. dollar notes are seen in this picture illustration By Eimi Yamamitsu TOKYO (Reuters) – The dollar held tight ranges against its peers on Monday as investors awaited clarity on the health of U.S. President Donald Trump after he tested positive for the coronavirus, sendingRead More →
Reuters. Yasin Ebrahim Investing.com – The pound fell sharply against the dollar on Tuesday as Prime Minister Boris Johnson raised fears of a no-deal Brexit after warning that Britain would end negotiations if there was no progress towards a deal by mid-October. It fell 1.35% to $1.2988. Johnson saidRead More →
USD/ZAR analysis Beginnings USD The boost comes after Trump’s COVID announcement. Rand holds steady ahead Non-Farm Payrolls (NFP) Expected rise in U.S. election volatility could affect ZAR’s appeal. interview DailyFX Education Center Understand why news events are key to fundamental forex analysis. The South African rand has been inRead More →
A weaker dollar assisted gold in regaining positive traction on Thursday. Risk appetite sentiment and a spike in US bond yields could limit any strong gains. Investors are also likely to avoid placing bets ahead of Friday’s NFP. Gold continued its steady positive trend during the day and surgedRead More →
NASDAQ, HANG SENG, NIFTY 50 INDEX OUTLOOK: Nasdaq 100 faces an immediate resistance at the 20-Day SMA (11,170) after a decent rebound “AB=CD” pattern suggests Hong Kong’s Hang Seng Index (HSI) may rise after a heavy-selling week India’s Nifty 50 index looks well supported by its 200-Day SMA atRead More →
The USD/CHF continued to gain traction for the fourth consecutive session on Wednesday. A strong bid tone around the US dollar is seen as a key factor driving the pair up. Optimistic market sentiment dampened the safe-haven Swiss franc, for which it remains supportive. The USD/CHF pair maintained itsRead More →
Reuters. By Yasin Ebrahim. Investing.com – The dollar rode the euro’s slide to a more than one-month high on Monday and appeared to reclaim its safe-haven status amid the global growth turmoil amid rising odds of Europe reimposing lockdown measures to curb the spread of Covid-19. The , aRead More →
The euro opened at a daily high during the US session on Friday, but remained sideways. EUR/USD continued to fluctuate around 1.1850 and could not confirm the levels below 1.1800 or above 1.1900. EUR/USD is about to post small weekly gains hovering around 1.1850 at the end of Friday,Read More →
Nasdaq:SAVA fell nearly 10% on Tuesday after rising nearly 90% earlier this week. Analysts raised their ratings after SAVA announced positive news about its Alzheimer’s clinical trial. NASDAQ:SAVA retreated Tuesday after nearly doubling in price on Monday, after Wall Street analysts were bullish on the biotech’s Phase 2B clinicalRead More →
Reuters. By Hideyuki Sano TOKYO (Reuters) – The pound flirted with a 1-1/2-month low against the dollar on Monday on fears of a no-deal Brexit while investors waited for Japan’s ruling party to choose Prime Minister Shinzo Abe’s successor. The pound changed hands at $1.2806, having touched a 1.2767Read More →
Reuters. By Gina Lee Investing.com – The dollar fell in Asia on Monday morning, but the focus was on the pound and yen. The pound recovered from its previous session’s losses as fears of a hard Brexit intensified. In Japan, the ruling party will vote for a new leaderRead More →
Reuters. By Yasin Ebrahim Investing.com – The pound is on track for its biggest weekly fall in nearly six months on Thursday as the European Union threatened legal action against Britain if it does not drop a bill aimed at scuttling the Brexit divorce deal. Down 1.56% at $1.2799,Read More →
NZD/USD Analysis. Monetary policy conundrum adds uncertainty ahead of September RBNZ meeting. NZD/USD Rejected at the key weekly level around 0.6785. Signs of NZDUSD weakness. macd, RSI and bearish engulfment. IG client sentiment :Recent dovishness has invalidated the typical opposing sentiment view. NZD/USD faces resistance as RBNZ considers usingRead More →
EUR/USD traded directionless above the 1.18 handle on Tuesday. Next up will be EMU’s flash Q2 GDP data and employment changes. After the holiday on Monday, the US markets will resume normal activity. The single currency trades cautiously and holds. EUR/USD. It was above the 1.18 level at theRead More →
Amid weakening market sentiment, the US dollar was hit by rising volatility; dollar price action awaits non-farm payrolls. Worsening risk appetite boosts dollar, dollar price strengthens The dollar is trying to turn up, and the S&P 500 VIX. surge (of water) Upcoming NFP report in August 2020 has theRead More →
Yen Time Cycle, Yen Index, AUD/JPY, EUR/JPY – Talking Points. The yen is poised to extend its recent decline after breaking below 6-year trend support. AUD/JPY is focused on multi-year highs after breaking out of an ascending triangle consolidation. EUR/JPY staggers higher despite sharp RSI divergence. Is there aRead More →
Chart created with TradingView Oil Talking Points The price of oil pulls back from a fresh monthly high ($43.78) even though US Crude Inventories contract for six consecutive weeks, and energy prices may continue to consolidate over the coming days as the Organization of the Petroleum Exporting Countries (OPEC)Read More →
S&P 500 futures recorded a modest gain after a six-day winning streak, reaching as high as 3,498.12. Fed Chairman Powell’s AIT move was well appreciated and hopes for US stimulus added to the market’s optimism. Viral woes, a US-China tug-of-war and a light calendar could provide intermediate callbacks aheadRead More →
Overview of U.S. Durable Goods Orders Wednesday’s U.S. economic agenda focuses on the release of July’s durable goods orders data. The U.S. Census Bureau will release its monthly report at 12:30 p.m. CST. The report is expected to report a 4.3% increase in overall orders for the month, comparedRead More →
ZAR Price Action Talking Points. South African rand continues to show strength with multiple macroeconomic tailwinds supportive USD/ZAR Approaching the 200-day moving average after falling below 17.0000 Possible bullish cross looming for GBP/ZAR EUR/NZD trading at monthly lows South African inflation data coming soon Global markets will be closelyRead More →
Copyright Reuters. By Peter Nurse. Investing.com – The U.S. dollar weakened slightly in early European trading on Monday, dragged down by the U.S. authorization of a new coronavirus treatment, but the decline has been minimal as traders look for guidance on future U.S. monetary policy from the Federal Reserve’sRead More →
Reuters. Hedge funds are betting that the euro will rise to $1.25 after the U.S. election. (Bloomberg) Hedge funds are becoming more bullish on the euro. Not only are they betting that the currency’s rally will continue, but they think it will rise to levels last seen in earlyRead More →
