EUR/USD: Recent break of 1.1250 risks an early test of 1.1050-00 area – Westpac
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NZD/USD is forecast to trade between 0.6960 and 0.7105 within the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “While we expected NZD to strengthen yesterday, we were of the view…
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USD/INR extends pullback from weekly top, refreshes intraday low lately . India covid recovery rate risen 97.19% amid record infections, death tolls elsewhere in Asia-Pacific. Fitch cuts India growth forecast, India–UK negotiations on trade agreement will begin during late…
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The US Dollar Index (DXY) continues to trade with a more assured tone, a trend that has been in situ since the Fed’s hawkish pivot mid-June. within the view of economists at Westpac, DXY could…
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AUD/USD remained under some selling pressure for the third consecutive session on Thursday. COVID-19 jitters, the prevalent risk-off environment took its toll on the perceived riskier aussie Sliding US bond yields kept the USD bulls…
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In light of preliminary figures from CME Group for petroleum futures markets, traders trimmed their open interest positions by nearly 14K contracts on Wednesday, adding to the previous drop. Volume followed suit and went down…
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CME Group’s preliminary figures for petroleum futures markets noted open interest extended the uptrend and rose by nearly 8K contracts at the top of last week. Volume, instead, shrank by around 563.2K contracts after two daily builds during a row. WTI…
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Copper (LME) has resumed its ascent but must rise above 10120 to verify longer-term up move, consistent with Axel Rudolph, Senior FICC Technical Analyst at Commerzbank. Strong support is found at 8800/8570 “Copper’s slide has taken it to its June low…
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EUR/USD reverses the sooner move to the 1.19 area. The German Economic Sentiment surprised to the downside in July. US ISM Non-Manufacturing grabs all the eye across the pond. The EUR/USD’s earlier optimism was ephemeral. Indeed, the pair rapidly…
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There were two key surprises within the RBA Board’s July statement: the tapering of weekly purchases to AUD4 B per week and therefore the change to the forward guidance by removing “at the earliest.” So, although the Federal Reserve Bank of…
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Silver gained positive traction for the third consecutive session on Monday. Any subsequent move up might confront resistance near the 38.2% Fibo. level. Mixed technical indicators on the daily chart warrant caution for bullish traders.…
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