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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Australia October Retail Sales arrived at +4.9% vs the 2.5% predicted for the month which is a massive beat. Xmas consumers and the covid associated pent-up demand is a probably contributing issue with the country…
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EUR/USD dropped to its lowest degree given that June 2020 at 1.1185 on Wednesday. Renewed restrictions in opposition to resurging COVID-19 instances are outweighing plausible of a shift in European Central Bank (ECB) rhetoric, in…
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Equity market indices have risen impressively in the current period. Some traders are worried about this upward shove in share fees and worry a downward correction. Analysts at Natixis accept as true with that on…
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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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Gold is reversing its recent run to three-week tops of $1815, within the red for the primary time during a week. FXStreet’s Dhwani Mehta explains why downside appears more compelling for XAU/USD. See – Gold…
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“We highlighted yesterday ‘the rapid drop appears to be overdone but with no signs of stabilization just yet, GBP could test 1.3760 first before a recovery are often expected’. Our view wasn’t wrong as GBP dipped to 1.3758…
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