AUD/USD remains subdued on Tuesday in the early European trading hours. The Australian dollar losses as an upsurge in the coronavirus delta variant continue. An uptick in US Treasury yields underpins the demand for the US dollar. AUD/USD manages to trade higher on Tuesday morning. The pair extends the overnight session’s gain, although faces some
FX
Hello fellow traders. In this technical blog we’re going to talk about Microsoft $MSFT stock and take a look at the charts presented in members area of the Elliottwave-Forecast. As our members know, Microsoft is showing incomplete bullish sequences , calling the further rally. The stock is bullish against the 268.66 low. Consequently, we advised
USD/INR looks to extend losses in the Asian trading session. Bulls face stiff resistance near the 74.50 critical resistance area. Momentum oscillator remains neutral indicates the wait-and-watch approach. USD/INR edges lower in the Asian trading hours as the fresh week begins. The pair opened higher but failed to preserve the momentum. At the time of
What you need to know on Monday, August 23: The dollar gave up some ground at the end of the week, but it’s the strongest currency across the FX board. The better performance of equities and bouncing government bond yields put a cap on the greenback’s demand. The main themes were the spread of the
EUR/GBP rises 0.22% on weak UK economic data. UK’s retail sales data drop 2.5% vs 0.4% expected. The short-term trend is up, however stronger UK economic data, supports the British pound. The EUR/GBP rises for the second day in a row, modestly gain 0.22%, trades around 0.8580. For the second week in a row, recovers
On the session, the USD/CHF is down 0.14%, trades around 0.9176. The daily chart supports the uptrend. In the case of a short correction, price will tend to favor buyers Daily chart The price is trading around 0.9170. The daily moving averages stand underneath the spot price, and support moves towards the upside, however, recent
As we head towards the NY close, the white-metal trades down 0.87%. The US dollar fell 0.06% as the American session unwinds. The US 10-year Treasury yield rise to 1.26%. Despite US dollar weakness, silver slides for the third day in a row, and trades around $23.06 down almost 1%. The US dollar index is
The US economy is expected to grow by 3.5% in the third quarter of 2021, the Federal Reserve Bank of New York’s latest Nowcasting Report showed on Friday. “News from this week’s data releases decreased the nowcast for 2021:Q3 by 0.3 percentage point,” the NY Fed explained in its publication. “Negative surprises from advanced retail
US 10-year Treasury yields print four-day losing streak. S&P 500 Futures fails to extend the previous day’s rebound. Virus woes escalate despite vaccine optimism, Japan stimulus. Market sentiment remains sluggish during early Friday as the coronavirus jitters continue to favor the safe havens. That said, the S&P 500 Futures drop 0.22% by the press time
USD/MXN hits 20.20 for the first time in a month. Pair moving with a bullish bias, at the 200-day simple moving average. The deterioration in market sentiment weakened the demand for emerging market currencies, among which is the Mexican peso that lost ground at a slower pace. The USD/MXN peaked at 20.20 on European hours,
AUD/USD sellers extend control as 0.7200 caves in. Dollar’s strength, risk-aversion knocks off the aussie. Upbeat Australian jobs data ignored amid covid jitters. The US dollar bulls remain unabated so far this Thursday, knocking off AUD/USD below the 0.7200 for the first time since November 2020. The July Fed meeting’s minutes ramped up tapering expectations
Commercial crude oil inventories in the US decreased by 3.2 million barrels in the week ending August 13, the weekly report published by the US Energy Information Administration (EIA) revealed on Wednesday. Analysts’ estimate was for a decrease of 1 million barrels. Market reaction Crude oil prices struggle to gain traction after this report and the barrel
Robinhood is a company that rarely sits still, so it’s perhaps unsurprising that its IPO is undergoing the same rollercoaster ride during its early days of life on the stock market. The investing app, indicated by its HOOD Nasdaq ticker symbol, has roared into life following a difficult start to life on its market debut.
EUR/USD continues to push lower in the American session. US Dollar Index rose above 93.00 on Tuesday. Greenback capitalizes on safe-haven flows as Wall Street’s main indexes decline. The EUR/USD pair extended its daily slide in the early American session and was last seen trading at a fresh daily low of 1.1727, losing 0.42% on
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet
The XAU/USD pair staged an impressive rebound in the second half of the previous week and managed to close in the positive territory. The risk-averse market environment on Monday, however, made it difficult for the pair to preserve its bullish momentum. As of writing, gold was down 0.45% on a daily basis at $1,771. The
Bearish risks continue to prevail in the EUR/GBP according to analysts at MUFG Bank. They hold the idea of shorting the cross with a target at 0.8320. They consider that positive developments regarding COVID reinforces the bullish outlook for the pound. Key Quotes: “We are maintaining a short EUR/GBP trade idea to reflecting building
GBP/USD Weekly Forecast: Sterling capped by looming Federal Reserve policy change Sterling stalls near the middle of its six-month range. UK economic data improves, promising an advance in the third quarter. Covid cases climb but future direction and impact are uncertain. FXStreet Forecast Poll is bullish but the gains are minor. Sterling declined on the