NZD/USD pushes higher after testing 0.6500 on Tuesday. US Dollar Index drops below 96.00 amid positive market sentiment. Industrial Production data will be featured in the US economic docket. The NZD/USD pair dropped to 0.6500 on Tuesday but closed the day flat at 0.6540. With risk-on flows starting to dominate the financial markets on Wednesday,
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Gold bulls catch a breather near the weekly top around $1,810. US President Trump signed a bill to punish China for the Hong Kong security law. Vaccine news, equity earnings keep the optimism alive. BOJ, risk catalysts will be in the spotlight amid a light calendar. Gold drops to $1,808.30 during the pre-Tokyo open Asian
EUR/USD keeps the firm note in the 1.1365/70 band on Tuesday. A move north should see the 1.14 neighbourhood revisited. EUR/USD is prolonging the rebound from Friday’s lows near 1.1250, managing well to retake last week’s tops in the 1.1370/80 band. If the buying bias picks up pace, there is increasing chances of a move
AUD/USD attempts recovery from 0.6938 after a three-day losing streak. Risk-positive headlines, concerning virus and Sino-US relations, recall the early-Monday optimism. Aussie NAB Numbers, Chinese Trade Balance and the US Inflation data to join risk catalysts for fresh directives. AUD/USD retraces the heavy drop from 0.6995 to 0.6938 while bouncing off to 0.6943 amid the
EUR/JPY is reversing the recent pessimism and regains poise on Monday. The next stop on the upside emerges at last week’s peaks around 122.00. Following two consecutive daily pullbacks, EUR/JPY has managed to reclaim buying interest and advance beyond the 121.00 yardstick at the beginning of the week. If the buying interest picks up pace
Gold prices fail to keep the late-Friday pullback from $1,794. S&P 500 Futures cheer the hopes of further stimulus. Coronavirus conditions continue to worsen, Sino-American tussle become intensifies. Gold prices take rounds to $1,800, currently around $1,799.40, during the pre-Tokyo open Asian session on Monday. The bullion remains pressured following the two-day losing streak amid
After gold prices hit an eight-year high on Wednesday this week, consolidation took over. Investors saw the US dollar gain traction following the majestic price action on Thursday. This created some turbulence for the precious metal especially with the ten-year United States Treasury yield diving sharply to 60-basis points in addition to ending the session
USD/JPY is trading 0.25% lower in a mixed session for the dollar on Friday. The pair has been in a 2 big figure range for a month now. USD/JPY 4-hour chart USD/JPY seems stuck in a sideways range. In historical terms, if there was this much uncertainty in the world the yen would be going
AUD/USD is trading 0.21% lower on Friday. There is a big consolidation period between 0.7064 and 0.6775. AUD/USD 4-hour chart AUD/USD is in full consolidation mode at the moment. The key level now on the upside is the yellow horizontal line at 0.70. If the resistance breaks then the red high on the chart of 0.7064