COVID-19 Update: We await Aussie data, China six new coronavirus, Moderna hopes revived
With US virus cases spiking and the death toll mounting, more on that here, Coronavirus Update: Texas hospitalizations mark daily record with 10,745 i
Read More »Sterling in the Cross-hairs today
GBPUSD, H1 UK data today has continued the pressure on Sterling, with the UK economy rebounding less than expected in May. Overall GDP lifted 1.8% m/m, compared to Bloomberg consensus…
Read More »S&P 500 Retraces at Key Resistance, Hang Seng Faces a Pullback
The S&P 500 index dropped nearly 1% overnight as tech stocks plunged. Asia-Pacific equities are set to follow lower. Singapore’s 2Q GDP fell -12.6% year-on-year.
Read More »S&P 500: Futures print mild gains above 3,150 amid mixed clues
S&P 500 Futures consolidate Monday’s losses around 3,155, up 0.15% on a day, during the initial hour of Tokyo open on Tuesday. The US equity derivativ
Read More »FX Update – Risk On Ahead of Earnings Season
AUDUSD & XAUUSD, H1 Risk-on positioning has seen the Dollar and Yen soften in currency markets. The narrow trade-weighted USDIndex fell below Friday’s low at 96.44 on route to 96.32….
Read More »EUR/USD Price Analysis: 200-week MA is a stiff resistance
EUR/USD bulls need a break above the 200-week SMA. The average has been capping gains since the end of May. EUR/USD is trading near 1.1310 at press t
Read More »Here’s a EUR/USD forecast (to 1.15) with the ECB expected to be optimistic this week
The European Central Bank meet this week, preview below. – Meeting Thursday 16 July 2020 – Policy announcement at 1145GMT (policy likely unchanged) Euro forecast via Danske (this from late…
Read More »Events to Look Out for Next Week
An interesting week is coming up, packed with economic data and political developments, as next week’s EU summit highlights that the EUR 750 bln recovery fund proposed by the European…
Read More »New Zealand Dollar Outlook: GBP/NZD, EUR/NZD, NZD/CHF Levels to Watch
The GBP/NZD, EUR/NZD exchange rates seem poised to reverse their respective 4-month downtrends as NZD/CHF struggles at key resistance.
Read More »GBP/USD Weekly Forecast: GBP Cheers Stimulus, Rally at Risk of Stalling
A plethora of UK data, however, external factors remain the key driver as GBP/USD edges towards 200DMA.
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