NZD/USD Rate Vulnerable Following RBNZ as RSI Snaps Bullish Formation
NZD/USD may continue to give back the advance from the start of the month as the Relative Strength Index (RSI) snaps the upward trend carried over from March.
Read More »Goldman Sachs CEO Solomon still sees a V-shaped recovery for the US economy
The GS head was speaking at a Bloomberg event – "This crisis has had a profound impact on the economic environment that we’re operating in" Solomon did hedge aroiund though:
Read More »USD/ZAR Price Analysis: Again reverses from 50-day EMA, 38.2% Fibonacci retracement
USD/ZAR marks another U-turn from key resistance around 17.50 as it declines to 17.41 during the early Asian session on Thursday. In doing so, the quo
Read More »More Stress for Sterling
GBPUSD & EURGBP, H1 Sterling came under pressure from the London open, pressing lower against both the Dollar and Euro, among other currencies. Cable turned below 1.2500 after earlier posting…
Read More »PBOC sets Yuan reference rate at 7.0555
The People’s Bank of China (PBOC) has set the yuan reference rate at 7.0555 versus Tuesday’s fix at 7.0671. The central bank has injected liquidity wo
Read More »USDJPY – 6-day high to 6-week low
USDJPY, H1 USDJPY dipped from levels just under 107.00 to a low of 106.74, and then rallied to a six-day high at 107.22 during the European session, following the Navarro…
Read More »PBOC sets USD/ CNY reference rate for today at 7.0555 (vs. yesterday at 7.0671)
Onshore yuan central rate from the People’s Bank of China for the session ahead. Stronger CNY again in line with the moves for the USD overnight. – USD/CNY is permitted…
Read More »Hang Seng Index Challenges Key Resistance, Gold Prices Climb
The Hang Seng Index stock market benchmark is set to challenge a key resistance level at 25,000. The Singapore’s Straits Times Index consolidates on election news. Gold climbs.
Read More »Italian 10-year bond yield drops to lowest since March
Italian government bond yields on Monday fell to the lowest level since March, leading the decline in borrowing costs across the Eurozone, seemingly o
Read More »FTSE China A50 Gains With Crude Oil, Gold Prices Attempt Breakout
Asia-Pacific stocks are set to open higher following a decent rebound in US indices overnight as crude oil prices climbed to a three-month high. Gold prices attempt to break out…
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