Japanese Yen: USD/JPY May fall as Election Gives Way to Rising Covid Cases
The Japanese Yen may strengthen, causing USD/JPY to follow a falling wedge as election headlines fade away. The Covid situation continues to evolve across the globe and Yen strength may…
Read More »USD/JPY bulls losing conviction in the 105 area
USD/JPY was net flat overnight, drifting around 105.30 and is now firmly on the backfoot. At the time of writing, the pair is down some 0.13% and has
Read More »US Dollar May Rebound as Presidential Election Results Solidify
The US Dollar may rebound as markets ponder limited scope for fiscal and monetary stimulus after results of the presidential election solidify.
Read More »EUR/USD Price Analysis: Inches closer to September low above 1.1600
EUR/USD drops to 1.1638, the fresh low since September 28, during the early Monday. In doing so, the major currency pair respects Friday’s closing bel
Read More »ForexLive Americas FX news wrap: Back and forth but relatively subdued
Forex news for North American trading on October 23, 2020: Markets: – Gold down $2 to $1902 – US 10-year yields down 2 bps to 0.836% – S&P 500 up…
Read More »Gold to Retain Inverse Relationship to USD on Dovish Fed Guidance
The price of gold may continue to exhibit an inverse relationship with the US Dollar as the Federal Reserve retains a dovish forward guidance for monetary policy.
Read More »GBP/USD Weekly Forecast: GBP/USD, EUR/GBP Eyes Brexit Latest
GBP caught in the crossfires of back and forth Brexit headlines. Choppy trading conditions to persist.
Read More »USD/CAD Bullish Outside Day Price Formation Indicates Larger Rebound
USD/CAD may trade within a more defined range as the bullish outside day (engulfing) candle formation points to a larger rebound in the exchange rate.
Read More »Forexlive Americas FX news wrap: Oh Canada! Canada employment number surprise
Forex news for North American trading on October 9, 2020. Oh Canada! The US employment data was released last Friday, so Canada had all the attention to itself today when they released their jobs report…
Read More »GBP/USD Price Analysis: Bulls eye key resistance confluence above 1.2900 amid Brexit optimism
GBP/USD remains positive while rising to 1.2875, up 0.31% on a day, during Tuesday’s Asian session. The Cable recently benefited from news shared by T
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