FX Update – Ahead of NFP, USD finds a bid
The narrow trade-weighted USDIndex (DXY) posted a two-day high at 93.16, extending the rebound from the 27-month low seen yesterday at 92.53. EURUSD concurrently retreated to a 1.1819 low, which…
Read More »Gold Price Outlook: Pullback On The Cards Amid Escalating US-China Tensions
Gold prices may slide lower as RSI divergence hints at uptrend exhaustion and US-China tensions buoy the haven-associated US Dollar.
Read More »ForexLive Americas FX news wrap: Payrolls provide a dollar boost
Forex news for North American trading on August 7, 2020: Markets: – Gold down $32 to $2031 – WTI crude down 43-cents to $42.52 – US 10-year yields up 2.8…
Read More »USA credit rating outlook revised to negative from stable by Fitch
Bold move by the rating agency The rating was affirmed at AAA but lowered to negative from stable. That’s how you get yourself a lawsuit. What Fitch had to say:
Read More »Wall Street closes higher and above a key support level at the end of a tough week
It has been an interesting week for equities as some traders and investors remain unhappy that the US administration cannot agree on the latest corona
Read More »FX Update – July 29 – USD got a break but not for long
USDJPY, H1 The Dollar relief rally yesterday and dip today is consolidating the sharp declines seen over the prior 10 days. The narrow trade-weighted USDIndex has posted new 25-month lows…
Read More »Numerous uncertainties remain in play!
U.S. equity futures mildly higher . U.S. initial jobless claims rose 109,000 to 1.416 million in the week ended July 18. Click here to access the Economic Calendar Andria Pichidi Market…
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