Japanese Yen Leads the Pack as Risk Sentiment Wanes
The Japanese yen resumed the ascent following three days of losses, as
the trade-deal euphoria abates in the global financial markets.
Investors start to doubt the US and China will manage to...
The US Dollar Moves into a ‘Wait-and-See’ Mode
The US Dollar appreciated on Tuesday against major rivals. The currency derived a decent support from stronger than expected ISM non-manufacturing data coupled with trade hopes. However, the bullish...
Why Crude Oil Bullishness Lacks Credibility?
Crude oil prices extend gains for a third day in a row on Tuesday. Brent has registered fresh late-September highs marginally below the $63 handle and stays in the upper...
Euro stuck in a range, no clear direction in sight
The common currency struggles for direction on Tuesday after a decent
drop at the start of the trading week. EURUSD has encountered a local
resistance in the 1.1180 area once again and...
AUDUSD inspired by RBA decision to take a pause in easing cycle
The
Aussie rallied steadily after the Reserve Bank of Australia left its
target overnight cash rate unchanged at a record-low 0.75% as expected.
As a reminder, the monetary authorities delivered 25-basis point...
Bitcoin stuck in a narrowing range, volatility pickup could be expected
After a brief dip on Sunday, Bitcoin derived some support from the 200-DMA once again and shows a mild bullish bias at the start of the trading week. The...
Trade optimism lifts shares and Chinese yuan to fresh highs
At the start of a new trading week, fresh positive headlines from the US-China trade front coupled with good US jobs data revealed on Friday fueled a widespread risk-on sentiment....
Sterling loses steam as BoE’s Super Thursday looms
The pound stays elevated but starts to show some signs of losing its bullish steam as traders are gradually shifting their focus to the Bank of England’s Super Thursday this...
Gold stands to gain further on trade uncertainty
After two days of decent gains, gold prices struggle for direction on Friday, with the bullion is hovering above the $1,510 handle. The precious metal looks set for another...
Dollar at a loss after mixed economic data
Earlier this week, the US currency was hit hard across the board after
the Federal Reserve cut rates and highlighted that it won’t even
consider the possibility of tightening unless inflation accelerates...
