AUDUSD welcomes a stimulus package deal in the US
On Wednesday, the AUDUSD
pair opened in the green zone below the 0.6000 mark and continued its
rally. The major gained nearly 100 pips and surged towards 0.6050 amid
the weakened USD...
Senate and White House strike a deal on relief package
On Wednesday, risk sentiment got boosted again as the US Senate and White House finally
agreed on the coronavirus relief package. In response, the US Dollar
weakened and declined to the mid-101.00...
Canadian dollar struggles despite a weaker USD
The Canadian dollar remains around early-2019 lows despite the downside momentum has slowed somewhat these days. USDCAD was rejected from the high of 1.4664 last week and has settled around...
Gold continues its march north in responce to the Fed’s steps
On Tuesday, gold
prices continue the upsurge despite risk recovery in the global
financial markets. Having opened the day below the $1,5600
mark, gold rallied to the $1600 region. Bulls seem to have strengthened
their positions...
Investors are cheering the Fed’s unlimited QE program
On Tuesday, markets were impressed by the news from the Fed and witnessed risk recovery. The US stocks futures rallied in tandem with the US Treasury yields while the
Japanese indices gained over 7%....
Bitcoin bounces from lows. Will the recovery be sustainable?
After an earlier dip towards five-day lows around $5,600, bitcoin has bounced sharply and regained the $6,000 key level on Monday. During the local rally, the cryptocurrency got back above...
Euro: upside limited amid dollar demand
The euro made some recovery attempts early on Monday but was rejected from the intraday highs around 1.0770 and got back below the 1.07 handle as the upside potential remains...
USDJPY slides as the US Senate refuses the coronavirus bill
On the first trading day of the week, the USDJPY pair
lost ground, dropped from the 110.80 region and eroded the key 110.00
psychological mark. The major recovered some points however continued...
Oil prices bounce but upside limited
Oil prices have been in a recovery mode since Thursday. Brent crude attracted demand at multi-year lows and briefly jumped above the $30 important handle during the last trading day...
Gold rallies from four-month lows, back above $1,500
After finding decent support around $1,450, where this year lows lie, gold prices bounced along with risky assets on Friday. Stocks around the globe switched into a recovery mode while...
