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EUR/USD: Here’s the next level to watch after the bearish breakout
- The EUR/USD suffered a bearish breakout after the weak US jobless claims data.
- More than 965,000 people filed for jobless claims last week.
- This increases the likelihood of a bigger stimulus by the Biden administration.
15th JanuarySugar prices on a 5-year high as BRL/USD surges
Markets roundup: Stocks plunge while gold and yen gain as Trump tests positive for COVID-19
Volatile financial markets have welcomed European traders and investors this morning after the U.S. President Donald Trump and his wife Melania had tested positive for coronavirus and went into quarantine. Trump tests positive Donald Trump confirmed on Twitter that he and his wife Melania are positive on COVID-19 infection.
October 2, 2020
Dollar index turns lower on profit taking
The U.S. dollar index (DXY) is trading around 0.4% lower today after it printed a 2-month high on Friday. Investors are most likely using this opportunity to book profits, while the greenback is likely to stay bid on persisting concerns over economic recovery ahead of a stream of economic data…
September 28, 2020
Here’s where USD/JPY price may trade in October
USD/JPY price is threatening to make a major bearish break below the $105 handle, following meetings of the Federal Reserves and Bank of Japan (BoJ). Fundamental analysis: BoJ steady, Fed pushes dollar higher The Bank of Japan held fire in this morning’s meeting on Tokyo to leave its…
September 17, 2020
USD/JPY price trades sideways as PM candidate Suga prefers to keep ultra-loose monetary policy
USD/JPY price closed the week nearly 1% higher as the price action continues to trade in the sideways manner. Yoshihide Suga, the incumbent Chief Cabinet Secretary of Japan and a clear frontrunner in a race to become the next PM, reiterated that he would prefer to keep Abe’s ultra-loose…
September 6, 2020