ASIAN STOCK MARKET: TRADES MIX AS S&P 500 LOSES TRACTION AHEAD OF FED POLICY, OIL SEES $100.00 Asian equities have displayed a mixed performance as investors are turning cautious ahead of Fed policy. A downbeat performance of various US...
ASIAN STOCK MARKET: TRADES MIX AS S&P 500 LOSES TRACTION AHEAD OF FED POLICY, OIL SEES $100.00 Asian equities have displayed a mixed performance as investors are turning cautious ahead of Fed policy. A downbeat performance of various US...
AUD/USD RETREATS FROM MONTHLY HIGH BELOW 0.7000 ON DICEY MARKETS, AUSSIE INFLATION, FED EYED AUD/USD eases from five-week top, pares recent gains amid sluggish session. Growth concerns, pre-Fed chatters join anxiety ahead of Australia Q2 CPI to tame the...
USD/TRY PRICE ANALYSIS: RISING WEDGE, RSI DIVERGENCE TEASE BEARS BELOW 18.00 USD/TRY grinds higher inside a bearish chart pattern. RSI fails to back higher low on prices, suggests bull’s exhaustion. 50-HMA adds strength to the support, buyers can aim...
ASIAN STOCK MARKET: TRADES MIX AS S&P 500 LOSES TRACTION AHEAD OF FED POLICY, OIL SEES $100.00 Asian equities have displayed a mixed performance as investors are turning cautious ahead of Fed policy. A downbeat performance of various US...
USD/CAD PARES LOSSES AROUND 1.2850 AS OIL RETREATS, FOCUS ON US CONSUMER CONFIDENCE, FED USD/CAD picks up bids to consolidate daily losses, stays on the bear’s radar for the second consecutive day. Recession fears weigh on oil prices, US...
GOLD FUTURES: PROBABLE REBOUND ON THE CARDS According to advanced prints from CME Group for gold futures markets, open interest retreated for the third session in a row, this time by around 5.7K contracts. Volume followed suit and shrank...
JAPAN RAISES ECONOMIC VIEW, SIGNALS BROADER RECOVERY Japan upgraded its overall view on the economy for the first time in three months in July, signalling a broader recovery in economic activity as the drag from the COVID-19 pandemic continued...
GBP/USD PRICE ANALYSIS: PULLBACK REMAINS ELUSIVE UNLESS BREAKING 1.1970 SUPPORT GBP/USD retreats from monthly high during the four-day uptrend. Sustained trading beyond 21-DMA, weekly support line keeps buyers hopeful. Downward sloping resistance line from mid-April lures buyers. GBP/USD pares...
CRUDE OIL FUTURES: FURTHER UPSIDE IN THE PIPELINE Considering flash data from CME Group for crude oil futures markets, traders added around 1.4K contracts to their open interest positions on Monday, reaching the fourth consecutive daily build. Volume, instead,...
NZD/USD CORRECTS TO NEAR 0.6260 AS INVESTORS TURN CAUTIOUS AHEAD OF FED POLICY NZD/USD has slipped to near 0.6260 as investors are trimming longs in risky assets ahead of Fed policy. It is highly likely that the Fed will...