Intra-Day Market Moving News and Views
Update Time: 31 July 2020 05:30GMT
EUR/USD - 1.1893... Although the single currency dropped to 1.1732 in European morning yesterday due partly to cross-selling of euro especially vs sterling, price erased its losses and gained to 1.1809 in New York morning on t
Listen to the latest market mood for the XAUUSD pair.
The rise in gold to take out all-time highs has been supported by the following three things:
A weak dollar. Fears of a fiscal cliff this week from the US are keeping the dollar weak on the session and this has bolstered gold.
In an interview with CNBC, late Wednesday, former Morgan Stanley Asia Chairman and Economist Stephen Roach warned of a likely second recession for the US economy while the Wall Street frenzy lead investors astray.
“The odds of a relapse, not just the virus but in the economy itself — the
NZD/USD seesaws near the intraday low of 0.6538.
Weekly symmetrical triangle restricts immediate moves.
A confluence of 200-bar SMA, 50% Fibonacci retracement offers strong support.
Bulls will need successful trading above 0.6600 to justify the momentum strength.
NZD/USD defies Friday’s recovery mo
Risk-aversion in Asia lifts the dollar bids, caps Gold’s upside.
Technical set up on the hourly chart suggests range trade.
US Retail Sales – a key decider amid incoming virus updates.
Gold (XAU/USD) settled almost unchanged above the $1810 level on Wednesday after witnessing another volatile se
Here is what you need to know on Wednesday, July 15:
The market mood is upbeat after Moderna reported progress in developing a vaccine for coronavirus. Concerns about the spread of the disease in America, the Bank of Canada's decision, and tensions around Hong Kong are eyed.
Moderna times: A vaccine
Stocks took a breather today after yesterday’s stellar Retail Sales report.
Futures were up overnight. But after the opening bell stocks dropped.
But unlike the last couple of days, the sell off was minor.
After finding some support, stocks made a slight recovery late morning and rallied into the af
GBP/JPY remains on the back foot near the lowest since June 01.
Risk barometers dwindle despite the recent pullback in US bonds yields, stock futures.
Japan’s Industrial Production, British data dump for April will be the key.
GBP/JPY stands on a slippery ground near 133.85, down 0.63% on a day, am
The June 9-10 FOMC meeting statement provided a very dovish perspective on the economy. It reinforced the severe damage from Covid-19 to both economic activity and the labor market.
The statement maintained the perspective that the pandemic will weigh heavily on economic performance in t
USD/JPY – EUR/JPY
USDJPY held 106.00/105.90 to try shorts at 106.40/50 with stops above 106.60...unfortunately we reached 106.65 but if you managed to hold shorts we sold off to 106.20.
EURJPY we wrote: severely oversold in the short term but gains are likely to be limited...Try shorts at 115.20/30
EUR/USD is on a bull run as the market hits the 1.1000 on an intraday basis.
The level to beat for bulls is the 1.1010 resistance.
EUR/USD weekly chart
Euro/Dollar is trading in a downtrend below its main SMAs on the weekly chart. However this EUR/USD turned higher and challenged the 1.1000 fig
Market Review - 28/04/2020 23:44 GMT
Dollar rebounds in New York on short covering ahead of FOMC The greenback went through a hectic session on Tuesday. Although dollar gave up early gains made in Asia and fell at European open on usd long liquidation as investors awaited U.S. Federal Reserve an