GBP/USD gained follow-through traction for the second consecutive session on Tuesday. A modest USD rebound from lows capped gains amid growing fears of a no-deal Brexit. Investors might also refrain from placing any aggressive bets ahead of the FOMC … [Continue reading]
EUR/JPY clings to daily gains near 125.60, focus on US data
EUR/JPY extends the side-lined theme below the 126.00 mark. USD-weakness continues to support the upbeat mood in the cross. German, EMU Economic Sentiment surpassed estimates in September. The persistent selling bias around the greenback is allowing … [Continue reading]
EUR/USD sticks to the consolidative range – UOB
In opinion of FX Strategists at UOB Group, EUR/USD is expected to keep the 1.1750-1.1920 range unchanged in the next weeks. Key Quotes 24-hour view: “We expected EUR to ‘consolidate within a 1.1800/1.1870 range’ yesterday. However, it edged to a high … [Continue reading]
GBP/USD Price Analysis: 200-day EMA returns to the bears’ radars
GBP/USD drops 100-pips after rising to 1.2919 at the week’s start. Bearish MACD favors the sellers, 50% of Fibonacci retracement can offer immediate support. Bulls await a clear break of August month’s low to confirm entries. GBP/USD prints 0.20% … [Continue reading]
Cryptocurrency Market News: Bitcoin climbs above $10,700 after a significant breakout
Here is what you need to know on Tuesday 15, September BTC/USD had a bullish breakout towards $11,000 after trading sideways for the majority of the past two weeks. ETH/USD also bounced from a low of $350 and it’s eying up $400 again. … [Continue reading]
USD/JPY tumbles to two week lows near 105.50 as yen outperforms
Yen rises across the board despite risk appetite. US dollar continues under pressure, DXY drops below 93.00 The USD/JPY dropped further after the beginning of the American session and even as Wall Street indexes climbed to fresh highs. The pair … [Continue reading]
Moody’s affirms China’s A1 rating, maintains stable outlook
Moody’s Investors Services announced on Monday that it reaffirmed China's A1 rating with a stable outlook. "Over the longer term, China's credit strengths reduce risks related to ongoing tensions between the US and China," Moody's noted, as reported … [Continue reading]
S&P: India’s economy to tank 9% in FY21 due to COVID-19
Following Moody’s take on the Indian economy, S&P Global Ratings said that the Asian nation is likely to see a 9% contraction in its GDP in the fiscal year (FY) 2021 due to COVID-19.” Additional points “Rising COVID-19 cases in India will keep … [Continue reading]
China launches anti-subsidy probe on certain glycol ethers imports from US starting Sept 14
China’s Commerce Ministry said in a statement on Monday, it launched an anti-subsidy investigation on certain glycol ethers imports from the US, starting September 14. Last month, the Ministry launched an anti-dumping investigation on certain glycol … [Continue reading]
Japan trade deal commits UK to stricter state aid curbs than in EU talks – FT
While the Brexit drama is all over again, the UK’s discount to Japan, in terms of the recently signed trade deal, may recede the Tory diplomats’ negotiating stance during this week’s trade talks, as revealed by the Financial Times. Key quotes The … [Continue reading]