Forex News

USD/JPY bears attack 107.00 amid risk-off markets

USD/JPY fails to extend the latest recovery moves. Risk-tone heavies as Fed Chair acknowledged economic pessimism, President Trump reiterated favors for negative rates. Fears of trade wars, virus wave 2.0 also ...

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Forex News

Bears await a sustained break below the double-top neckline support

GBP/USD struggled to build on the goodish intraday bounce from sub-1.2300 levels. The formation of a double-top supports prospects for an eventual bearish breakdown. Bears are likely to aim towards challenging ...

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Forex News

AUD/USD bears stepping-in as markets fear a spike in COVID-19 cases

Markets keeping a close eye on nations returning to work and the rise of COVID-19 cases. AUD/USD will trade as a proxy to how fast and cleanly the global economy can relax social distancing measures. AUD/USD...

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Forex News

Bears keep the reins around 106.00, seven-week low, Tokyo open in focus

USD/JPY remains depressed near the multi-day low. Trade war fears, downbeat US data exert downside pressure, hopes of economic restart check the bears from time to time. Japan begins the trading week, no major ...

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Fundamental Forex Analysis

USD/JPY bears flirting with multi-week lows, eyeing a sustained break below 106.00 mark

USD/JPY witnessed some heavy selling for the fourth straight session on Wednesday. The intraday bearish trajectory seemed rather unaffected by notable USD demand. Worsening US-China relations seemed to be a key...

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Forex News

Bears await a sustained break below 1.2400 mark

GBP/USD remained under some selling pressure for the second straight session. The set-up shifts back in favour of bears and supports prospects for a further slide. The GBP/USD pair extended its recent rejectio...

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Forex News

Bears attack 0.6400 as trade war fears spread faster

AUD/USD stays on the back foot around the one-week low. US President Trump, Secretary of State Mike Pompeo add fuel to the US-China trade war concerns. Gilead’s Remdesivir will be available to the coronavirus p...

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Forex News

Bears flirting with daily lows, descending channel support

GBP/USD edges lower along a short-term descending channel on hourly charts. Bears are likely to wait for some follow-through weakness below the 1.2500 mark. The GBP/USD pair maintained its offered tone through...

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Forex News

Bears eye a break below 107.00 amid risk-off, ahead of US ISM

USD/JPY turns south amid risk-aversion, fresh dollar selling. The spot clings onto 5-DMA support at 107.02. US ISM Manufacturing PM to wrap up a light trading day. USD/JPY is holding onto the 5-DMA support j...

AUD/USD ??????? ? ?????????????? ?????????? ?????? 0.6760
Forex News

Bears attacking 0.6500 after pullback from seven-week top

AUD/USD respects the seller’s entry near the multi-day high. Market sentiment dwindled amid downbeat macros, ECB’s lack of bold moves and US President Trump’s attack on China. Aussie PMIs can offer immedi...