Gold clings to gains near session tops, above $1720 level ahead of US data
Fundamental Forex Analysis

Gold clings to gains near session tops, above $1720 level ahead of US data

Worsening US-China relations assisted gold to build on the overnight bounce from two-week lows. Some renewed USD weakness provided an additional boost to the dollar-denominated commodity. The positive move seem...

Australian PM Morrison announces to lift restrictions on elective surgery
Forex News

holding in familiar territory, bid on commodities

Commodities are performing well, supporting the ASX 200 Index. NWH is the strongest (+8.47%) and DMP is the Weakest (-5.38%).  After a flat start in the Australian share markets on the heels of a mixed sessio...

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Forex News

NZD/USD in a dubious position on the charts, bears are lurking

NZD/USD pulled higher, watching for RBNZ dovishness. Oil extended its gains to a high through $18 which dragged commodities higher. NZ unemployment will increase to 11% and GDP will be 8-10% lower this year. N...

Australian PM Morrison announces $38 bln, second stimulus measures to combat the coronavirus impact
Forex News

Bleeding from the 38.2% Fib, fresh bearish impulse underway

Commodity markets leading the way in terms of sentiment weighing on global stocks and economic outlook. ASX 200 a touch away from 5090s target within the current support structure which bulls will seek to hold....

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Forex News

AUD/USD to struggle with USD demand and falling commodities

Australia showing signs of optimism for the economy, but there is a hard landing on the horizon first.  AUD/USD will suffer from a slump in global demand and hamstring by the USD. AUD/USD is trading at 0.6287...

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Forex News

Dollar may remain bid on oil price crash

EUR/USD fell in Asia as markets sold risk.  Markets focus on the negative effect of Monday’s oil price crash. Dollar is likely to extend gains on risk-off mood.  EUR/USD suffered losses in Asia and could...

NZD/USD ???????? ? ????? 0.6550
Forex News

NZD/USD bulls sit tight, supported by domestic COVID-19 recovery hopes

NZD/USD holds in positive territory despite a rout in oil prices. The CRB Index fell to the lowest levels since 1999. Kiwi bounced strongly on yesterday’s confirmation that lockdown level 4 will end next week....

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Forex News

Mild-optimism weighs on the greenback

What you need to know on Monday, April 20th: The greenback softened at the end of the week amid a better market mood. The positive sentiment was triggered by US President Trump, who unveiled a three-phase appr...

EUR/USD ????????? ?? 1.1030
Forex News

Dollar the strongest as risk aversion rules

Here is what you need to know on Monday, April 6th: Risk aversion leads the way. The coronavirus pandemic continues to take its toll on economic developments, with the US losing 701,000 jobs’ positions in Marc...

AUD/NZD downside opening up as COVID-19 risk-off prevails
Forex News

AUD/NZD downside opening up as COVID-19 risk-off prevails

The COVID-19 spread is bearish for the cross. Rallies in the cross will be difficult to sustain multi-week. AUD/NZD drifted down 40 pips to 1.0260 overnight and is steady in an oddly quiet Asia on Thursday as ...