US economy has hit turning point
Fundamental Forex Analysis

US economy has hit turning point

In an interview with CNBC late Wednesday, White House (WH) Economic Adviser Larry Kudlow offered an upbeat outlook on the US economy. Key quotes “The stock market is presaging an upturn in the economy.”  “Expec...

EUR/USD ?????????? ?? ??????? 1.1090
Forex News

Mood improves, dollar remains strong

What you need to know on Friday, May 15th:  The American dollar remained the strongest, surging against most major rivals after US President Trump backed a stronger dollar. His words came just one day after Fed...

Australia: New data show that between March 14 March – April 4 jobs decreased by 6.0%
Forex News

Bulls taking on the Wall Street lead

Australian shares hold onto strong gains on lockdown optimism.  Energy, consumer discretionary and industrials have been the top performers. Australian shares have started out the week on the front foot as inv...

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

Event and fundamental risks weighing

Australian shares are down again on Thursday with trade wars and oil prices weighing. The financial and energy sectors were the biggest drags on the market The Australian share market is lower again on Thursd...

Coronavirus risks loom, USD bulls take a breather ahead of US Payrolls
Forex News

Scientists hail ‘groundbreaking’ discovery of antibody which prevents infection – SKY

As scientists from around the world rush to find a cure for the coronavirus, picking up on an article by SKY News, there is news of research into antibodies which target the SARS coronavirus and scientists have...

USD/JPY ???????? 2-????????? ????????
Forex News

Trade war themes hitting global equities

USD/JPY has been caught in the crossfire of a spat between US and China. Prolonged trade wars are a likely byproduct of COVID-19. USD/JPY is trading at 106.81 between a range of 106.66 and 107.06 in a slight...

Slipping into recession in 2020 – Standard Chartered
Forex News

ASX 200 Index bulls taking the baton towards key resistance

ASX 200 Index moving higher within Fib channel towards 38.2% level. Aussie CPI supporting sentiment and the index.  Financial and energy sectors have been the top performers. The major US indices fell overnigh...

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...

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....

USD/JPY ???????????? ?????? 108.70
Forex News

USD/JPY drops below 109.00 even as Asian equities rise

The dollar continues to lose ground on the US fiscal stimulus.  USD/JPY is trading below key average despite gains in the Asian equities.  The S&P 500 futures, however, are flashing red and calling caution ...