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Forex News

Firmer below key resistance area

EUR/GBP posts mild gains following Friday’s bullish candlestick formation. 61.8% Fibonacci retracement and 50/200-day SMA restrict immediate upside. While justifying Friday’s bullish Doji, EUR/GBP rises 0.14% ...

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Forex News

RBA buys A$3 bln in government bonds on Thursday, AUD/USD stays firmer above 0.59

In lieu of its quantitative easing (QE) program, the Reserve Bank of Australia (RBA) bought A$3 billion in government bonds. The central bank said it purchased bonds maturing in May 2021, Dec 2021, July 2022, N...

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Forex News

EUR/USD firmer, challenges weekly highs above 1.0860

EUR/USD moves higher to the 1.0860/65 band on Tuesday. The offered bias stays unchanged around the dollar. COVID-19 fears keep driving the price action in the global markets. The shared currency is extending t...

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Forex News

ECB announced strategic review, dollar firmer

Here is what you need to know on Friday, January 24th: Continued concerns about the coronavirus spreading beyond China maintain financial markets in risk-off mode. The dollar benefited from the negative sentim...