Australia's jobless rate could rise to 11%
Fundamental Forex Analysis

Leading Index remains at recession levels – Westpac

According to Bills Evans at Westpac, the Westpac- Melbourne Institute Leading Index growth rate remains in deep negative territory consistent with an economic recession, despite the sight improvement. Key quote...

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Fundamental Forex Analysis

Economy to return to pre-crisis levels only in 2022

The latest Bank of France economic forecasts showed that the economy will likely take two years to return to its pre-coronavirus pandemic growth. Key highlights “French economy to contract 10.3% in 2020, ...

High frequency indicators show a tick up in economic activity, though it remains well below normal levels
Fundamental Forex Analysis

High frequency indicators show a tick up in economic activity, though it remains well below normal levels

New Zealand’s (NZ) Treasury is out with its monthly economic indicators report, with the key highlights found below. New Zealand moved to Alert Level 3 on 27 April, allowing many businesses to reopen.  High fr...

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

Confined to a range defined by Fibonacci levels

The EUR/USD pair has been confined to the same range defined by Fibonacci levels since last Wednesday, with attempts to leave the area being quickly reverted, NDDFX’s Chief Analyst Valeria Bednarik reports.  Ke...

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Forex News

GBP/USD plummets to over 6-month lows, sub-1.2100 levels

GBP/USD comes under some fresh bearish pressure amid a broad-based USD strength. A strong rebound in the US bond yields triggered some aggressive USD buying interest. The UK’s controversial approach on combatin...

GBP/USD ????????? 1.3000
Forex News

Cluster of massive levels offer support after Fed announcement

GBP/USD has fallen around 1.7% after some serious USD strength earlier in the session. Now there is a key support level shown on the chart below. GBP/USD daily chart GBP/USD has fallen heavily today after the ...

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Forex News

Won’t comment on forex levels – Reuters

The G20 finance ministers and central bankers meet in Saudi Arabia over the weekend and Japan Finance Minister Aso is expecting the G20 to discuss the impact of new coronavirus outbreak. Key comments G20 will ...

GBP/USD ????????? 1.3000
Forex News

GBP/USD trapped between key Fibonacci retracement levels and conflicting fundamental foundations

It is a toss-up for fiscal stimulus and EU/UK negotiations to kick-off next month for GBP traders.  GBP/USD testing critical support area in a rising channel, capped by 61.8% Fibo retracement level.  On a week...

AUD/USD ????????? ? ?????????? ?????????? ????? 0.6882
Forex News

RBA is the main event, 0.6710 and 0.66 are key levels

AUD/USD on thin ice into the RBA even tonight. AUD/USD bulls looking for buy-in through 0.6710 stops while bears look to 0.66 the figure. In a nervous start to the week with China returning and on Reserve Ban...

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Forex News

Inflation will hover at present levels over the next 12 months

During a scheduled speech this Monday, Vice-President of the European Central Bank (ECB) Luis de Guindos said that inflation will hover at present levels over the next 12 months. Additional quotes: Wage growth...