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Forex News

AUD/USD stalls recovery near 0.6540, focus shifts to Australian jobs

AUD/USD stalls recovery as USD rebounds with Treasury yields. Broad commodities sell-off weighs on the resource-lined AUD. Eyes on US and Australian coronavirus stimulus package for fresh directives. Having...

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Forex News

Rally stalls as ECB rate cut bets rise, Eurozone CPI eyed

Euro’s upward momentum has weakened on dovish ECB expectations.  Markets think the central bank would cut rates by 10 basis points next week.  A below-forecast Eurozone inflation would bolster the rate cu...

Indonesian Consumer Confidence drops sharply to 121.7 in Jan, Rupiah stalls the upside
Fundamental Forex Analysis

Indonesian Consumer Confidence drops sharply to 121.7 in Jan, Rupiah stalls the upside

The latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, showed that the country’s Consumer Confidence Index worsened to 121.7 in January when compared to 126.4 booked in December. FX Im...

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Forex News

Bounce stalls at trendline hurdle

EUR/USD is pressing into key trendline hurdle on the 4-hour chart.  Indicators and daily candles are reporting early signs of bullish reversal.  EUR/USD is currently trading at 1.1029, having hit a high of 1.1...