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AUD - Australian Dollar The Australian Dollar finished Friday evening below the 73 US cent handle as equity markets in the United States plunged once again into their third successive week of losses. Driven by a weakness in tech stocks, The AUD/USD fell from a high of 0.7324 midway through the North

The NZD finds buyers as Prefu sees a lower unemployment rate for the June quarter.  NZD/USD jumps 20 pips to hit session highs above 0.6720.  Risk-on could power stronger gains in the New Zealand currency.  The New Zealand dollar is drawing bids and pushing the NZD/USD pair with New Zealand's pre-e

Speaking on the Internal Market's Bill PM Johnson's plan to break international law would do 'unconscionable harm' to the UK's reputation. So, this is one of the major objections to the new bill. Others say it is wise to have a 'plan B' if the EU-UK trade deal fails to materialise.    All of thi

While speaking about the Reserve Bank of New Zealand’s (RBNZ) response to COVID-19, in Wellington, on Wednesday, Governor Adrian Orr said that he is not concerned on the NZD exchange rate. Earlier on in the day, he said that the central bank is preparing for additional monetary policy tools, signali

Gold draws support from renewed US-China tensions, risk-off mood.   Dollar rebound could cap gains but buy the dips to remain in play. Technicals warrant correction, US NFP to be the key decider? Gold (XAU/USD) built on the ongoing rally and refreshed all-time highs at $2075.32 on Friday before p

Photo: Reuters Goldman Sachs Group Inc. has promoted its long-serving executive Mathew McDermott, who has been with the US bank since 2005, to take on the role of head of digital asset markets. CNBC was the first to report the news exclusively. McDermott replaces crypto trader Justin Schmidt who w

Photo: FM Quebec’s Autorité des marchés financiers (AMF) has filed charges against Two forex brands and their owner who raised over $1 million through soliciting investors from Canada and elsewhere. The Canadian provincial regulator says Patrick Kerkhoven, Pank Trading Capital Inc. and M5 Forex Me

Photo: FM Marex Spectron has lured Thomas Texier to join the global commodities brokerage as Head of Clearing Services as it accelerates the expansion of its clearing business. Texier is joining the brokerage’s clearing franchise, tasked with further building the business across different sectors

In light of the recent price action, FX Strategists now forecast a probable move to the 0.7200 area in AUD/USD in the next weeks. Key Quotes 24-hoour view: “We expected AUD to consolidate and trade between 0.7100 and 0.7180 yesterday. While AUD traded sideways, the range of 0.7091/0.7162 was slightl

Sterling tumbles broadly today as another round of Brexit negotiations ended without making any significant progress. Though, Aussie is even weaker as traders are finally taking profits on this week’s strong rally. Swiss Franc, on the other hand, rebound strongly, particular against Euro as the lift

GBP/USD Cable is holding within narrow range below new 6-week high at 1.2767 in early Thursday's trading, after repeated close above 200DMA (Tue/Wed) generated bullish signal. On the other side, Wednesday's long-tailed Doji signaled that the downside is so far protected, but also pointed to indecisi

Monday’s risk-on rally in the US equities, in the wake of the optimism over the coronavirus vaccine and a breakthrough at the European Union (EU) Summit, downed the US dollar and benefited gold (XAU/USD). The yellow metal has turned the $1818.28 resistance into a support and is now testing nine-year

S&P 500 Futures defies Friday’s halt to a four-day winning streak. US dollar remains on the back foot amid rising virus numbers, fears of escalating US-China tension. US data, American traders’ return and the qualitative catalysts will be in the spotlight. S&P 500 Futures print 0.60% gains

Market Overview The past few sessions has begun to see a more constructive environment for risk emerging once more. The question is that after weeks of see-sawing sentiment, can this move be sustained? There is still a drip feed of positive economic data for June which has helped to counter the conc