Sabina

Gold trades around a multi-month bullish trendline for the ninth straight day.  The Sept. 8 low is now the level to beat for the bears.  Gold is flirting with a six-month-rising trendline for the ninth consecutive trading day.  At press time, the metal is trading just short of the ascending trendli

USD/CAD struggles for a clear direction while keeping the 1.3153-1.3197 range. Sustained trading beyond 200-HMA favors the bulls. The key Fibonacci retracement levels add barriers to sellers’ entry. USD/CAD takes rounds to 1.3175 during the early Asian session on Tuesday. In doing so, the loonie pa

EUR/JPY stayed in consolidation pattern between 124.44/127.07 last week. Initial bias stays neutral first and another rise remains in favor as long as 124.44 support holds. Firm break of 127.07 will resume larger rise from 114.42, to 128.67 fibonacci level. However, firm break of 124.44 should, at l

GBP/USD seesaws in a choppy range between 1.3091 and 1.3107. Overbought RSI, bearish MACD favor the sellers, a sustained trading past-10-day EMA lures the buyers. Bulls will have multiple upside barriers beyond 1.3100. GBP/USD picks up the bids near 1.3100, up 0.10% on a day, during the early Monda

Daily Pivots: (S1) 1.2992; (P) 1.3072; (R1) 1.3135; GBP/USD is staying in range of 1.2982/3185 and intraday bias remains neutral first. Further rise could still be seen as long as 1.2982 support holds. Break of 1.3815 will target 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303. However, br

The Australian stock market is declining on Friday following the weak cues overnight from Wall Street after the release of some disappointing U.S. economic data and amid rising U.S.-China tensions. Worries about the rising number of coronavirus cases in Victoria also weighed on the markets. Stocks a

Photo: Reuters The Financial Industry Regulatory Authority (FINRA) recently announced that it has fined Citadel Securities $700,000 for allegedly breaching FINRA Rule 5320 (Prohibition Against Trading Ahead of Customer Orders) and FINRA Rule 6460 (Display of Customer Limit Orders). According to a

S&P 500 Futures probe 12-day top with eyes on February month peak. Hopes of further stimulus, upbeat global data favor equity bulls. Fears of the virus, trade/political tension compress the optimism. S&P 500 Future rises to 3,177, up 0.15% on a day, as markets in Tokyo open for trading on T

AUD/USD’s path of least resistance is to the upside. The spot charts symmetrical triangle breakout on hourly sticks. A test of 0.70 likely, as focus shifts to US Services PMI, RBA. AUD/USD broke the recent 50-pips range trade to the upside on Monday, helped by the risk-on market mood, as the glob

The Federal Reserve (Fed) bought corporate bonds worth $1.3 billion in the week ended July 1, taking the tally to $10.01 billion, Fed data released on Thursday showed, according to Reuters.  Meanwhile, the central bank purchased $16 billion worth of US Treasuries, boosting its government bond holdin

USD/CAD keeps recovery moves from 1.3315 despite flashing modest gains on intraday. WTI pullback, market’s consolidation of the FOMC-led moves seem to play their roles. US PPI, Sino-American tussle and other qualitative catalysts should also be watched for fresh impulse. USD/CAD carries the late-US