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Dollar and Yen ended as the strongest ones last week as global stock markets tumble. There were concerns over resurgence in coronavirus infections in Europe, with worries over a return to lockdown. Though, the US markets ended not too badly after Friday’s rebound. It’s still not clear if the overall

“The budget coming up on October 6 will be addressed at a 'unique' recession, said Australian Treasurer Josh Frydenberg while speaking at a news briefing in Canberra this Thursday. Additional quotes “Strategy is for a focus on a jobs-led recovery.” “Recession will dampen participation, productivity.

AUD/USD has reached into a supply zone and unless it can break the near term structure, the focus is on the downside. From a top-down analysis, the various structures are identified. Ahead of Chinese data to start the week, AUD/USD has reached higher within a supply zone but unless it can break out

Yonhap (South Korean media) cited a U.S. Department of the Army report, "North Korean tactics" published in July.    "Estimates for North Korean nuclear weapons range from 20-60 bombs, with the capability to produce 6 new devices each year"  "North Korea sought nuclear weapons because its leaders t

GBP/USD stayed in consolidation below 1.3185 last week and outlook is unchanged. Initial bias remains neutral this week first. Further rally is expected with 1.2982 support intact. On the upside, break of 1.3185 will extend the rally from 1.1409 to 100% projection of 1.1409 to 1.2647 from 1.2065 at

Loretta Mester, President and CEO of the Federal Reserve Bank of Cleveland, crossed wires during the early Thursday morning in Asia. Although her initial comments cited the US economic weakness, answers to the audience show the Federal Reserve (Fed) is away from the negative rate. Key quotes High-f

Commodity currencies are general under pressure today, following global stock markets lower. Record Q2 GDP contraction in Germany and US are weighing on sentiments. Rebound in jobless claims add to concern of double dip recession. US futures also tumble after President Donald Trump floats the idea o

Photo: Bloomberg The Moscow Exchange (MOEX) has announced on Friday the completion of its acquisition of a 17 percent stake in BierbaumPro AG, thus strengthening its position in the Russian forex (FX) market. The deal looks attractive as NTProgress is the wholly-owned subsidiary of BierbaumPro and

Gold spot: Bullish bias above 1811.50 Stay on top of the markets with Swissquote’s News & Analysis Pivot (invalidation): 1811.50 Our preference Long positions above 1811.50 with targets at 1820.50 & 1828.00 in extension. Alternative scenario Below 1811.50 look for further downside with

GBP/USD remains redundant between 1.2455/75 area following its U-turn from 1.2530. A bearish candlestick formation below 21-day SMA increases the odds of the pair’s further weakness. Bulls may seek validation from June 24 top before entry. GBP/USD takes rounds to 1.2470 amid Friday’s Asian session.

Having shown some resilience below 1.1200, EUR/USD regain some traction on Monday. The USD failed to benefit from coronavirus jitters and extended some support to the pair. The EUR/USD pair lacked any firm directional bias on Friday and seesawed between tepid gains/minor losses, ending nearly uncha

New Zealand Financial Minister Grant Robertson has crossed the worse saying that the coordination of fiscal, monetary policy is crucial.  Robertson has also said that he supports the Reserve Bank of New Zealand's decision to use alternative tools. The support was first put down in a letter of indem