Stilwell
Not FX, but a useful read on how COVID-19 appears to spread - an overlooked variable?
An interesting (albeit long) read from The Atlantic titled: This Overlooked Variable Is the Key to the Pandemic
there is a potential, overlooked way of understanding this pandemic that would help answer these questions, reshuffle many of the current heated arguments, and, crucially, help us get
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 105.30; (P) 105.50; (R1) 105.76;
Intraday bias in USD/JPY stays neutral for consolidations below 105.70 temporary top. Further rise is in favor as long as 104.92 minor support holds. Break of 105.70 will resume the rebound from 104.00 short term bottom to 55 day EMA (now at 105.98
Going short on AUDUSD
#AUD/USD#
We can see that initially price broke out of a wedge and went straight to the top of the ascending channel only to get rejected down and out of the channel. A possible re-test to re-enter the channel should fail and price will continue its momentum down. We see how far this
NZD/USD: A sustained move above 0.6660 is not favoured – UOB
Further upside in NZD/USD is not ruled out, although a convincing move above 0.6660 remains unlikely in the short-term horizon, suggested FX Strategists at UOB Group.
Key Quotes
24-hour view: “Our view for NZD yesterday was ‘here is scope for NZD to edge above the strong resistance at 0.6620’ but ‘t
USD/CHF rests near 0.9150 after biggest daily gain since March
USD/CHF consolidates on Wednesday's 1.2% rise - the biggest daily gain in five months.
Fed minutes dashed hopes for additional measures like yield curve control.
USD/CHF is trading near 0.9155 at press time, having gained over 1.2% on Wednesday – the biggest single-day gain since March 19.
The o
USD/CAD Price Analysis: Bulls eye weekly descending triangle confirmation above 1.3200
USD/CAD eases from the resistance line of a short-term bullish chart formation.
100 and 200 HMAs add to the upside filters.
A downside break below 1.3190 will recall the bears targeting 1.3100.
USD/CAD fades upside momentum while easing to 1.3222 during the pre-Tokyo open Asian trading on Tuesday.
Japan Capital Expenditure Rises Less Than Estimated In Q1
Japan's capital expenditure grew less than initially estimated in the first quarter as the coronavirus pandemic hit the economic activity severely, revised data from the Ministry of Finance showed on Monday.
Investment in plant and machinery grew only 0.1 percent on a yearly basis instead of 4.3 per
Invast Global Launches Index CFD Based on Cboe’s VIX Futures
Photo: FM
Prime brokerage services provider Invast Global recently announced that it launched a new Index contract for difference (CFD) product based on the Volatility Index (VIX) futures contract offered by Cboe Futures Exchange.
VIX futures product was launched on the Cboe Futures Exchange in 20
Arun Lakhani Joins Equiti Capital
Photo: Finance Magnates
Former Gold-i executive Arun Lakhani, who had left the MT4/MT5 integration specialist earlier this month as Finance Magnates reported, has joined Equiti Capital UK as a partner solutions manager.
Equiti Capital UK is the FCA-regulated arm of global FX broker Equiti Group.
U.S. Stocks Pull Back Off Best Levels But Close Mostly Higher, Nasdaq Sets New Record High
Stocks moved mostly higher during trading on Tuesday, extending the upward move seen over the course of the previous session. With the continued advance, the tech-heavy Nasdaq reached another new record closing high.
The major averages pulled back off their best levels in late-day trading but remain
South Korea Jobless Rate At 10-Year High
South Korea's unemployment rate rose to a ten-year high in May as firms reduced hiring amid coronavirus pandemic, figures from Statistics Korea showed on Wednesday.
The jobless rate rose to a seasonally adjusted 4.5 percent in May from 3.8 percent in April. In the same month last year, the unemploym
Pull-up Update
