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USD/JPY keeps Friday’s losses directed towards a three-week-old support line near 105.50. S&P 500 Futures drops 0.15% as optimism concerning the US stimulus fade, challenges like Brexit, COVID-19 regain market attention. Japan’s Machinery Orders recovered in August, PPI slowed down in September.

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

Little support seen in cable as the fall under 1.30 continues The bill has caused a major ruckus among EU and UK lawmakers over the past week, and in turn has sent the pound into a tailspin as the decline continues today.   Cable is down 0.4% to a low of 1.2919 on a break below 1.3000 yesterday, wit

Photo: Coinbase Coinbase is going to allow it’s United States customers to borrow fiats with Bitcoin as collateral, the popular exchange and wallet platform announced on Thursday. The San Francisco-headquartered exchange has already started accepting customers and putting them on the waitlist so t

Photo: FM The Australian Securities and Investments Commission (ASIC) announced this Friday that it has cancelled the Australian financial services (AFS) licence of Global Merces Funds Management Limited (Global Merces). The licence cancellation became effective as of the 20th of July 2020. Accord

NZD/USD rally fizzles after stepping back from 0.6690. Risk-tone sentiment deteriorates with fresh Sino-US tension, virus woes, uncertainty over US fiscal plan also act as speed breakers. New Zealand’s GDT Price Index offered disappointment, RBNZ cited readiness to go slow on market intervention. A

The spot price of oil is firm in Asia, with bulls seeking a test of the $41 level. US COVID-19 cases are rising 2.0% v a 7-day average of 1.8%, markets ignore driving season implications.  West Texas Intermediate was little changed in European and US markets. US oil prices declined modestly with t

Selloff in Yen and Dollar intensifies mildly today while Australian Dollar and Euro are picking up some rally. Investors sentiments are generally lifted by better than expected PMIs. In particular, France and Australia appear to be back in expansion. European indices are trading higher while US futu

GBP/JPY portrays another pullback from 100-day SMA while stepping back from a four-day top. Fears of the coronavirus (COVID-19) second wave weigh on the market’s risk despite the upbeat performance of the UK’s Dexamethasone. UK inflation data, virus updates remain in the spotlight. GBP/JPY prints m