Clemens

Gold refrained from extending the previous day’s losses from three-week top. China’s dislike of US arms push to Taiwan, COVID-19 updates and American President Trump’s health recovery recently gained market attention. Wall Street cheered tech-rally, ignored fears of further US stimulus stalemate. Tr

Daily Pivots: (S1) 105.46; (P) 105.82; (R1) 106.08; USD/JPY drops sharply today but stays in range of 105.10/107.05. Intraday bias remains neutral first. On the downside, break of 105.10 will bring retest of 104.18 low first. Break there will resume whole decline from 111.71. On the upside, break of

The Federal Statistical Office or Destatis has released German retail sales data for July at 02:00 am ET Wednesday. The euro edged up against its major rivals after the data. The euro was trading at 1.1913 against the greenback, 126.30 against the yen, 1.0848 against the franc and 0.8901 against the

Industrial production in South Korea gained a seasonally adjusted 1.6 percent on month in July, Statistics Korea said on Monday - shy of expectations for an increase of 1.9 percent and down from 7.2 percent in June. On a yearly basis, industrial production sank 2.5 percent - again missing forecasts

USD/JPY was the only major pair to see dollar improvement this week after rising from 105.92 to 106.60 amid improved US statistics while Japanese data for July weakens economic outlook and the yen. Joseph Trevisani, an analyst at FXStreet, expect the pair to continue its climb as the yen bucks the t

Daily Pivots: (S1) 124.42; (P) 124.96; (R1) 125.57; EUR/JPY’s strong break of 125.58 indicates resumption of whole rise from 114.42. Intraday bias is back on the upside. Next target is 100% projection of 114.42 to 124.43 from 119.31 at 129.32. On the downside, break of 124.31 support is needed to in

AUD - Australian Dollar The AUD continued to test new highs through trade on Wednesday, pushing back through 0.72 amid hopes a COVID-19 vaccine will be available sooner than first estimated. Having struggled to break above 0.7180 through the domestic session the AUD found support overnight, surging

Photo: Bloomberg The voluntary administrators of Union Standard International Group Pty Limited (USGFX), BRI Ferrier (NSW) Pty Ltd, have been granted an Order by the Federal Court of Australia to extend the convening period until the 18th of September 2020. Under the Australian Corporations Act 20

US DOLLAR INDEX The dollar index fell to the lowest since Sep 2018 on Monday, as rising tensions between the US and China sparked fresh selling. Bears broke through key Fibo support at 94.12 (Fibo 61.8% 2018/2020 ascend from 88.14 to 103.80) and cracked another strong support at 93.78 (top of thick

German consumer confidence is set to improve in August, survey data from market research group GfK showed Thursday. The forward-looking consumer sentiment index rose to -0.3 points from revised -9.4 in July. The expected reading was -5.0. Gfk said German consumers are gradually putting the coronavir

USD/JPY keeps Wednesday’s European session downside break of 107.00. Optimism surrounding virus vaccine confronts worsening situations in the US and Tokyo. BOJ held monetary policy intact, cited economic fears in the quarterly outlook. No major data/events from Japan but numbers from China, Australi

The Switzerland stock market ended weak on Tuesday after languishing in the red right through the session amid rising concerns about the rapid spread of coronavirus infections and fears of another large scale lockdown across the world. Renewed concerns about U.S.-China tensions hurt as well, prompti