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GBP/USD Price Analysis: Bears can ignore pullback beyond 1.2800
GBP/USD retraces from the lowest in one week to regain 1.2800.
Bearish MACD, monthly falling trend line keeps the sellers hopeful.
Two-month-old horizontal support becomes the key, 1.3010/15 adds to the upside barriers.
GBP/USD bounces off an intraday low of 1.2803 to 1.2817 during Tuesday’s Asian
Europe Passenger Car Sales Log Double-Digit Decline: ACEA
Europe's passenger car sales logged a double-digit decline in August, data from the European Automobile Manufacturers Association, or ACEA, showed Thursday.
Car registrations decreased 18.9 percent year-on-year, following a 5.7 percent drop in July.
Among 27 member states, only Cyprus reported an an
AUD/JPY: Cautious sentiment probes three-day winning streak above 76.50
AUD/JPY struggles to keep the bounces off 76.59 after stepping back from the monthly high near 76.75.
Market sentiment turns sour as Sino-US tension, coronavirus woes gain momentum ahead of the key Jackson Hole Symposium.
Speech from BOJ’s Suzuki, Aussie Private Capital Expenditure can offer interme
Intra-day news and views and data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time: 20 Aug 2020 05:30GMT
USD/JPY - 106.12... The greenback swung wildly in hectic trading yesterday as despite rebounding strongly from Asian low at 105.11 to 105.60 ahead of European open, price retreated to 105.18 ahead of New York open. However, the
NZD/USD Price Analysis: Once again fails to cross 21-day SMA
NZD/USD eases from one-week high to attack the intraday low.
50-day SMA, area comprising multiple levels since late-June on the sellers’ radar.
The monthly resistance line adds to the upside barriers.
Following its failures to rise past-0.6616, NZD/USD seesaws around 0.6600 during the early Wednesd
S&P 500 Futures portray risk reset with mild gains above 3,300
S&P 500 Futures consolidate the previous day’s pullback from the highest since February 20.
Receding virus cases from Australia and the US, coupled with vaccine hopes, could be traced for the latest shift in market sentiment.
Traders remain cautious amid uncertainty over the US stimulus, Sino-Am
AUD/USD: Consolidates run-up to 18-month top near 0.7200
AUD/USD seesaws between 0.7186 and 0.7200 following its highest levels since February 2019.
Downbeat ADP, employment component of ISM Non-Manufacturing PMI weighed on the US dollar, gold surged to fresh record high of $2,055.69.
Market sentiment cheers hope of further stimulus, virus woes, vaccine n
Gold: Bulls are driving the car and approaching the $2000 level
Overview:- Bulls have become too aggressive after providing the breakout of $1820 level, today in the morning session gold has made a high of $1945 level like a cake walk which is a life time high with a breakout of year 2011, well now sky is the limit.
In our previous report also we mentioned to bu
What effects might the European stimulus agreement bring on FX and bonds
Something not always looked at in the FX markets is the impact on bonds and yields and how it may influence the overall economy of the nation behind the offered yields. With all of the talk on the European Unions coronavirus recovery plans and the European Central banks Offerings for stimulus, I tho
Pull-up Update