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EUR/AUD rose sharply last week but failed to break through 1.6586 key resistance decisively. Initial bias remains neutral first with focus on 1.6586. Sustained break there will suggest that it’s at least in correction to the fall from 1.9799 to 1.6033. Further rise should then be seen to 38.2% retra

Silver prices remain on the back foot after breaking an ascending trend line from August 12. 100-bar SMA guards immediate upside, downward sloping RSI favor sellers. Silver drops to $26.68, down 0.92% on a day, during Monday’s initial trading session. The white metal keeps its downside break of nea

FX Strategists at UOB Group noted EUR/USD is predicted to accelerate the upside if 1.1930 is cleared. Key Quotes 24-hour view: “Yesterday, we held the view that ‘there is room for EUR to make one more push higher towards 1.1930 (minor resistance is at 1.1905) before a sustained pullback can be expec

At its August monetary policy decision, the Reserve Bank of India (RBI) kept the benchmark repo rate unchanged at 4% and reverse repo rate at 3.35%. The central bank, however, maintained its accommodative stance. Key quotes External demand expected to remain anaemic. MPC projects real GDP growth fo

Photo: Lykke Swiss blockchain company Lykke has updated its trading API to help users connect their algorithms to the cryptocurrency exchange. The company also said they have improved the overall performance of the algo trading APIs by optimizing different areas such as: reducing data backlogs, pr

ASX 200 Index wilting besides a strong bid in the banks. Corinvius fears linger and weigh on risk sentiment ahead of the Fed. Australian shares edged higher on Wednesday, boosted by strong financials and gold stocks. At the time of writing, the ASX 200 Index is trading down 0.14% to 6,012 from a hi

EUR/CHF looks to test key support on the 4H chart. Technical set up suggests the gains will be short-lived. Upside attempts appear capped near 1.0635. EUR/CHF is holding lower ground just above the 1.0600 level heading into the European open, with risks tilted to the downside in the near-term, as

AUD/USD is testing the bull's commitments at trendline support. 38.2% Fib capping upside attempts as US dollar picks up a bid in risk-off conditions. AUD/USD is currently trading at 0.6961 between a range of 0.6958 and 0.6964 as bears chip away at the hourly trendline support below 0.7000. The pai

AUD - Australian Dollar Tuesday’s offshore sessions saw a consolidation in global risk appetite as equity markets were lower and the safe haven USD was higher. This saw the Australian Dollar trade sideways, ranging between 0.6925 and 0.6878 throughout overnight trade. Given the escalating situation

Sustained USD selling assisted GBP/USD to gain some traction on Monday. The upbeat market mood continued undermining the safe-haven greenback. Concerns over rising COVID-19 cases, Brexit uncertainties capped the upside. The GBP/USD pair built on Friday's intraday bounce of around 50 pips and gained

The Australian dollar rose as investors reacted to the latest manufacturing PMI data from China. According to China Logistics, the country’s manufacturing PMI rose to 50.9 in June from the previous 50.6. The non-manufacturing PMI rose from 53.6 to 54.4 in June. These numbers were better than analyst