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The United States is closely monitoring the border dispute between India and China and it hopes for a peaceful resolution, a State Department spokesperson said on Tuesday. More to come...

Photo: FM Cybersecurity firm Guardicore Labs has recently published findings on FritzFrog, a cryptojacking malware botnet that has been deployed to tens of millions of IP addresses. According to the findings, FritzFrog has mostly targeted medical centers, banks, telecommunication companies, govern

Daily Pivots: (S1) 0.9123; (P) 0.9151; (R1) 0.9196; USD/CHF is staying in range above 0.9050 and intraday bias remain s neutral. With 0.9241 resistance intact, further fall is still expected. On the downside, break of 0.9050 will resume larger down trend. Though, break of of 0.9241 will confirm shor

EUR/USD is taking a breather in the range of 1.17 to 1.1708.  The Fed may signal a higher tolerance for inflation.  Dovish talk on inflation could yield another sell-off in the US dollar.  US fiscal wrangling is a cause for concern for the dollar bears.  EUR/USD's upward momentum looks to have stal

Gold – Silver Gold Spot we wrote: trying a break above the 1817 high to restart the longer term bull trend, with next targets of 1825/27 & 1835/37. All targets hit as we reach 1847 in the longer term bull trend. Silver Spot rocketed over 200 pips as the bull trend resumes, hitting 2240. Daily An

According to a survey conducted by accountants Deloitte, nearly half of the Chief Financial Officers (CFP) from large and mostly listed British companies expect a long road to recovery, which is likely to extend at least until the second half of 2021. Key findings “Another 33% predicted a recovery i

USD/JPY has carved out a double bottom pattern on the hourly chart.  A move above 107.43 is needed to confirm a bullish breakout. USD/JPY is currently trading at 107.24, having faced rejection at 107.36 early Friday.  The pullback from session highs puts a question mark on the sustainability of the

Market movers today Today's key event is the release of the FOMC minutes from the June meeting. Of particular interest are the Fed members' discussions on yield curve control, as mentioned by Fed Chair Powell in his prepared remarks at the press conference after the policy announcement. For more see

The financial markets are suddenly in deep risk aversion today, particular on fear of a second wave of coronavirus pandemic. A John Hopkins Center senior scholar has already warned that “there is a new wave coming in” parts of the US. In the currency markets, Australian Dollar is trading as the weak

Gold Following the breakdown of the 8 week uptrend and the support at $1693 we turned neutral on gold. Noting that the bulls are no longer in control, we see that upside traction is difficult to sustain and in the past couple of weeks the negative candles are more of a dominant force on the daily ch

AUD/NZD bulls in charge ahead of RBA meeting ears out for negative rate commentary. China and US trade war risks so far taken n the market's stride.  AUD/NZD has been moving to the upside as the market favours the Aussie for its yield advantage and divergence between the Reserve Bank of New Zealand

USD/INR drops to 13-day low while flashing three-day losing streak. Indian PM Narendra Modi to chair special cabinet meeting, big decisions are expected amid coronavirus outbreak in the Asian nation. A sustained break of near-term key support will highlight late-March low, 100-day EMA for sellers. B