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DXY falls below crucial support that now is expected to be resistance. There are a number of fundamental cases for both the upside and downside prospects.   The US dollar lost its footing at a critical support structure according to the DXY chart as bears sabotaged the bullish prospects for the imm

EUR/USD's is trading near 1.1847 versus Thursday's low of 1.1789.  Thursday's candle suggests the pullback from recent highs may be over.  EUR/USD created a classic long-tailed Doji candle on Thursday, as it printed a low of 1.1789 but ended the day on a flat note 1.1851.  The long lower wick indic

Photo: Bitfinex A New York district court has scrapped the appeal of Bitfinex and Tether against the consolidated class-action lawsuit against them, calling the arguments “meritless.” The arguments were made in the court by the legal representatives of Phillip G. Potter, the former chief strategy

After experiencing choppy trading early in the session, stocks continue to show a lack of direction in mid-day trading on Thursday. The major averages have spent the day bouncing back and forth across the unchanged line. Currently, the major averages continue to linger near the unchanged line. Wh

The Euro has been on a tear recently, up 8.55% against the US Dollar over the past three months as investors become increasingly more confident in the continent. Euro against the US Dollar over the past three months Euro advancing on positive and united Coronavirus response The European Union recen

Market Review - 27/07/2020 23:47GMT   Dollar falls broadly on continued U.S.-China tensions The greenback extended its recent losing streak and fell to a near 2-year low due to continued U.S.-China tensions as well as ongoing fear over coronavirus pandemic as infections in the United States showed

Photo: Bloomberg Japan’s biggest lender, Mitsubishi UFJ Financial Group (MUFG), will circulate its own cryptocurrency that has been in the works for several years in the second half of 2020. Dubbed “MUFG Coin,” the digital currency will be unveiled in partnership with HR firm Recruit Holdings. Rep

GBP/USD reverses the previous day’s losses while extending pullback from 1.2537. Easing of lockdown measures in Leicester, hopes of health care funding pleases the bulls. UK employment figures flashed upbeat numbers but couldn’t defy broad greenback strength. Russia accused of stealing coronavirus d

Bank of Japan (BOJ) won't hesitate to ease policy further while closely watching coronavirus developments, said Governor Haruhiko Kuroda in his scheduled press conference after the monetary policy decision announced earlier in Wednesday’s Asian session. Further comments “BOJ’s coronavirus response h

Photo: FM As another busy week in the Finance Magnates newsroom draws to a close, let’s take a look at the biggest stories from the Fintech, Forex and Crypto worlds, in our best of the week segment. USGFX Enters into Voluntary Administration Finance Magnates was the first to cover Union Standard I

USD/JPY extends recovery moves from an intraday low of 107.45. S&P 500 Futures, Nikkei 225 and the US 10-year Treasury yields print mild gains. Coronavirus worries, global ire against China remain on the table. US ISM Non-Manufacturing PMI, risk catalysts will be in focus. USD/JPY rises to 107.

ASX 200 Inde extend rally towards a 61.8% Fibonacci retracement at 6134. The financial sector was 2.94 per cent higher. The property sector had gained 2.38 per cent in the early session. Shares on the Australian market have climbed to fresh highs on Thursday, with the ASX 200 trading around 1.13% a

AUD - Australian Dollar The Australian Dollar rallied on Friday by 0.55% as commodity currencies were driven higher by a recovery in risk sentiment to close the week. Opening just below 65 US cents following a strong surge on Thursday from lows of 0.6378, the local currency reached intraday highs of