Bullion

"South America has become a new epicenter of the COVID-19 disease, certainly the most affected is Brazil at this point," Dr Mike Ryan, executive director of World Health Organization (WHO), told reporters on Friday. "The current guidance for hydroxychloroquine does not support widespread use for CO

EURGBP FX Pair Elliott Wave and Longer Term Cycles Firstly as seen on the monthly chart below there is data back to January 1975 in the pair. The EUR part being derived from the German Deutsche Mark up until the point EURUSD currency existed. Secondly as seen on the monthly chart below I will desc

USD/CAD gained some follow-through traction for the second straight session on Friday. A strong pickup in the USD demand remained supportive amid a sharp fall in oil prices. Friday’s release of Canadian monthly retail sales did little to provide any fresh impetus. The USD/CAD pair maintained its

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USD/CAD pulls away from four-day highs, stays above 1.4000. Modest rebound seen in crude oil prices helps commodity-related CAD find demand. US Dollar Index rises on risk aversion on Friday. The USD/CAD pair rose to its highest level since Monday at 1.4050 on Friday but started to retrace its ra

The rebound in AUD/USD has turned out to be stronger than analysts at Credit Suisse initially expected, but has come to a halt well below the 200-day average and 78.6% retracement at 0.6664/6706 which is expected to cap. Commerzbank’s Karen Jones also sees the Aussie struggling at that level.  Key