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GBP/USD is on track to end the week below the 1.2200 figure.  The level to beat for bears is the 1.2150 support.  GBP/USD daily chart GBP/USD is trading below its main SMAs on the daily chart suggesting a bearish bias as the market is on track to a three-day losing streak. GBP/USD four-

XAU/USD consolidated last week’s gains.   The level to beat for buyers is the 1740 resistance. XAU/USD four-hour chart XAU/USD consolidates the recent gains while trading above $1700 per troy ounce and the main SMAs on the four-hour chart. The market is nearing the 1740 resistance. A break a

AUD/USD could accelerate its upside once 0.6600 is cleared, in opinion of FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that AUD ‘could edge above the major 0.6570 level’ but added, ‘in view of the overbought conditions, AUD may not be able to maintain a toe-hold

The NBH will meet and announce its monetary policy decision on Tuesday, 26 May while the NBP will do it on Thursday, 28 May. The base scenario for economists at TD Securities is that there will be no surprises in both cases.  Key quotes “We expect both Hungary and Poland to keep their powder dry b

AUD - Australian Dollar The Australian dollar held onto gains won through Monday testing a break above resistance at 0.6570 as optimism surrounding a possible coronavirus vaccine and the ongoing opening up of the global economy fuelled investors appetite for risk. A spillover from Monday’s surge in

EUR/GBP consolidated in a range below multi-week tops set on Thursday. The near-term technical set-up still seems tilted in favour of bullish traders. The EUR/GBP cross extended its sideways consolidative price action through the early part of European trading session on Friday and held below eig

Japan stocks, dollar/yen have been stable, which is a sign that the government and Bank of Japan (BOJ) efforts are having some effect in stabilizing markets, said the Finance Minister Taro Aso while speaking to the reporters on Friday. Additional quotes “It was the first time since 2016 for us to

The Nikkei Asian Review, a Japanese daily, reported on Friday, Japan’s government is considering setting up a 12 trillion yen safety net to offer capital to firms hit by the coronavirus pandemic. The paper further mentioned, “the Development Bank of Japan and public-private funds would act to suppo