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There is still room for the continuation of the consolidative theme around AUD/USD in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We expected AUD to trade within a 0.6835/0.6895 range yesterday. AUD initially dropped to 0.6833 before making a rapid turnaround and

The Japanese yen gained against the US dollar as traders reacted to mixed economic data from the country. According to Markit, Japan’s manufacturing PMI rose to 40.1 in June from the previous 37.8. This number implied that manufacturers made some gains in June as the country started to reopen. Anoth

Market movers today Markets will continue to monitor the global COVID-19 development, as global cases now top 10,000,000 and global deaths unfortunately are set to climb above 500,000 today. In particular, the US situation continues to worsen and the reopening in e.g. Texas is now on halt. We are co

EUR/JPY's daily chart shows an impending bull cross of long-term averages. Price patterns also indicate the path of least resistance is to the higher side.  EUR/JPY is looking to extend Monday's gain with key simple moving average (SMA) indicators eyeing their first bullish turn since November 2019

Daily Pivots: (S1) 1.2237; (P) 1.2313; (R1) 1.2375; Intraday bias in GBP/USD stays on the downside at this point. Fall from 1.2813 should target 1.2065 support. Decisive break of 1.2065 support will confirmation completion of whole rebound from 1.1409. Deeper decline would then be seen to retest 1.1