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AUD - Australian Dollar The Australian dollar finished higher on the day, buoyed by improvements in risk appetite and a broad-based USD sell off. The AUD was dragged back through 0.7150 as US equities signaled a firm shift back to risk, posting near record highs while downward pressure on real term

NZD/USD drops over 40 pips after RBNZ rate decision and Monetary Policy Statement. RBNZ keeps benchmark interest rate at 0.25% but expands QE to NZD 100 billion. New Zealand policymakers weigh wage subsidy, defer the Parliament’s dissolution to combat virus wave 2.0. RBNZ Press Conference awaited fo

gold closed almost in the middle of the highest and lowest prices on the market last Friday. The highest and lowest prices can be used as a reference for trading next week. will the market be opened above or below the closing price to some extent can be used as a temporary reference for the transact

Dow industrial average leads the way the major stock indices are opening higher led by the Dow industrial average which is up around 0.5%. The NASDAQ is up for the 8th time in 9 days. The S&P index is within 1% of the February record high. The S&P and Dow are up for the 7th day. The Dow is o

Photo: Finance Magnates HotForex, the brand name of HF Markets Group, announced this Thursday that it has expanded its offering on the MetaTrader 5 platform by launching Contracts for Differences (CFDs) on direct market access (DMA) stocks and exchange-traded funds. The new offering from the mult

Photo: Coinbase Coinbase is going to allow it’s United States customers to borrow fiats with Bitcoin as collateral, the popular exchange and wallet platform announced on Thursday. The San Francisco-headquartered exchange has already started accepting customers and putting them on the waitlist so t

EUR/CHF marks another pullback from the key EMA while defying the previous day’s losses. Bearish MACD, repeated failures to cross 1.0800 keeps sellers hopeful. A downward sloping trend line from June 05 adds to the upside barriers. EUR/CHF prints 0.05% gains while portraying another bounce off 200-

Photo: iStock There’s about to be one less player in the Russian foreign exchange (forex) market as Promsvyazbank, an FX dealer, is preparing to submit an application to the country’s central bank to voluntarily revoke the licence of PSB-Forex LLC. On Wednesday PSB-Forex, the FX subsidiary of Prom