July 2, 2020

Golden Cross Forms in AUD/USD

A bullish golden cross (50-period SMA crossing above the 200-period SMA) has formed on the AUD/USD daily chart. The Aussie has been supported by upbeat Chinese and Australian data, while the US dollar lost some of its safe haven appeal amid positive US and European economic data.
June 23, 2020

Market Cycles: An Interview with Andrew Pancholi

Learn about the fascinating world of market cycles in this interview with the globally recognized expert Andrew Pancholi.
June 23, 2020

Aussie Jolted By US/China Trade Tensions

The Australian dollar and the S&P/ASX 200 stock index were shaken after White House trade adviser and outspoken China critic Peter Navarro said the trade deal between Washington and Beijing was "over".
June 18, 2020

Gold Consolidates as Coronavirus Fears Endure

Gold prices inched higher in early trading on Thursday, as an increase in coronavirus cases threatened to derail economic recovery from the pandemic. A more dovish than expected June FOMC meeting has also bouyed the yellow metal.
June 16, 2020

GBP/USD Underpinned By Optimism Over Trade Talks, Rebound in Equities

Risk appetite returned to the market on early on Tuesday as the US Federal Reserve prepared to begin purchasing up to $250 billion in individual corporate bonds. In addition, a report from Bloomberg stating that the Trump administration is preparing a nearly $1 trillion infrastructure proposal helped to lift investors spirits.
June 11, 2020

Greenback Gains Against Comdolls As Risk Sentiment Dampens

The US dollar advanced against risk-sensitive currencies including the Australian dollar, New Zealand dollar and Canadian dollar in early trading on Thursday. The move came after a gloomy economic forecast from the Fed and reports of rising coronavirus cases in the US.
June 9, 2020

Gold Advances Ahead of FOMC Meeting

Gold edged higher in early Tuesday trading, lifted by a weaker US dollar as investors eye the Federal Reserve meeting set to conclude on Wednesday. Meanwhile, inceased risk appetite and robust equity markets threaten to keep a lid on the yellow metal's price.
June 4, 2020

Gold Consolidates After Bruising Wednesday Session

Gold prices fell by 2% on Wednesday as stocks rallied on hopes of a faster than expected recovery from the fallout of the coronavirus pandemic. Meanwhile, investors shrugged of the historic civil unrest in the United States and US/China trade tensions.
June 2, 2020

US Dollar Softens Amid Risk-On Sentiment

The US dollar index closed lower for a fifth consecutive day on Monday as hopes of a faster than expected global economic recovery from the COVID-19 pandemic took hold. Markets remained steady despite widespread civil unrest in the United States due to the death of George Floyd and ongoing US/China trade tensions.
May 28, 2020

Sterling Traders Brace for Volatile Month Ahead

The British Pound weakened against its major rivals on Wednesday amid reports that Brexit talks are stalling and as the specter of a 'no-deal' Brexit reared its head again.
May 26, 2020

Risk Assets Rally Amid Pandemic Recovery Optimism

Risk sensitive currencies such as the Australian dollar, New Zealand dollar and Canadian dollar gained ground in early Tuesday trading as hopes grew over global economic recovery from the fallout of the COVID-19 pandemic. Positive coronavirus vaccine news and indications that global economies are slowly reopening helped to buoy investor mood.
May 21, 2020

As Crude Finds its Footing, Traders Eye Descending Triangle in USD/CAD

USD/CAD fell to trendline support on Wednesday, as the Canadian dollar was boosted by rising crude oil prices and hopes of a global economic recovery. Equities, crude oil and the risk sensitive Australian dollar also benefited from rising investor confidence.
May 19, 2020

Gold Forms Shooting Star as Possible Vaccine Spurs Hope

Gold consolidated in early trading on Tuesday after reaching its highest levels since October 2012 on Monday. The yellow metal was pressured and stocks jumped amid rising risk appetite, spurred by news of a potential COVID-19 vaccine.
May 14, 2020

GBP/USD Sinks Amid Bleak Economic Outlook

The British pound fell to its lowest levels against the US dollar since April 7th in early trading on Thursday. Grim GDP data resulting from the coronavirus lockdown weighed on sterling, while the dollar was lifted by dismissive comments on negative interest rates by Federal Reserve chairman Jerome Powell.
May 12, 2020

Bitcoin’s 3rd Halving Event Takes Place: Will History Repeat Itself?

Bitcoin has just gone through its third ‘halving’ since it launched 11 years ago. The event takes place roughly every four years to cut the reward given to miners for solving complex mathematical problems using high-powered computers.
May 11, 2020

Interview with Boris Schlossberg

Boris Schlossberg is one of the most familiar faces in forex, in part thanks to his regular appearances on CNBC and at major industry events.
May 8, 2020

US Nonfarm Payrolls: Record 20.5 Million Jobs Lost in April

The devastating effect of Covid-19 on the US economy became clearer on Friday with the release of the highly anticipated US employment report.
May 5, 2020

Dollar Bid as US/China Tensions Rise

The US dollar rallied sharply on Monday, lifted by safe haven flows as fears grew over rising tensions between the US and China. Both US President Trump and Secretary of State Mike Mike Pompeo have laid the blame for the pandemic on China.
April 30, 2020

Bitcoin Lifted by Rising Risk Sentiment

Bitcoin extended its gains in early Thursday trading, reaching almost 9,500 before retracing sharply. The world’s largest cryptocurrency by market capitalization has benefited from its appeal as a hedge against inflation amid unprecedented stimulus by central banks.
April 28, 2020

AUD/USD Reaches 6-Week High Amid Easing Restrictions

AUD/USD rallied to its highest level since March 11 in early trading on Tuesday, as Australia stands out as one of the countries having best managing the Coronavirus pandemic. The country responded quickly, closing its borders and imposing restrictions on movement. With new cases falling sharply over recent weeks, Australia began to ease social distancing restrictions. Sydney’s famed Bondi beach was reopened on Tuesday to local swimmers after a month-long closure.
April 24, 2020

Bitcoin Bulls Eyeing Weekly Gains Amid Rising Risk Appetite

A surge in Bitcoin on Thursday to over $7,750 marked the latest leg of an uptrend that began in mid-March. Traders viewed Friday’s expiry for CME April Bitcoin futures as the catalyst for Thursday’s thrust higher. The CME Bitcoin futures contract expires every fourth Friday of a given month.
April 22, 2020

GBP/USD Stabilizes After Oil Related Rout

Cable staged a modest rebound in […]