The Australian dollar has edged higher at the start of the week. In the European session, AUD/USD is trading at 0.6715, up 0.45%. The RBA meets on Tuesday (Australia time) and is expected to pause Read more…
EUR/USD: Why the Dollar Fell Last week passed without sharp jumps. The dollar continued to fall in price, and EUR/USD returned by March 30 to where it was traded seven days before. The local maximum Read more…
The Euro remains at the back foot at the start of the week and extends Friday’s 0.60% drop, which also formed a bearish engulfing pattern on daily chart. Last week’s double failure under pivotal barrier Read more…
UK PMI Manufacturing was finalized at 47.9 in March, down from February’s 7-month of 49.3. The index has stayed below the neutral 50 mark for eight successive months. Rob Dobson, Director at S&P Global Market Read more…
Daily Pivots: (S1) 163.09; (P) 164.28; (R1) 164.93; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, break of 165.99 resume the whole rebound from 155.33 to 169.26 resistance next. On Read more…
Surprise, surprise! OPEC cut its production by 1 mbpd yesterday. The news fell like a bomb on Sunday. The barrel of American crude rallied past $81pb, jumped above the 50 and 100-DMA levels – which Read more…
China Caixin PMI Manufacturing dropped from 51.6 to 50.0 in March, below expectation of 51.7. It signalled stable business conditions at the end of the first quarter. Wang Zhe, Senior Economist at Caixin Insight Group Read more…
China Caixin PMI Manufacturing dropped from 51.6 to 50.0 in March, below expectation of 51.7. It signalled stable business conditions at the end of the first quarter. Wang Zhe, Senior Economist at Caixin Insight Group Read more…
GBP/USD climbed higher above the 1.2200 resistance zone. GBP/JPY could rise further if there is a clear move above the 165.70 resistance. Important Takeaways for GBP/USD and GBP/JPY The British Pound is moving higher above Read more…