Asian markets trade broadly lower today, extending the risk-selloff late last week. Dollar, Yen and Swiss Franc are trading higher on risk-aversion, as usual. Aussie is currently worst performer, while Kiwi and Sterling are trailing. Read more…
Australian Dollar falls broadly in Asian session, after release of poor service sector data, and on the back of risk aversion. AUD/JPY’s break of 92.11 temporary low confirms down resumption of decline from 99.32. Near Read more…
USD/JPY: Price is in a bullish trend on the H4 chart. To add to this bias, the price is above the Ichimoku cloud, indicating a bullish trend. Price closed above the first support level at Read more…
EUR/USD: It’s Getting Worse in the EU, It’s Getting Better in the US EUR/USD updated another 20-year low on September 28, bottoming at 0.9535. This was followed by a correction, and the pair came close to Read more…
Australia AiG Performance of Services Index dropped sharply by -5.3 pts to 48.0 in September, back in contraction. Looking at some details, sales tumbled by -10.1 to 41.8. Employment edged down by -0.6 to 52.6. Read more…
Key Highlights EUR/USD failed to surpass 1.0000 and reacted to the downside. A key bearish trend line is forming with resistance near 0.9880 on the 4-hours chart. GBP/USD failed to recover above the 1.1500 resistance Read more…
Commitment of traders – as of Tuesday 4th of October: Net-short exposure for CAD and futures rose to a 51-week high, and a 17-week high for NZD futures Traders reduced their net-short exposure to AUD Read more…
The CEO of Tesla, who has interests in China, just offered a plan to solve the Taiwan issue. Elon Musk is a businessman. But in recent days, he has turned into a diplomat, proposing solutions Read more…
The World’s richest man joins President Joe Biden in sounding the alarm over the escalating conflict. Elon Musk says he can’t fall asleep. The CEO of Tesla (TSLA) – Get Tesla Inc. Report confides that Read more…