FX

The People’s Bank of China (PBOC) injected CNY150 billion via one-year medium-term lending (MLF) facility on Thursday. The Chinese central bank kept the rate for the one-year MLF operation unchanged for the 11th straight month at 2.95%. Separately, the central bank drains medium-term liquidity from the banking system, sells 10 billion yuan of 7-day reverse

US Import Price Index rose more than expected in March. US Dollar Index stays relatively quiet below 92.00. Prices for US imports rose 1.2% in March following an increase of 1.3% in February, the monthly data published by the US Bureau of Labor Statistics revealed on Wednesday. This reading came in higher than the market

USD/JPY moves lower in Tokyo on risk-off flows. The US dollar is on the backfoot following a bearish US session.  At the time of writing, USD/JPY is trading down -0.2% as the US dollar gives back more ground, critically below prior support on the DXY.  USD/JPY has fallen from a high of 109.07 to a

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work

AUD/USD meets critical resistance at a confluence of structure and a 38.2% Fibo. Bears eye a downside opportunity at this juncture.  AUD/USD is lacking momentum on the upside which makes for a compelling case for the downside at this juncture, as illustrated in the following daily chart: Daily chart The price is consolidating with failures

GBP/USD outlook: Bears continue to face headwinds from strong supports at 1.3682/70 Cable stands at the back foot in early Monday’s trading following bearish close last week, but bears continue to face strong headwinds from strong supports at 1.3682/70 (100DMA / Mar 25 low). Long lower shadows on Friday’s and Monday’s candles point to strong

Gold is being capped in what could be a right-hand shoulder of H&S pattern. Eyes on daily support and bullish commitments and consolidation.  As per the prior analysis for the start of the week, Gold Price Analysis: XAU/USD daily support is important for the open, there is a compelling scenario taking shape on the 4-hour chart.

Toward the end of trading Friday, the Dow traded up 0.42% to 33,645.90 while the NASDAQ rose 0.06% to 13,837.33. The S&P also rose, gaining 0.32% to 4,110.11. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 31,003,070 cases with around 560,110 deaths. Brazil reported over

US equity markets saw a late surge despite a lack of fundamental catalysts at the time on Friday. Some desks cited Fed jawboning on how the coming spike in inflation will be transitory as supportive for stocks. The S&P 500, Dow and Nasdaq 100 all clinched record closing levels. US equity markets saw a late

Equity markets continue to set new records as the Nasdaq plays catch up. Fundamentals are backing bulls as Fed doves dampen inflation concerns. Earnings week ahead will likely add more fuel to the fire. Stay up to speed with hot stocks’ news! Another week another record-shattering performance from US equities. All sectors remain strong but mega-cap

In March, the USD/CNY pair rose from 6.46 to 6.56 as a result of US dollar-buying after the rise of US dollar interest rates. In April, USD/CNY is forecast to rise slowly, in the view of economists at Mizuho Bank. There have been an increasing number of positive factors for the USD “The appreciation of

NZD/USD stuck in a sideways range for the week. Eyes stay on US yields, the Fed and the US dollar in decline.  At the time of writing, NZD/USD is trading at 0.7051 having travelled between a low of 0.7045 and a high of 0.7058, flat on the day so far and back to where the

EUR/JPY fades the move to fresh 2021 highs around 130.70. Next on the upside comes in the 131.00 yarstick. EUR/JPY corrects lower after clinching new yearly tops in the vicinity of 130.70 on Wednesday. The recovery remains healthy and a surpass of YTD peaks should put the 131.00 level back on the radar. While above

EUR/USD failed to close Wednesday above 200-DMA at 1.1890. 21-DMA at 1.1853 back in sight for EUR sellers. Bearish RSI, USD rebound keep EUR/USD vulnerable. EUR/USD is holding the lower ground while hovering within Wednesday’s trading range in early Asian dealings, as the US dollar remains broadly in demand amid tepid close on Wall Street. Markets

In an interview with the Wall Street Journal, Dallas Federal Reserve Bank President Robert Kaplan noted that the US economy still needs support froım the Fed, as reported by Reuters. Additional takeaways “Upbeat about the economy and forecast of 6.5% growth this year.” “Agree with what we’re doing now in terms of asset purchases and

AUD/USD extended the correction above 0.7650, with eyes on 0.7700.   RBA stood pat, the DXY resumed declines alongside the Treasury yields. Stronger US jobs data failed to impress, as focus shifts to the Fed minutes. AUD/USD is consolidating near ten-day highs above 0.7650, eyeing a test of the 0.7700 barrier, as the US dollar

NASDAQ:MARA surged another 15.78% on Monday, outpacing the broader markets.  Marathon Digital Holdings announces its first quarter Bitcoin mining results: 196 new Bitcoins. Rising fears of inflation could lead to Marathon and other Bitcoin miners to skyrocket. NASDAQ:MARA has certainly been one of the best stocks to hold over the past year as the benchmark

NZD/USD was on the front foot on Monday, rallying as high as the 0.7070 mark. Risk on market conditions coupled with a weaker US dollar were the main drivers on Monday’s gains. NZD/USD gained some decent ground on Monday, rallying from its 0.7010-0.7040ish range that had been in play since last Thursday to highs close