FX

Soon after Dr. Sean Conley, the White House (WH) physician, said that President Donald Trump is “doing very well,” a few of the WH reporters are contradicting Conley’s assessment. Trump is not yet on a clear path to recovery from COVID-19 and some of his vital signs over the last 24 hours were very concerning,

Boris Johnson says that Trump has a resilient character and will make a strong recovery. US Republican Senator Ron Johnson goes into isolation after testing positive for COVID-19. The Prime Minister of the United Kingdom, Boris Johnson, says that the world does not need to worry as the US President Donald Trump will soon recover

US President Donald Trump is being transported to Walter Reed National Military Medical Centre. It is being said to be a precautionary measure and that the US leader will be able to carry out his duties in a private office at the hospital. Marine one which is the President’s private helicopter has been used to move

Factory Orders in the US increased less than expected in August. US Dollar Index stays in daily consolidation channel below 94.00. New orders for manufactured goods, Factory Orders, in the US rose by $3.2 billion, or 0.7%, to $470.1 billion in August, the data published by the US Census Bureau showed on Friday. This reading followed July’s increase of

AUD/JPY remains under pressure near key Fibonacci retracement support.  Australia’s Retail Sales fell by 4% in August.  Weakness in copper weighs over the Aussie dollar.  An above-forecast Aussie Retail Sales data released at 01:30 GMT on Friday failed to draw bids for the Aussie dollar, leaving AUD/USD in the red near 75.69 – the 38.2% Fibonacci

ISM Manufacturing PMI declined slightly to 55.4 in September. US Dollar Index is virtually unchanged on the day near 93.80 after the data. The economic activity in the US’ manufacturing sector expanded at a softer pace in September than it did in August with the ISM’s Manufacturing Purchasing Managers’ Index (PMI) edging lower to 55.4

Gold Price Analysis: XAU/USD picks up bids toward $1,900 as stimulus news propel risk Gold prices rise to $1,888 during the early Asian session on Thursday. The yellow metal snapped the previous two days’ advances on Wednesday before closing the day around $1,885. While the US dollar weakness initially pleased the bullion buyers, risk-on sentiment

USD/CAD seesawed between tepid gains/minor losses through the North American session. A pickup in oil prices underpinned the loonie and partly offset a broad-based USD strength. Stronger macro data from the US and Canada held investors from placing any aggressive bets. The USD/CAD pair refreshed daily lows during the early North American session, albeit lacked

China’s manufacturing activity stalled its rapid expansion in September, as the economy recovered further from the fallout of the COVID-19 pandemic. China’s Caixin Manufacturing PMI to 53.0 in September vs. 53.1 expected and 53.1 booked in August.                                                      In August, the gauge hit a high unseen since the start of 2011 and remaining in expansionary

Wall Street’s main indexes turn quiet following Monday’s rally. Energy shares underperform pressured by falling crude oil prices. Focus shifts to the first presidential debate between Joe Biden and Donald Trump. Following Monday’s impressive rally, major equity indexes in the US opened little changed on Tuesday as investors seem to be opting out to stay

In its latest analysis, conveyed by Bloomberg, JPMorgan Chase & Co. highlight risks to the traditional safe-havens, like gold and Japanese Yen, due to the easy-money policies of most central banks. John Normand from the bank said, “Defensive assets are delivering their weakest performance and therefore worst hedge protection of any equity sell-off in at

British Cabinet Minister Michael Gove told reporters on Monday that he had a constructive meeting at the Joint Committee and noted that both sides were clear on where they were still “some distance apart,” as reported by Reuters. Additional takeaways “We need to go further, other talks I hope will go well.” “British Prime Minister Boris

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Gold looks south, with the focus on the key 100-DMA support. $1932/42 zone is the level to beat for the bulls. Focus on US NFP release for the next direction in gold. Following the 4.5% weekly loss, Gold (XAU/USD) has locked itself in a $100 range stepping into the critical US Non-Farm Payrolls week, as depicted

Late Friday, the US-based Fitch Ratings affirmed the UK’s sovereign credit rating at ‘AA-‘ with maintaining a negative Outlook. Key takeaways “The Negative Outlook reflects the impact the coronavirus pandemic is having on the UK economy and the resulting material deterioration in the public finances, with Fitch forecasting the fiscal deficit to materially widen this

Gold (XAU/USD) shed about 4.5% in the past week, delivering a weekly closing below the August month low of $1863. The yellow metal booked the first weekly loss in three, with the risks skewed to the downside in the US Non-Farm Payrolls (NFP) week ahead.   The persistent haven demand for the US dollar, in

USD/JPY trades 0.18% higher on Friday and 1% higher on the week. There was a strong rejection of 104.00 to the downside. USD/JPY daily chart USD/JPY does not seem to like trading below 104.00 as there seems to be a quick recovery as soon as the level is pierced. The key level on the chart

GBP/USD: Bulls need above 1.3000 to really push ahead once more [Video] As with EUR/USD there has been a mild tick higher on Cable as the strength of the dollar rally has just eased in the past 24 hours. However, this is likely to be another chance to sell as the growing medium term pressure