Aussie extends recovery as demand for greenback eases
The Australian dollar extends bounce from new nearly 18-year low at 0.5509 on Friday, registering gains of 3.5% since Friday’s opening.
Eased demand for US dollar on the latest measure from Fed, downbeat US jobless claims and stronger than…
Read More...
Read More...
New UK stimulus measures result in impressive recovery in early Friday’s trading
Cable is in recovery mode on Friday and gained 3.3% on bounce from 1.1465 (Asian low) to 1.1876 (early European session high).
Thursday’s unscheduled BoE rate cut and a increase of QE, boosted the sentiment, with fresh easing of US…
Read More...
Read More...
Euro collapses below 1.07 on fresh rally of US dollar
The EURUSD fell one full figure and probed below 1.07 level as fresh buying pushed dollar index to new three-year high above 103 barrier.
Read More...
Read More...
Breaking: Bank of England cuts key interest rate to 0.1% from 0.25%
The Bank of England Monetary Policy Committee further reduced interest rates to 0.1% in unscheduled meeting today and also increased its QE program by 200 billion pounds to 645 billion pounds, in attempts to boost efforts in containing the…
Read More...
Read More...
USDJPY surged through a series of strong barriers; 2020 high comes in focus
The pair surged through a cluster of daily MA’s (200/30/55/100) and probed above 110 level in Thursday’s 1.5% advance, as strong demand for dollar keeps near-term bulls firmly in play.
Eventual close above 200DMA (108.24) which limited…
Read More...
Read More...
Bears are consolidating as ECB measures encourage but overall picture remains negative
The Euro bounced some hundred pips from new three-year low (1.0725) on Thursday, as bears take a breather following comments of ECB President Christine Lagarde, who expressed strong commitments with no limits in attempts to defend the…
Read More...
Read More...
Aussie bounces from new 18-year low, posted after RBA rate cut
The Australian dollar fell to the lowest since Oct 2002 on Thursday after central bank of Australia cut interest rate to record low at 0.25%.
The Aussie was down over 15% vs its US counterpart in less that two weeks, as corona…
Read More...
Read More...
Bears on hold above key 1.15 support zone as traders assess massive stimulus, but outlook remains…
Cable is holding within narrow consolidation in early Thursday’s trading following previous day’s massive sell-off when pound lost nearly 4%.
Key 1.15 support zone (lows hit after 2016 Brexit vote) was dented on Wednesday, but bears may…
Read More...
Read More...
Euro falls below 1.09 as dollar buying explode
The Euro follows sterling and extended weakness through 1.09 round-figure support on Wednesday, to hit the lowest levels in nearly one month.
Panic over possible global recession prompts traders into safe-haven dollar, keeping the single…
Read More...
Read More...
Sterling broke through critical 1.20 support much easier than initially anticipated
Cable easily broke through very important 1.20 support zone despite my expectations to show at least some hesitation here.
It seems that the situation is more serious than estimated and traders in panic flee from sterling, mainly into so…
Read More...
Read More...