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AUD / USD falls back to the support of the 100-day SMA, while the 50-day SMA limits the rise. The USD strengthens as risk aversion deepens. Investors are expecting fresh signs of a breakout in either direction. As risk-off…
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USD / JPY extends the heavy losses of the previous day and remains under pressure for the second day in a row. The prevailing sentiment of risk aversion benefits the JPY and puts some pressure on the pair. A modest pickup in USD…
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GBP / USD comes under new selling pressure on Wednesday and renews weekly lows. Nervousness over the coronavirus drives safe-haven monetary flows into the USD and puts heavy pressure on the pair. Brexit-related uncertainties…
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USD / CHF extends this week's positive movement and gains traction for the third day in a row. The unrest around the coronavirus continues to benefit the USD as a global reserve currency. The prevailing sentiment of risk…
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The DXY Index climbs to multi-day highs near 93.30 on Wednesday. The advance of the pandemic and nervousness before the US elections support the dollar. Data from MBA weekly mortgage applications and preliminary US trade balance…
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The pair USD/JPY has fallen to one-month lows, around the region of 104.20. Karen Jones, head of the technical analysis research team at the FICCI in the Commerzbank, is closely watching a break from the 104.00 level that would open the…
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This is what you need to know to trade today Wednesday, October 28: The market mood remains subdued as Germany, France, and possibly the UK are considering further restrictions due to rising coronavirus cases. Tension mounts ahead of…
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Following reports on Tuesday suggesting that German Chancellor Angela Merkel is considering a "soft" confinement With coronavirus cases on the rise in Europe's economic powerhouse, Bild notes that Merkel is expected to push for schools…
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The EUR/USD It started the day on Wednesday under pressure after the strong setback it experienced yesterday after rising to 1.1838 at the American opening and ending the day at 1.1769. Today, the pair has hit an intraday high of…
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The Australian Consumer Price Index for the third quarter rose 1.6%, surpassing the 1.5% expected and notably improving the -1.9% decline in the second quarter of the year. This is the largest rise seen by the indicator since the first…
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