Joshua

The COVID-19 cases in China are reaching all-time highs, forcing authorities to re-lock down large parts of the country. The Chinese capital Beijing reported 388 new locally transmitted symptomatic COVID-19 cases on Wednesday and 1,098 asymptomatic cases on November 22. This figure compares with the 274 symptomatic cases and the 1,164 asymptomatic cases of the […]

As reported by Reuters, the G7 should soon announce cap on Russian oil export prices and the coalition will likely adjust the level a couple of times a year instead of monthly, a senior US Treasury official said Tuesday. Featured Comments The The G7, including the United States, along with the EU and Australia, plans […]

NZD/USD is matching Monday’s losses, rising 0.84%. From a daily chart standpoint, NZD/USD has a neutral bias to the upside, although it needs to break above 0.6200. A rising channel on the NZD/USD 4-hour chart will sharpen a recovery towards 0.6300. The New Zealand dollar (NZD) trims Monday’s losses and breaks back above the 0.6100 […]

EUR/USD resistance at 1.0300 is expected to be an area where the distribution starts to take shape. A turn of character below 1.0270 again could be a defining moment for the pair. At 1.0295, the pair EUR/USD It is up 0.53% in the final hours of North American trade as the US dollar fell across […]

Things to look out for on Wednesday, November 23: The dollar fell on Tuesday amid better performance in global stocks and weakening US Treasury yields. However, the activity was limited pending the FOMC Meeting Minutes and US Durable Goods Orders to be released on Wednesday. The Asian and European indices closed higher, while Wall Street […]

Lieutenant Governor Carolyn Rogers stated in a speech delivered at the University of Ottawa that rising interest rates are starting to slow down the Canadian economy, putting pressure on households with high debt. “It will take time to get back to strong growth with low inflation, but we’ll get there,” he said. Featured Statements Rogers […]

USD/CAD has been range bound in North American trade as the US dollar falls. Bears are in control as domestic data beats expectations and oil rebounds. The pair USD/CAD it has moved strongly in the US session, trading between 1.3383 and 1.3453 so far this day. Currently trading at 1.3397, the pair is down 0.4% […]

The pound sterling extended its gains amid a risk drive. Federal Reserve officials see a double threat of excess and lack of adjustment. GBP/USD Price Analysis: Range bound around 1.1800-1.1900 in the absence of a catalyst. The pound sterling (GBP) It rose in the North American session, even as the comments from the hawkish Federal […]

Swiss franc outperforms during American session. USD/CHF ends a positive streak with a sharp decline. The DXY maintains losses, in a calm trading session. The USD/CHF loses more than 50 points on Tuesday, ending a positive streak for the US dollar. The pair marked a fresh two-day low at 0.9508 during the American session, due […]

The Mexican peso gains against the dollar after three days. USD/MXN finds resistance at the 20-day SMA ahead of 19.60. Provisional support at 19.40, key level at 19.30. The USD/MXN falls on Tuesday after rising for three consecutive days, in a quiet session for financial markets. The bounce from the monthly lows found resistance near […]