Dollar stays generally soft in Asian session today as markets await Fed Chair Jerome Powell’s testimony. The topics of inflation and surging treasury yields would be the focuses. For the former, Powell would likely talk down the significance of temporary rise in inflation, and focus on medium term outlook and expectations. Though, yields would be
EUR/JPY very bullish This pair has just broken above a major level of structure resistance. This is a level that was tested multiple times recently and is a level that is now likely to act as support. For that reason, this is going to be an area that I will look for possible long trades
CAD/CHF This pair has just broken over a major level of resistance and started a new uptrend. Since this level of resistance was the most recent level broken and since it has been used as resistance multiple times in the past by this market, it does qualify as a demand zone and will be an
GBP/USD This pair is currently pushing higher. But, it is is approaching the next level of structure resistance. This is a level that has acted as major structure multiple times in the past for this pair and therefore it qualifies as a valid supply zone. For that reason, I will be looking for possible short
The EUR/NZD is in a downtrend. And, this pair has just broken below the most recent level of structure support. This level of support that was just broken now has a high likelihood of becoming resistance if price pulls back to this area. For that reason, I will be looking in this red zone for
AUD/USD bulls catch a breather near the highest since February 2018. Statements from China, likely US-Iran tussle and Fitch’s negative outlook on Aussie credit rating failed to supersede virus/vaccine, stimulus optimism. Light calendar emphasizes risk catalysts for fresh direction. AUD/USD wavers around 0.7920, stepping back from a fresh three-year high a few minutes back, during
By Devika Krishna Kumar and Laila Kearney NEW YORK: Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut down because of cold weather, as frozen pipes and power supply interruptions slow their recovery, sources
Swiss Franc was a focus in earlier European session as it suffered brief but deep selloff. Though, it somewhat found some footing quickly, even though it’s still the second weakest for today so far. Yen is underperforming again on strong major global benchmark yields. Dollar and Canadian Dollar are the next weakest even though Euro
The EUR/GBP pair is heading to the 2016-2021 uptrend at 0.8591. A break below here would expose the May 2019 low at 0.8465, Team Head FICC Technical Analysis Research at Commerzbank, informs. Key quotes “EUR/GBP resumed its down move last week and starts this week with attention on the 2016-2021 uptrend at 0.8591, we look
Germany posts double-digit deaths for the first time since November That said, the Monday effect needs to be taken into consideration here – in which lesser testing/reporting is conducted, resulting in lower figures overall. There has been some concern about the virus spread over the weekend despite the case count keeping just under 10,000 for
Uniswap and SushiSwap have emerged as two of the top decentralized exchanges (DEXs) that are leading the current DeFi bull run higher. Despite a controversial start for SushiSwap, the last few months have seen it catching up to Uniswap in terms of activity on the platform, total value locked, and the price of its SUSHI
NEW DELHI: Gold and silver futures prices gained on Monday following the trend in the international market, thanks to a decline in dollar but the gains were capped by rise in the bond yields. The dollar eased against rivals, making gold affordable for holders of other currencies. Benchmark US Treasury yields hit a near one-year
New Zealand Dollar opens the week higher after ratings upgrade by S&P. The Kiwi would now look into RBNZ’s comments on the economy and new economic projections featured later in that week. Elsewhere, overall risk-on sentiments continue to support commodity currencies and Sterling. On the other hand, Yen and Swiss Franc are trading generally lower,
Buying a share in accompany means buying a part of that company. But why people buy such parts? And why do companies issue shares? In this video we will answer these questions and we will provide a brief understanding about the stock market and the stock market indices. We are proud partners of XM
This video is specifically designed for anyone interested in getting involved with the Forex industry. Viewers will have the chance to go through the timeline of Forex evolution that gave birth to Forex trading as we all know it today, the Market structure and participants, and the various forex pairs. We are proud partners
In this video we will take a general look at Financial trading. After going through the origins of trading, we will see the difference between several types of financial markets such as the Forex Market, the Equity Market, the Commodities Market and the Derivatives Market. We are proud partners of XM XM is an
What you need to know on Monday, February 22: The greenback weakened against most of its major rivals, with AUD and GBP soaring to fresh multi-year highs. The American currency edged lower despite US Treasury yields resumed their advances and finished the week at their highest in a year. Wall Street closed mixed on Friday,
Gold demand in the metros has declined by 10-15 per cent in the last fortnight compared to the previous fortnight due to volatility in the prices of the yellow metal. Prices of gold have fallen by 4.67 per cent in the last fortnight from Rs 49,000 per 10 gm to Rs 46,700 per 10 gm