AUD/USD runs into a test of key near-term levels as dollar holds weaker on the day

AUD/USD moves up to test its 100-hour moving average The pair is currently running into a confluence of near-term support levels as the dollar keeps weaker in European morning trade amid the retreat in Treasury yields. Of note, the pair is testing resistance from its 100-hour moving average (red line) @ 0.7715, trendline resistance @ […]

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EUR/USD falls to lows for the day as dollar holds firmer on the session

EUR/USD sellers look to try and seize near-term control Despite calmer tones in the market so far in European morning trade, the dollar is still keeping bid as there is still an air of uncertainty ahead of US trading later. EUR/USD is pushed to fresh session lows @ 1.2123 and is testing trendline support as […]

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Gold Holds Gain as Investors Look to Stimulus, Weakening Dollar

© Bloomberg. Bars of gold bullion sit underneath a 12.5 kilogram gold bar at the Valcambi SA precious metal refinery in Balerna, Switzerland, on Tuesday, April 24, 2018. Gold’s haven qualities have come back in focus this year as President Donald Trump’s administration picks a series of trade fights with friends and foes, and investors […]

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U.S. says Vietnam’s currency actions ‘unreasonable’ but holds off on tariffs

2/2 © Reuters. FILE PHOTO: Senate Finance Committee hearing on U.S. trade on Capitol Hill in Washington 2/2 By David Lawder WASHINGTON (Reuters) – President Donald Trump’s administration said on Friday Vietnam’s actions to push down the value of its currency are “unreasonable” and restrict U.S. commerce, but did not take immediate action to impose […]

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Dollar holds firm as Treasury yield jumps, spurring rebound

© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul By Tommy Wilkes LONDON (Reuters) – The U.S. dollar held onto its recent gains on Tuesday after a spike in U.S. Treasury yields lifted demand for the currency. The dollar had hit a more than 2-1/2-year low […]

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Oil holds above $50/barrel on U.S. stocks draw, Brexit deal hopes

© Reuters. Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub By Yuka Obayashi and Dmitry Zhdannikov TOKYO/LONDON (Reuters) -Oil prices edged down on Thursday but were holding well above $ 50 per barrel in light holiday trade as a drop in U.S. stockpiles spurred demand hopes, while hints […]

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American Airlines holds first civilian passenger flight of 737 MAX in nearly two years

© Reuters. FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked at Boeing facilities at Grant County International Airport in Moses Lake By Tracy Rucinski DALLAS (Reuters) – Boeing (NYSE:) Co’s 737 MAX on Wednesday will make its first public demonstration flight with members of the media since being grounded over fatal crashes, as […]

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Dollar holds mildly weaker ahead of North American trading

Light changes in the major currencies space in quiet trading The greenback is sitting mildly lower, most noticeable against the pound and aussie but there isn’t much change in the overall technical picture so far on the session.For bank trade ideas, check out eFX Plus GBP/USD is holding higher around 1.3170-80 levels but still playing […]

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