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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Gold Up Over Weaker Dollar, Yellen Push for More COVID-19 Relief Spending

© Reuters. By Gina Lee Investing.com – Gold was up on Wednesday morning in Asia, thanks to a weaker and comments from Secretary of the Treasury nominee Janet Yellen calling for more COVID-19 relief spending helping to lift the yellow metal’s appeal as an inflation hedge. were up 0.51% at $ 1,849.60 by 11:27 PM […]

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Treasury nominee Janet Yellen to say U.S. does not seek weaker dollar: WSJ

2/2 © Reuters. U.S. President-elect Joe Biden announces members of his economic policy team in Wilmington, Delaware 2/2 (Reuters) – Janet Yellen, President-elect Joe Biden’s pick to take over the U.S. Treasury, is expected to affirm the United States’ commitment to market-determined foreign exchange rates when she testifies on Capitol Hill on Tuesday, the Wall […]

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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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Asian shares set for mostly weaker open after Fed

By John McCrank NEW YORK (Reuters) – Asian shares were set to drift lower on Thursday as concerns about the strength of the recovery from the COVID-19 pandemic remained, even after the U.S. Federal Reserve pledged to hold interest rates near zero until at least 2023. Australian S&P/ASX 200 futures lost 0.22% in early trading. […]

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Dollar keeps weaker on the session as risk rally extends

EUR/USD climbs back towards the 1.1800 level For bank trade ideas, check out eFX Plus There’s not much reprieve for the dollar in European morning trade today as the risk rally is pinning the greenback lower currently. European indices are pushing gains of over 2% while US futures are also higher by ~0.7% and that […]

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Cable pushes to near five-month highs as dollar stays weaker on the day

GBP/USD climbs to a fresh session high of 1.2869 For bank trade ideas, check out eFX Plus The dollar is slipping further on the session now as we see the likes of EUR/USD approach 1.1730 and USD/JPY fall to a low of 107.25. Adding to that, cable is also extending gains to fresh highs on […]

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EUR/USD climbs to near two-week high as dollar keeps weaker to start the week

EUR/USD touches a high of 1.1317, the highest level since 24 June For bank trade ideas, check out eFX Plus Buyers are looking to capitalise on a push above 1.1300 going into North American trading, with price now looking towards the swing region around 1.1325 next. As the near-term bias stays more bullish and buyers […]

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Cable keeps at three-week highs around 1.2400 amid weaker dollar

GBP/USD continues to look perky to start the week See here for global coronavirus case data The pair touched a high of 1.2426 earlier in the session, testing the 61.8 retracement level of its recent downswing last month, before retreating a little amid the China trade report. The dollar pared some losses on that in […]

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