The economic calendar was relatively calm this week. The only major events in it were the RBA interest rate decision and the Canadian jobs numbers. The US dollar weakened against key currencies while gold price reached the highest level in more than 7 years. Global stocks wavered as US tensions […]
The S&P 500 Index continues to struggle to attain new highs, as a slew of negative data battles against positive news surrounding possible breakthroughs in the search for a coronavirus cure or vaccine. Earlier in the day, Gilead Sciences posted an announcement that its clinical trials of Remdesivir showed a […]
Copper prices are rising steeply. Why? Sign up to find out the reason behind the price action.
Alibaba retreat from record highs that register yesterday amid a strong rally in the technology sector in USA and China. AliExpress Russia announced that it is targeting for annual sales of $10 billion by 2022-2023
The Nasdaq 100 continues to tilt between gains and losses on the day. The tech-heavy index started the day on a high, as it attempted to retake yesterday’s all-time highs. However, several news releases which are producing conflicting sentiment have hit the newswires, ensuring the Nasdaq 100 continues to seesaw […]
USDMXN retreat after earlier today rejected for the second time at the 100-day moving average. During July the pair is hovering around the 50 and 100-day moving average after the correction from multi-year highs
USDCAD fails to show major response to upbeat Canadian jobs data. Sign up to find out why.
The Dow Jones futures extend loses to almost 100 points as investors turn their back to risky assets amid the rising number of coronavirus cases in some U.S. states and Tokyo overnight.
Silver price (XAGUSD) is bouncing back today as traders continue to watch out the rising risks emerging around the world. The metal is up by 0.50% and is trading at $18.76, which is close to yesterday’s high of $19.02. Other metals are also rising, with gold and copper price rising...
EURGBP finds support at the 50-day moving average at least for now as it hit the daily lows at 0.8945 and bounced above the 0.8950 mark. Euro reacted positively on better than expected economic news