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AUDUSD: Strong Resistance Ahead at 0.6973

AUDUSD: Strong Resistance Ahead at 0.6973

The Aussie dollar started the week higher at 0.6956 registering gains for fifth straight session amid USD weakness. AUDUSD hit the low at 0.6830 the previous week but managed to rebound after FED opened the door for interest rate cuts before the end of the year. Aussie economy is at [...]
EURUSDDaily

FX Markets: Ifo Will Drive Markets Today

EURUSD traders today await from Germany the IFO survey for month of June, which will be released at 08:00GMT. In UK the political developments will drive GBPUSD for one more day, While China – USA trade talks will also be on focus as President Trump and Xi Jinping will meet [...]
Crude oil settles 10% higher for the week

Crude oil scores 10% weekly gain

Crude oil continues the trip north adding more than 0.60 percent to $57.52 as the dollar denominated assets buying frenzy continues. Central bank easing both from RBA, ECB and FED, along with an escalation in USA – Iran tension leads to stronger demand for crude oil. A report that President [...]
Nasdaq: Profit Taking on the Table

Nasdaq: Profit Taking on the Table

The Nasdaq Composite Index under performed today giving up 0.17 percent to 8,038.66 while the Dow Jones Industrial Average (DJIA) adds 43.42 points, or 0.16 percent, to 26,794.31, and the S&P 500 trading 0.03 percent lower to 2,993.60. Wall Street is heading for third week in a row with gains. [...]
GBPUSD Climbs Above 1.27

GBPUSD Climbs Above 1.27

GBPUSD trades at 1.2708 after seesaw above and below the 50 hour moving average the last trading hours of the week managed to break convincingly above 1.2686 and currently breached the 1.27 as we are heading to closing bell.  Pound got a boost after FED left interest rates unchanged as [...]
NZDUSD: Rejected at 0.66

NZDUSD: Rejected at 0.66

NZDUSD started on positive foot the week with four consecutive positive sessions but today the pair found strong resistance at 0.66. The pair got a hand from FED dovish comments that send the USD lower across the board. The previous week the pair retreated from two month high at 0.6675. [...]
European Equities Update

European Equities Update

European equities trading cautiously higher in early trade on Friday following a strong performance on Wall Street as S&P 500 hit a record closing all time high at 2,954 and a mixed session in Asian markets with investors sentiment fragile by escalating tensions between the Iran and US. A report [...]
Gold: Nervous Trading Around 1,400

Gold: Nervous Trading Around 1,400

Gold continues the impressive rally making fresh five year high at 1,411. USD weakness and an escalation in USA – Iran tensions around the Hormuz Straits boosts gold.  Short covering also helped for the gold to reach 1,411 a level that we haven’t seen since 2013. FED dovish minutes opened [...]
EURUSD: Short Term Bullish Picture

EURUSD: Short Term Bullish Picture

Euro is adding 0.09 percent to 1.1302 after a quiet Asian trading session as traders digest the FED decision and the dovish approach. Earlier today the pair got a lift from better than expected German figures. The German Markit PMI Composite index came at 52.6 beating analyst’s expectations of 52.5 [...]
Bitcoin: New Yearly High at 9,800

Bitcoin: New Yearly High at 9,800

Βitcoin (BTCUSD) continues higher for one more day breaking above the 9,500 mark at 9,800 making 2019 new high and retreated fast to 9,700.  The daily low for BTC was at 9,437 and the daily high at 9,800. Bitcoin capitalization jumped above 171 billion. The market capitalization of the top [...]