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NZDUSD: Corrective Wave from 2 Month High

NZDUSD: Corrective Wave from 2 Month High

NZDUSD is in corrective mood this week as the pair retreats from two month high at 0.6675. USD was under selling pressure the previous week as traders increased bets for an 85% chance of a Fed fund rate cut by August, with a total of three cuts priced by May [...]
BTC Breaks above 8,000 within Minutes

BTC Breaks above 8,000 in a Flash Spike

Βitcoin (BTCUSD) continues the consolidation between mid 7,500 and 8,000, the daily low for BTC was at 7,493 and the daily high at 8,074. In May, BTC gained by about 60 percent, marking its best monthly performance since the huge rally back in December 2017. Ahead of the month’s close, [...]
EURUSD: consolidation around 1.13

EURUSD: consolidation around 1.13

Euro retreats below 1.13 after the recent rally at 2 month high as NFP the previous week came in worst than expected and disappointed investors. The U.S. Bureau of Labor Statistics reported that nonfarm payrolls in the U.S. rose by 75,000 in May to miss the analysts' estimate of 185,000 [...]
GBPUSD Breaks Below 1.27

GBPUSD Breaks Below 1.27 on Weak Data

Pound is trading 0.34 percent lower today at 1.2695 after weaker-than-expected UK macro data that released earlier. The UK economy contracted 0.4% in April, while manufacturing and industrial production also recorded steep declines on monthly and yearly basis. USD strength also helped to push the pair lower. The pair failed [...]
USDMXN: Peso Gains Over 2%

USDMXN: Peso Gains Over 2%

The Mexican Peso is the outperformer today after President Donald Trump has announced via Twitter that the United States has reached a "signed agreement" with Mexico and the threat of tariffs have been suspended indefinitely. Also supporting the momentum could be Friday’s disappointing employment data from the US that strengthened [...]
Nikkei Gains, Sentiment Improves

Nikkei Gains, Sentiment Improves

The Japanese Nikkei 225 benchmark continues the rally which started June 3 registering the fifth straight positive close. Nikkei 225 finished 1.20 percent higher at 21,134 after news that President Trump decided to suspend tariffs against Mexico indefinitely and better than expected trade data from China. The Japan May economy [...]
AUDUSD: Weak Below 0.70

AUDUSD: Weak Below 0.70

Aussie started the week weak giving up 0.47 percent to 0.6967, despite better than expected data from China’s exports. The China's exports rose 7.7% year-on-year, beating the expected rise of 4.7% by. Imports, fell 2.5%, missing the expected increase of 5.8% and down significantly from the 10.3% rise registered in [...]
Crude oil: A Deep Breath for Bulls

Crude Oil: A Deep Breath for Bulls

Crude oil trades close to daily high at 54 adding over two dollars as the sharp selloff which started in mid May send prices back to January 2019. Black gold will register the first positive week after three consecutive weeks with loses. The recent US-China trade war escalation and threats [...]