oufxbm

Some recovery for pound as dollar also treads water

The bid tone around the AUD strengthening, pushing the AUD/USD pair higher by 30 pips on reports that the US is considering a currency pact with China as part of a partial trade deal.As of writing, the pair is trading at 0.6746, having high a high of 0.6756 soon before press time.The risk sentiment improvedContinue reading “Some recovery for pound as dollar also treads water”

What’s still on the cards for forex traders this week?

West Texas Intermediate crude has been under pressure in Asia and spike to a fresh daily low following the trade talks headlines which sparked off a risk-off session today.Overnight, on a spot basis, WTI was up some 0.20% into the close on Wall Street, having climbed from a low of $52.28 only to be rejectedContinue reading “What’s still on the cards for forex traders this week?”

New week on the horizon: what’s on?

BTC/USD had a heavily bullish Wednesday, wherein the price went up from $8,181.60 to $8,595. In the process, the price managed to break past the $8,500-level for the first time since September 25. The hourly breakdown shows us that BTC/USD jumped from $8,15.25 to $8,639.45 in just five hours. After failing to get past theContinue reading “New week on the horizon: what’s on?”

Monday in the forex markets: what’s ahead?

The USD/JPY pair reversed an early Asian session dip drop to the 107.00 neighbourhood and rallied to over one-week tops in the last hour, albeit quickly retreated few pips thereafter. The pair built on this week’s goodish bounce from the weekly bearish gap opening and gained some follow-through traction on Wednesday in reaction toContinue reading “Monday in the forex markets: what’s ahead?”