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”
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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?”
Trading forex club 