Swiss Franc Technical Outlook – Talking PointsNZD/CHF weakness may accelerate on possible Death Cross Formation CHF/JPY may see a near-term breakout from a Falling Wedge pattern NZD/CHF Technical OutlookThe Swiss Franc has strengthened against the New Zealand Dollar this week, with NZD/CHF tracking near a 0.75% loss through Thursday....
In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) reference rate at 6.4650 vs the previous fix at 6.4651 and a previous close at 6.4701. About the fix China maintains strict control of the yuan’s rate on the mainland. The onshore yuan (CNY) differs from...
Thursday's session was a session in which many companies presented their quarterly results for the second quarter. Among these company results, the highlights included the likes of Intel, Twitter and AT&T. Just a few days ago, we commented that Intel might be interested in acquiring GlobalFoundries...
NZD/USD rejects Thursday’s pullback near intraday high, consolidates weekly losses. New Zealand PM Ardern suspends quarantine free travel with Australia. Mixed covid updates, vaccine news jostle stimulus optimism amid a quiet session. Preliminary PMIs for July eyed, risk catalysts stay on driver’s seat. NZD/USD stays on the front foot...
GameStop’s spectacular rise and fall signals that a new age of financial market trends may be emerging. What does that mean for volatility? GME, MEME STOCKS, SOFI, CLOV, WISH, NEGG - TALKING POINTS:GameStop’s (GME) volatility and its echo into markets may be the start of a new trendIrrationality of...
USD/JPY bulls awaiting for bullish structure and prospect of a daily upside continuation. Reverse head & shoulders could be in the making.  USD/JPY is flat on the day so far at 110.16 sticking to a 110.07 and 110.16 range. The US dollar was mixed against G10 FX following the European Central...
GOLD PRICE OUTLOOK:Gold prices extended lower toward $1,800 amid revitalized reflation optimism The ECB interest rate decision and bond purchase guidance will be in focus todayThe world’s largest ETF saw 4.9 million shares of net outflow so far in July Gold Price - DailyGold prices extended lower during Thursday’s...
DXY pares intraday losses, keeps bounces off 92.55 support confluence. MACD eases bearish bias but bulls are reluctant around multi-day tops. US Dollar Index (DXY) picks up bids to 92.83 amid early Friday. In doing so, the greenback gauge keeps the previous day’s bounce off a convergence of 100-SMA...
The market mood remains cautiously optimistic on the final trading day of this week amid no reprieve on the coronavirus front, as a fresh blow hits the Asia-pac sentiment. With Japanese markets out on a public holiday, subdued trading activity extends after Chinese stocks opened in the red....
CRUDE OIL PRICE OUTLOOK:Oil prices pulled back slightly during APAC trade after rising 5.7% a day agoA stronger US Dollar and elevated viral concerns appear to weigh on pricesUS crude inventories unexpectedly climbed, pausing an 8-week outflow streak Crude oil prices pulled back slightly during Thursday’s APAC session after...