FX

Gold Price Analysis: XAU/USD stays en route $1,777 on NFP day – Confluence Detector Gold consolidates the heaviest losses in over a month around $1,795 during early Friday. The yellow metal dropped to a nine-week low the previous day before recovering from $1,785. While the broad US dollar gains remain on the table, which has

AUD/USD has dropped below its 50DMA and the psychological 0.7600 level. However, AUD is holding up well amid strength in stock markets, as focus shifts to Friday’s NFP numbers. AUD/USD has been on the back foot in recent trade this Thursday, dropping below its 50-day moving average at the psychologically important 0.7600 level. More than

EUR/GBP stays mildly bid near intraday high, rises for the second consecutive day. Bullish MACD, sustained recovery from weekly low favor the bulls. BOE is likely to keep the monetary policy unchanged, signals for negative rates will be the key. EUR/GBP takes bids near the intraday high of 0.8831 ahead of Thursday’s European session. The

On Thursday, the ISM service sector report for January showed better-than-expected numbers, with the main index hitting multi-month highs. The employment component showed a significant increase and analysts at Wells Fargo revised higher their expectations for Friday’s Non-farm payrolls.  Key Quotes:  “According to the ISM services index, the groundhog was wrong—it could be an early

GME shares collapsed below $80 but rally to over $140. Robinhood raises limit on purchases to 100 shares. Mark Cuban on CNBC discusses Gamestop. Update Wednesday February 3: The shares in Gamestop (GME) stalled their brief recovery stint into Tuesday’s closing, as the stocks suffered a 60% decline on a daily basis. The shares of the

GBP/USD drops to one-week lows, near 1.3600 The GBP/USD dropped further on the back of a stronger US dollar across the board and bottomed at 1.3610, the lowest level in a week. It remains near the lows, under pressure as the DXY holds firm to gains. Wall Street soars, higher yields, stronger dollar The greenback

NYSE: CCIV is set to extend its gains by over 20% on Monday. Speculation about an imminent merger with Lucid Motors is behind the upswing.  The “Tesla-killer” electric vehicle company could draw investor attention from other shares. Update: Churchill Capital Corp IV (NYSE: CCIV) settled Monday nearly 10% higher after reaching as high as $25.95. The price,

The bias in the USD/MXN favors the upside, some consolidation likely before next move higher. Key moving averages are starting to turn north supporting the greenback. The USD/MXN is trading flat on Monday, retreating from the monthly high it hit last week above 20.55. The short-term trend points clearly to the upside and currently it

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What you need to know on Monday, February 1: Investors attention was diverted away from the FX board, amid turmoil in equities. The American dollar benefited from a dismal market mood but traded within familiar levels against its European rivals. Commodity-linked currencies and the JPY were the most affected by risk-aversion. Gamestop shares soared amid

GBP/USD has slipped back from session highs around 1.3750 and is back under 1.3700. Volumes are now dropping off, however, as the weekend approaches. Liquidity is dropping off and news flow slowing down as a very choppy week draws to a close. GBP/USD is ending the session towards the upper end of this week’s range

Major US bourses dropped on Friday as investors fret about the fall-out of the recent retail trader induced frenzy on financial stability. The S&P 500 and Dow both erased their gains for the year. It was an ugly finish to the week on Wall Street with all three major indices dropping and no sector spared

GME share price rises 60% on Friday as Robinhood lifts certain restrictions. SEC comments on recent stock market activity. Related stocks AMC, BBBY and BB all rise on Friday. Update: Shares in Gamestop (GME) resumed their recent surge on Friday, bouncing back from heavy losses seen on Thursday. GME shares were up 60% at $314

AUD/USD stays heavy around mid-0.7600s, stands on a slippery ground off-late. Bearish MACD, notable pullback from 21-day EMA favor sellers. Bulls have multiple trend lines as additional barriers to entry. AUD/USD stays pressured around 0.7645, down 0.50% intraday, during early Friday. The pair dropped to the lowest in a month the previous day before bouncing

APPLE, Daily Apple Inc, once again the largest company in the world by market capitalization, published better than expected Earnings for the vital October-December quarter after the markets had closed down significantly last night. The Apple share price closed down only  -0.77% in anticipation of the results, compared to the wider loss on the Nasdaq

GBP/USD drops for the second consecutive day while fading bounces off 1.3650. EU demands UK covid vaccines from AstraZeneca to make up for slack at home. Imperial College London hints virus infection stable or falling slightly off-late. US GDP is less likely to reverse Fed-led losses but surprises can’t be denied. GBP/USD is currently offered

Gold has been on the back foot amid a stronger dollar in recent trade, dropping to the low $1830s recently. A stronger dollar amid risk-off and dovish ECB news has weighed on precious metal markets. Spot gold prices (XAU/USD) have been on the back foot in recent trade, dropping from early European morning session highs

Italy’s Prime Minister Giuseppe Conte resigned on Tuesday, ushering in a phase of political instability that could lead either a new government or to elections this spring, as noted by macro analyst Holger Zschaeptiz.  Bond markets, however, showed no signs of stress on Tuesday. The spread between the 10-year Italian and German government bond yields