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The Pound has been building its bullish momentum since its fall from the breakout of the pandemic last March 2020. Nearing the end of March, the bulls pushed the price up relentlessly. However, the bullish momentum seems to slowly fade from it’s 5-month highs and an indecision in the market is starting to form a rally from

The US Dollar has been having a really rough month with the greenback moving downward consistently. The slow down in the US economy has caused the weakness in the US dollar to flare up. This gave other currencies such as the NZD and the EUR make some gains. More than that, Gold also made a

Gold uptrend takes a breather on Thursday, while there’s no clear direction with prices playing between $1,804 to $1,811. The bulls appear to be taking a load off, after a nine-year high from $1,756 to $1,818, in the last three days. However, regardless of the overnight retreat from multi-year highs and the sluggish exchange seen

AUDNZD remains one of the highlights this week. Pitting the two against each may give some good short term opportunities for these risk on currencies.   Fundamentals of NZD and AUD It’s important to note that the RBNZ has held the currency lower this month because the increase in value put immense pressure on the

Last week, the precious metal was able to reach a high of 1779 but quickly retraced back to the 1761 level with bearish pressure pushing it to a low of 1747. From there, it rose higher and is now settling at the 1768 to 1770 level.   Need for a Safe Haven The battle between

GBP/USD went down 0.10% on a day with its drop to 1.2404. The pair currently struggles to keep the ongoing optimism on Brexit amid the expansive USD dollar demand supported by the market’s risk-off stance. However, a light schedule before the US meeting urges traders to scan the market concerning COVID-19 related updates for short-term

In the last few days, the precious metal has been on a slump before today. It was in a buildup ranging movement at first but then shot out to a high of 1778.4 indicating a strong upward movement. However, gold is now retracing back to the 1767 level– possibly a short pullback before it goes

The Chinese currency, offshore yuan (CNH) have exhibited trimmed losses as Peter Navarro, the advisor of White House takes back his statement about the end of the US-China economic alliance. Navarro disclosed to Fox News initially today that US President Donald Trump has chosen to end the economic agreement with China considering the developing proof

The GBPUSD has had a turbulent week with the release of their monetary policy. During the release, the BOE decided to keep their bank rates unchanged while at the same time, boosting the QE. This lead to a short spike in price but that eventually went down.   Post Brexit EU and UK Talks Aside

AUD/JPY plunged to around 73.00 after Australia announced its May employment data on early Thursday. Having shown a 7.1% increase in unemployment, which amounted to massive lost jobs of 227,700, the pair exhibits a recorded three-day 0.87% low. Earlier today, Japan’s Economy Minister Yasutoshi Nishimura suggested halting the easing of travel restrictions across borders. The