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EUR/USD is expanding Monday’s bullish push, following reports that President Donald Trump is exploring an additional monetary stimulus plan. The pair went over the 200-week simple moving average (SMA) of 1.1332, a couple of minutes before close, and is presently exchanging at highs close to 1.1345. The currencies jumped by over 0.6% on Monday, forming

As the week progresses, traders of GBPUSD will face rocky days as the trade talks continue early this week followed by data releases from both the UK and the US.   Important Events to Take Note Of Today, UK PM Boris Johnson and EU Comm President Ursula Von der Leven will resume the trade talks

Gold prices fall to $1,732 from $1,739.95, the highest recorded since June 2, during Thursday’s early trading. Despite its recent surge, the yellow metal slightly weakened as the USD strengthens. The greenback appears to gain from the recent US-China strains, along with the extensive risk-aversion tone while rebounding from the 3-month low. In contrast, the

The theme for the week was risk-on trading which helped push the AUD and the NZD upward. As these are risk-on currencies, their strength meant that the USD, being a risk-off currency, fell flat. Even if the US data was shown to be rather favorable after the NFP, the US still predominantly. fell.   US

USD/JPY posts 0.28% loss while weakening to 108.13 on early Tuesday. The pair lately dropped to 107.92 under 100-bar SMA, however, oversold RSI conditions may have caused its pullback from May-June upside. The quote’s weakness appears to take hints from the change in risk-sentiment that bolsters the Japanese yen. Notwithstanding North Korea’s declaration to cut

With the release of the NFP and Unemployment Data, the USD was able to surge its way upward leaving the precious metal in the dust. As the US sees positive data, it’s possible to that the greenback can gain traction that can help it recover. Let’s take a look at what may happen.   NFP

USD/JPY stays consistent around 109 currently, uniting the reestablished uptick to new two-month highs of 109.04. The spot is between the growth-based US dollar rebound and varying sentiment on the Asian equities, as US-China pressures keep on throwing a foreboding shadow on the global recovery. The focus currently moves towards the US jobless issues on

In the past few days, there was a possibility of the USD becoming a safe haven due to global tensions that have been sparked by the US/China word war, US riots and looting, and overall global economic issues. However, global assets seemed to have rallied as the USD slides allowing risk-on assets like the GBPUSD

The AUD/USD gains after the Reserve Bank of Australia (RBA) reported no adjustment in its monetary policy. With this, the pair steers clear of the previous bearish inclination as the central bank of Australia lauded its financial system while likewise saying that the intensity of the downturn will be less than expected. Earlier today, the

The US Dollar dropped when the riots broke out from last week all the way up until the weekend. This was able to give other risk-on assets such as the GBPUSD a chance to improve on their status.   The Fate of the USD Amid ISM Data While the USD has been hit pretty badly