FX

GBP/USD Forecast: Cable is not Kane, why sterling is unlikely to benefit from a rebound Harry Kane has taken England’s football team to its first final since 1966 – taking advantage of a rebound seconds after he missed a penalty kick. Can cable also rebound from its lows? That seems a tall order, and not

GBP/USD holds on to corrective bounce off weekly low. Bullish candlestick above 200-DMA favors further consolidation of previous losses. Falling wedge confirmation could bolster the recovery moves. GBP/USD remains sidelined near 1.3800 amid Thursday’s Asian session, following a volatile day that marked a candlestick suggesting trend-reversal. The odds of the pair’s up-moves also benefit from

Apple stock continues to head for all-time highs. AAPL broke the key resistance level at $137. Apple’s mega tech FAANG peer-group GOOGL, FB and AMZN have already set record highs. Apple stock continues to trend very strongly toward making fresh all-time highs. Tuesday saw the mega tech leader add another 1.47% to a steady rise

EUR/USD stays pressured after reversing from three-week-old resistance line. Bearish MACD adds to the downside momentum towards a descending support trend line from early May. Yearly bottom can lure bears below the support line, bulls may refrain entries below horizontal line from March 11. EUR/USD bears take a breather around 1.1820, following the heaviest daily

UOB Group’s Economist Lee Sue Ann suggests the Bank Negara Malaysia (BNM) would leave the policy rate unchanged at 1.75% at its meeting on Thursday. Key Quotes “With additional fiscal aids to cushion the impact of full lockdown, we expect BNM to monitor the fluid situation.” “Resumption of rate cuts may be tough in an

Late Monday, Reuters unveiled good news for travelers from the UK, India, Portugal and Russia suggesting their citizens can now travel to Germany and quarantine on arrival for 10 days. “The quarantine period can be shortened to five days if they test negative for COVID-19,” added Reuters. The news also mentions, “Prior to the change

DIDI under regulatory spotlight, the company only launched in New York IPO last week. China’s Cyberspace Administration begins investigation into DIDI and others. Investors and backers of DIDI include Softbank (SFTBF), UBER, and Tencent (TCEHY). DIDI launched to much fanfare on the New York stock exchange last week, raising nearly $5 billion in the process

WTI starts off the day on the offer as traders await news from OPEC. The price of oil is a touch lower, -0.12% and trades between 75.00/0.7520 for the open. OPEC’s alliance has been put to the test in recent days. The latest updates with regards to the talks that are dragging on and after the United

GBP/USD analysis: Reaches below 1.3750 The 1.3820 level provided enough resistance for the GBP/USD to pass below the lower trend line of the channel down pattern, which guided the rate since June 23. During Friday’s trading hours, the rate fluctuated sideways near the 1.3750 mark. In theory, the pair should decline, as it has no

Silver attracted some buying near 200-hour SMA and edged higher on Friday. The near-term technical setup remains tilted firmly in favour of bearish traders. A sustained move beyond the overnight highs is needed to negate the bearish bias. Silver stalled the previous day’s retracement slide from two-week tops and attracted some dip-buying on the last

The markets are now in wait and see mode for the NFP. NZD/USD sits near the lows as it consolidated another bid in the greenback. NZD/USD is down some 0.2% in the early stages of Friday in Asia as traders walk in with US Nonfarm Payrolls slated for the US session. At the time of

The policymakers of the European Central Bank will hold a special meeting in Frankfurt next week to reach a decision on a new definition of price stability, as a part of the institution’s strategy review, Bloomberg reports, citing David Marsh, Chairman of the Official Monetary and Financial Institutions Forum. Key takeaways “The meeting is expected to start

NZD/USD is under pressure again as the US dollar soars to fresh highs.  All eyes will now be with the NFP event on Friday while otherwise, bets are on a recovery in NZD. NZD/USD is currently trading at 0.6984 and is a touch lower on the day after having its wings clipped again on US

Gold (XAU/USD) is approaching the 2019-2021 uptrend line at $1735, which is expected to hold the initial test, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. See – Gold Price Forecast: XAU/USD to continue suffering bearish pressure this week – OCBC Gold remains above the 2019-2021 uptrend line at $1735 Gold stays directly

Sterling dips on COVID-19 jittters The currency markets are in a holding pattern, as investors cast an eye to Friday, when the US releases Nonfarm Payrolls. The dollar index has managed a slight gain on Tuesday, rising 0.21% to 92.06. The British pound dropped below the 1.39 line overnight. With concerns growing over the resurgence

Apple shares continue on their target of new record highs. Big tech names and Facebook (FB) especially all register gains. Apple targets $137 resistance on its way to new highs. Another day of solid gains for AAPL stock on the way to test the next resistance level at $137.07. Apple shares have been on a

Tesla stocks gives up some gains on Friday. TSLA still set for further gains after wedge breakout. A software recall on Tesla cars in China, not hurting premarket performance. Tesla shares gave up some recent ground on Friday as the stock closed just over 1% lower. But the shares still registered some impressive gains earlier in the

The European Central Bank (ECB) executive board member Fabio Panetta said on Monday that the “risk of second-round inflation effects remains limited.” Additional quotes “Do not seem to be on the path that the economy runs “hot”.” “The policy mix in Europe today is clearly superior to what we had before.” “Likelihood that Eurozone demand