FX

AUD/USD seeks fresh clues to extend two-day uptrend. Doubts over tapering, cautious sentiment before the key Thursday and trade/political tussles concerning China weigh on the mood. Mixed messages over covid, vaccines trouble traders amid a light calendar. AUD/USD holds onto the previous two days’ gains inside a range surrounding 0.7750 during the early Tuesday morning

Signs of bottoming have been spotted for these growth stocks — TIGR, FUBO, SKLZ. Watch the video below to find out how you can participate via low risk entry with either breakout trading or pullback trading before they take off. [embedded content] Timestamps 0:16​ TIGR (UP Fintech Holding Limited) 6:21 FUBO (FuboTV Inc) 12:53​​​​ SKLZ (Skillz Inc)

GBP/USD Forecast: To 1.40 or 1.42? All eyes on US Nonfarm Payrolls Sterling has succumbed to data and Fed-related dollar strength. Nonfarm Payrolls and also worries about the Delta variant are set to move the currency pair. Friday’s four-hour chart is showing that cable is at crossroads. Down but not out – that is probably

USD/CAD fell sharply in the early American session. Nonfarm Payrolls in US rose less than forecast in May. Employment in Canada declined by 68,000, Unemployment Rate rose to 8.2%. The USD/CAD pair rose to its highest level in a week at 1.2134 on Friday but turned south in the second half of the day. After

The corrective downside in AUD/USD is seen facing a solid support around 0.7625 in the next weeks. Key Quotes 24-hour view: “The sharp plunge in AUD to an overnight low of 0.7646 came as a surprise. The rapid decline is deeply oversold and while AUD could weaken further, it is unlikely to threaten the next

Dallas Fed President Robert Kaplan reiterated on Thursday that he would rather see the Fed take its foot a little off the gas pedal sooner rather than later, as reported by Reuters. Additional takeaways “The spending tailwind for the US rconomy looks strong.” “Right now, balance of power is to the worker, who can wait for a better

Reuters came out with the news during early Thursday, quoting the British High Commissioner to Australia Vicki Treadell, “Britain and Australia held another round of talks to progress a free trade deal.” Additional comments… We are working hard to have an agreement in principle at the bilateral between Prime Ministers Johnson and Morrison on June

AMC shares smashed record high  and hit $61.90, trading halted Traders are out to squeeze the shorts as Mudrick bails out. AMC surpassing GameStop frenzy from January in a new epic. Update June 2: Shares of AMC  soared to $61.72, up over 92% on the day. Mid-US session, trading has been halted. The movie theatre chain

One-month risk reversal on USD/CAD, a measure of the spread between call and put prices, turns red for the first time in over a week, not to forget marking the heaviest bearish bias since May 20, according to data source Reuters.  A call option gives the holder the right but not obligation to buy the underlying

The Canadian economy rose at a 5.6% rate during the first quarter according to data released on Tuesday, slightly below expectations. According to National Bank of Canada analysts, the report does not change their view for strong growth in the second half of 2021. Key Quotes: “While real GDP growth in Q1 was below consensus

Analysts at HSBC raised their forecasts on the Chinese yuan, as they see the currency strengthening more than expected recently. Key quotes “Q2 6.25 vs. prior forecast at 6.5, Q3 6.45 vs. 6.5 previous. “ “By end-2021, USD/CNY will revert to 6.6.“ “Net FX inflows to China have moderated slightly YTD.” “Expect this narrowing trend

Lee Sue Ann, Economist at UOB Group, sees the RBA leaving the policy rate unchanged at its meeting on June 1st. Key Quotes “We continue to expect the cash rate to remain unchanged until 2024 and expect a full AUD100bn extension of quantitative easing (QE) beyond the second round”. “That said, we think that Yield

What you need to know on Monday, May 31: Market players are still willing to sell the greenback on upward moves, suggesting the American currency will remain on the backfoot these days. The greenback keeps moving alongside US government bond yields, which reflect US inflation expectations. Upbeat US data provided temporal support to the USD,

Previewing next week key data releases from the US, “payrolls probably rose strongly by pre-covid standards but we see some downside risk versus the consensus again this month,” said TD Securities anaysts.  Key quotes “Our forecast implies a still-sizeable 7.7mn net decline from the pre-COVID level. The unemployment rate probably resumed its downtrend after a surprising

GBP/USD trims losses as the US dollar pulls back, remains in the range The GBP/USD bottomed before the release of US data at 1.4135 amid a rally of the US dollar across the board. Afterward, the greenback lost strength favoring a rebound in cable back above 1.4150. The intraday bias still points to the downside

Here is what you need to know on Friday, May 28: It was AMC day on US stock markets on Thursday as the cinema operator totally took control of the volume profile, outdoing every mega-cap and growth stock in the process. AMC rose over 35% as retail and perhaps some other operators stoked the fizzle

XAU/USD continues to edge lower after failing to close above $1,900. Rising US Treasury bond yields weigh on gold in the second half of the week. US PCE inflation preview: Gold remains key asset to watch. The XAU/USD pair reached its highest level since early January at $1,912 on Wednesday but ended up closing the

Asian shares struggle to keep recent gains around two-week top. Sino-American trade chatters are back in fashion, RBNZ’s Orr weighs on NZX 50. Aussie Capex, China Industrial Production came in softer for April. US Treasury yields remain firm, test the market bulls ahead of the key data. Asian equities remain sidelined around the fortnight top