AUDUSD  The Australian dollar had performed an uptick following the unexpected rise of the interest rate from RBA. This reaction might be temporary, though now Aussie is of the few curr… Read More

TODAY EURUSD SIGNAL : EURUSD licks Fed-led wounds above 0.9800, ECB’s Lagarde, US ISM PMI eyedEUR/USD struggles to defend the bou… Read More

EURUSD struggles to bounce The US dollar drops after an uptick in last month’s unemployment rate. Sentiment towards the euro grew a tad more bearish after it fell below 1.1850, th… Read More

In the FX, the US dollar continues dictating the overall direction. The EURUSD and the GBPUSD gave back their early-week gains on the back of a global rebound in the US dollar. Provided the… Read More

Despite the stellar US jobs report on Friday, markets are trading with a risk-off approach subsequently as the spread, and deaths resulting from the coronavirus accelerate. The number of de… Read More

Dollar eases off slightly The stronger-than-expected increase in US nonfarm payrolls for June reported last Friday saw US yields tick higher and the US dollar following suit on Friday. The… Read More

Dazed and confused  It was a hectic day in Asia as virtually everyone had a different read or take of yesterday’s FOMC. I guess we can assume that the extremely mixed trading sess… Read More

EURUSD Non-Commercials increased their net long positions in the Euro last week buying 25k contracts to take the total position to 88k contracts. Positioning adjustments in the single curre… Read More

The US nonfarm payrolls data will be released today by the Bureau of Labor statistics at 1230 GMT. Heading into the event, the consensus estimates for the month of April are as follows: Mont… Read More