Friday, December 4, 2020

EUR/USD: US-China trade-led risk-off may cap upside

EUR/USD created a bullish engulfing candle Friday, aborting the short-term bearish view. A break above Friday's high of 1.1205 would strengthen the case for a...

USD/CNH hits highest since Jan. 23 on Trump's tariff threat

USD/CNH opened the week higher and hit a 3.5-month high of 6.8140 on Trump's China trade threat.  Trump tweeted on Sunday that he would raise...

United Kingdom Halifax House Prices (3m/YoY) above expectations (4.5%) in April: Actual (5%)

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Thailand: BoT likely to keep policy unchanged – TDS

Analysts at TD Securities suggest that the Bank of Thailand is likely to keep policy unchanged at 1.75%. Key Quotes “BoT is in data-monitoring mode and...

DoubleLine's Jeffrey Gundlach: Better than 50% chance of higher China tariffs

The probability of US raising import tariffs on Chinese goods to 25% from the current 10% is higher than 50%, DoubleLine CEO Jeffrey Gundlach...

Venezuela loosens currency exchange controls to allow forex trading

© Reuters. FILE PHOTO: A woman change dollars for bolivars at a money exchange in Caracas CARACAS (Reuters) - Venezuela will allow local banks to...

Possibility of an escalation of China-US trade war is seriously increasing – Global Times

According to the editor-in-chief of Chinese news outlet Global Times, Hu Xijin, the situation surrounding the U.S.-China trade conflict is "more tense than the Western...

NZD/USD Technical Analysis: Remains vulnerable to slide further below YTD lows, towards 0.6550 area

   •  The pair failed to capitalize on the post-NFP rebound and remained under some selling pressure for the second consecutive session on Monday,...

EUR/JPY Technical Analysis: Further retracements likely below 126.24

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WTI technical analysis: Immediate resistance-line holds the gate for an upside to $64.75/80

Nearly 2-week old trend-line questions energy buyers targeting recent highs. Latest bounce low around $60.30 could restrict near-term downside. WTI is on the bids around $62.30...