Friday, December 4, 2020

Asia Surges Into The Bull Market FOMO Zone

Asian markets have surged this morning, dragged higher by jumps in S&P e-mini futures and a strong rally by WTI this morning. Sentiment has...

EUR/JPY Analysis: Could Continue To Decline

The common European currency declined by 43 pips or 0.34% against the Japanese Yen on Monday. The currency pair breached the 50– and 200–...

GBP/USD Breaks Out Of Range, Will The Declines Resume?

The British pound sterling is looking to finally emerge from the sideways range. This comes after price was trading below the lower support level...

AUD/USD steadies near 0.6930, looks to close at 2-week lows

The AUD/USD pair came under pressure during the Asian trading hours after the National Australia Bank's Business Confidence dropped to 2 in June from

NZD/USD retreats below 0.64 as focus shifts to US data

The NZD/USD pair rose to its highest level in four weeks at 0.6450 on Thursday but failed to close the day in the positive...

Asia Morning: U.S. Dow Up For 7th Session

On Monday, U.S. stocks closed mixed again as tech stocks lagged behind. The Dow Jones Industrial Average jumped 358 points (+1.30%) to 27791 posting...

Markets: Global risk sentiment had a tough last week – Danske Bank

Danske Bank analysts suggest that the global risk sentiment had a tough week last week with the renewed US-China trade war tensions. Key Quotes “By the...

Japan: Exports could come under renewed pressure – Danske Bank

According to Danske Bank analysts, Japanese exports could come under renewed pressure as Japan-South Korean relations are now in a very severe state (

Chances of an October Fed rate cut rise on recession fears

US ISM Manufacturing hit 10-year lows, triggering recession fears.  The probability of an October Fed rate cut has jumped to 64.7%.  The odds of the Federal Reserve...