Jin: Daily Currency Analysis (25 November 2020)
USD Overview Yesterday, USD weakened against all major currencies. The Preliminary GDP q/q data (Forecast: 33.1%, Previous: 33.1%) will be…
Forex update AUDUSD buy trade idea
There is a strong risk on sentiment and the AUDUSD has broken out through resistance at 0.7340, I will wait…
XE Market Analysis: Asia – Nov 24, 2020
The Dollar ran higher into the N.Y. open and beyond on Tuesday, taking the DXY from 92.19 to 92.55. The…
XE Market Analysis: North America – Nov 24, 2020
The dollar and yen came under pressure as risk-on positioning re-established. Pound outperformance was another theme. The MSCI Asia-Pacific ex-Japan…
AUD/USD Remains on the Upside
AUD/USD has resumed the upwards move after a brief pause. The pair is currently trading at 0.7362 with immediate resistance…
GBP/USD is Stable Despite A Decline in UK PMI Indices
GBP/USD remains steady despite the data released today showed a decline in PMI indices. The UK composite index dropped to…
EUR/GBP Continues Trading in the Bearish Channel
EUR/GBP continues to trade in a strong bearish channel. The pair has been moving in the descending channel ever since…
XE Market Analysis: Europe – Nov 24, 2020
The dollar bloc and other commodity and cycle currencies have gained amid risk-on positioning in global markets, though many bellwether…
Gim Hong: Upbeat U.S. PMI Data
Business activities spiked Sharp rise in hiring in the services sector Inflation rose sharply Business activities in the U.S. spiked…