Daily reviews

The single currency fluctuated the euro in a narrow range slanting up during the Asian session to witness its bounce for the second session in four sessions from the lowest since March 25 against the US dollar on the cusp of developments and economic data expected today by the economies …

Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session amid the US dollar index rebounding for the second session in four sessions from its highest since March 26, according to the inverse relationship between them on the cusp of developments and economic data …

The US dollar fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce to the fifth session in seven sessions from the lowest since March 18 against the Japanese yen after the speech of the Japanese Central Bank Governor Haruhiko Kuroda at the …

AUDUSD 

The pair is supported as the Chinese economy is recovering and the pandemic’s peak is expected to be passed soon, as well as by RBA’s leaving the interest rates unchanged. As the pandemic subsides, the US dollar will weaken further amid the stimulus measures by the Fed and the …

AUDCHF

The overall trend is downward. A reversal wave model has formed, where the waves C H8 and C H2 are truncated. Awesome Oscillator shows a bearish divergence, and Stochastic Oscillator signals overboughtness.

Trading recommendations:

Sell strictly while a descending wave pattern is forming, where wave A breaks through the …

#TATN

No new OPEC+ deal has been reached so far. The lack of agreement on oil production cut will lead to a further decrease in oil prices. The oil consumption has decreased, pushing down the prices.

The overall trend is downward. A bearish divergence has formed on Awesome Oscillator, and …

USDCAD 

OPEC+ is to hold a video conference on Thursday on the proposed oil output cut. The meeting is expected to bring positive results and cause a further local growth in oil prices. This will support commodity currencies, including the Canadian dollar. CAD may continue to get stronger in the …

The US dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its bounce for the fourth session in six sessions from the lowest since March 18 against the Japanese yen after the developments and economic data that it had reported on the Japanese …

Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session, while the US dollar index resumed its rebound from the lowest since March 17th for the sixth session in nine sessions, according to the inverse relationship between them on the threshold of developments and …

The single currency, the euro, fell during the Asian session to witness its rebound to the seventh session in nine sessions from the top since last March 17 against the US dollar amid the scarcity of economic data by the economies of the euro area and on the cusp of …