• NZDUSD broke support area • Further losses are likely toward 0.6300 NZDUSD recently broke through the support area lying between the key support level 0.6380 (which reversed the previous sharp short-term impulse wave 1 at the start of August) and the support trendline of the wide daily down channel…

• Silver broke resistance level 18.18 • Further gains likely toward 18.50 Silver under strong bullish pressure following the earlier breakout of the long-term resistance zone lying between the strong resistance level 18.18 (former multi-month high from September of 2017) and the 61.8% Fibonacci correction of the previous long-term ABC…

AUDUSD dropped to August 7th Low near 0.66800 in the start of the Asian Session after President Donald Trump said Beijing requested new China trade talks after both sides escalated the trade war on Friday. The pair dropped to almost 0.58% forming a bearish gap below the Friday NY close.…

The greenback losing its daily gains after the most awaited fundamental release for the day, Fed Powell speech. The Federal Reserve Chairman J. Powell said " economy to be eyed by the Central Bank and act as needed, but failed to give any clues on interest rate cuts. He also…

The dollar was broadly higher in early trading in Europe Friday in generally quiet trading ahead of a keenly-awaited speech by Federal Reserve Chairman Jerome Powell at 10 AM ET (1400 GMT). At 3:30 AM, the dollar index, which tracks the greenback against a basket of currencies, was up some…

EURUSD rose in the early sessions today as the eurozone Markit PMI was released as better than expected for the month of August. The Germany Markit PMI Composite rose to 51.4 vs 50.5 expected whereas the Markit Manufacturing PMI rose tp 43.6 vs 43.0 expected and the European Union Markit…

USDCAD dropping for the second consecutive day, after it rebounded at August 07 high at 1.33450. The U.S Dollar spiked overnight to 97.95 as the Italy Italy's Prime Minister Giuseppe Conte announced his resignation on Tuesday. The Canadian Core Consumer Price Index (YoY) dropped to 2.0% vs 2.3% expected, whereas…

Here are the top 5 things to know about in financial markets on Thursday, 15 August. 1. China Threatens Retaliation to Trump’s Latest Tariffs China signaled it will retaliate against U.S. President Donald Trump’s initiative to put tariffs on effectively all remaining imports from China. A statement from the State…

AUDUSD loses yesterday's daily gains and is currently trading at 0.67500 support for the third time since Monday. The Chinese Economic data which was released in today's early sessions came out to be worst than expected which made the pair drop to 0.67500 support losing 0.78%. The retails sales for…

EURUSD still consolidating in 1.11800 - 1.12000 region since 06 August, 2019. The pair dropped on Monday's session but recovered it loss in a couple of hours continuing its consolidation in 1.12000 area. In today's early sessions, the Euro experienced the worst than expected Economic Sentiment which is published by…