AUD - Australian Dollar The overnight session saw the AUD rise from 0.7100 to 0.7174 against its US counterpart as US equity markets rose. US equities were bolstered by stronger than expected economic data out of the US, coupled with increased hopes that US lawmakers would soon agree to a long-await

Indian shares opened on a positive note Tuesday after a sharp sell-off in the previous session. Weak GDP data as well as heightened geopolitical tensions between India and China served to keep underlying sentiment cautious to some extent. The benchmark S&P BSE Sensex was marginally higher at 38,

Elliott Wave View of S&P 500 (SPX) suggests the rally from July 25,2020 low has ended at 3399.54 high as wave 3, which is also a new all-time high. Up from July 25 low, wave ((i)) ended at 3264.74 high and wave ((ii)) dip ended at 3204.13 low. Index then extended higher in wave ((iii)) towards 3

DXY is down smalls near the 92.30 level on Wednesday. US politics, the progress of the pandemic remains in centre stage. FOMC Minutes will be the main event later in the NA session. The greenback is trading slightly on the defensive and just above recent 2020 lows when gauged by the US Dollar Index

AUD/USD – NZD/USD AUDUSD shorts at the selling opportunity at 7125/35 stopped above 7160 but there was no follow through to the topside. I feel like the market is topping but I have to wait for a clear signal now. We'll probably see some sideways action before it is clear. NZDUSD over ran our sellin

AUD/USD consolidates the latest declines from 0.7138 after snapping the four-day winning streak. Downbeat NAB Business Confidence, federal budget announcements mix with Wall Street’s first red in five days. Escalations in the US-China tension, rising virus numbers and record low US TIPS threaten mar

European bourses are looking towards a mildly softer start after a mixed session on Wall Street. European stimulus news boosted sentiment and stocks in the previous session. However, in the US the Republicans and Democrats are struggling to reach an agreement over the next relief package, causing op

Photo: FM Retail foreign exchange (forex) broker Gaitame, has published its volumes for the month of June, joining a list of trading providers to report a rebound in trading volumes which have been declining since March. As Finance Magnates reported, in March of this year, during peak volatility a

Risk-on powers a 20-pip gain in the EUR/USD pair.  The currency pair remains trapped in a descending triangle pattern. EUR/USD is flashing green in Asia amid classic risk-on action in the financial markets.  At press time, the pair is trading at session highs near 1.1262, having put in a low of 1.1

EUR/USD, “Euro vs US Dollar” After completing the descending structure at 1.1218 along with the correction towards 1.1251, EURUSD is expected to fall and break 1.1210 and then continue trading downwards to reach 1.1180. Later, the market may return to 1.1218 to test it from below and then form a new