USD/CAD stayed in range below 1.3104 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, firm break of 1.3102/4 resistance will confirm short term bottoming at 1.2951. Further rise should then be seen to 55 day EMA (now at 1.3133) and above. On the downsi

EUR/GBP edged higher to 0.9595 last week but quickly retreated. Initial bias remains neutral this week first. Further rise is mildly in favor as long as 0.8479 minor support holds. Above 0.8595 will extend the rebound from 0.8276 to 38.2% retracement of 0.9324 to 0.8276 at 0.8676. However, firm brea

US President Trump put out a tweet soon before press time stating that he will make a statement Wednesday morning on Iran.  Trump tweeted: All is well! Missiles launched from Iran at two military bases located in Iraq. Assessment of casualties & damages taking place now. So far, so good! We hav

Gold buyers catch a breath after rising to 6.5-year high during the previous day. A lack of fresh war threats from either the US or Iran seems to have hit the Bullion’s latest safe-haven demand. Markets will now keep eyes on macros, coupled with the US data, for immediate direction. Gold prices ext

The Australian stock market is declining on Wednesday tracking the modest losses overnight on Wall Street and on renewed worries about escalating tensions in the Middle East following news that Iran fired missiles at an Iraqi airbase that hosts U.S. troops. The benchmark S&P/ASX 200 Index is los