NZD/USD Struggles at Key Resistance Levels
Quick Look: NZD/USD stalled at 0.5920 and faces resistance at 0.5940 with further hurdles at 0.6100, 0.6135, and 0.6160
Market Volatility Drives USD/CAD Lower
Quick Look: USD/CAD declined by 0.1%: Recent market events pushed the pair to the mid-1.3750s after a strong start in Ap
WiSA Technologies Soars 17.1% on New 5-Year HDTV Deal
Quick Look: WiSA Technologies’s stock jumped 17.1% following a five-year licensing deal with a top HDTV brand. T
Gold, Silver Up Rs 10, Rs 100 Amid Global Strife
Quick Look: Gold (XAU) prices rose by Rs 10 per 10 grams, and silver increased by Rs 100 per kilogram in India. Global i
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NZD/USD Edges Up 0.55%, Yet Bears Dominate
Quick Look: NZD/USD edges higher by 0.55%, still under bearish control. Daily
Currency Update: USD Weakens, EUR and GBP Rally
Quick Look: USD Index drops to 104.00, weakened by subpar economic indicators, hinting at investor unease. Euro and Pound gain on optimism, breaking key technical levels. WTI crude >$86/bbl, Gold nears $2,300/oz, Silver >$27/oz. Influences market sentiments with varied
Australian Dollar’s Turbulent Trade: USD And JPY Market Analysis
Quick Look: The Australian Dollar consolidates against the USD and finds support at 0.6450. Global risk appetite influences AUD’s strength against USD. AUD/JPY sees a modest increase, with resistance at Tenkan-Sen, 100.50, and 101.00. As of Tuesday, the AUD/USD
AUD Market Analysis: Key Trends & Numbers
Quick Look: AUD/USD is close to crucial support, hinting at possible further declines or a bullish reversal. EUR/USD approaches a support zone, with its future direction depending on its resilience. GBP/USD’s fluctuations around its SMA indicate uncertainty in its
Yen Stronger after US Sues China’s Huawei
The yen was stronger against its peers on Tuesday with investors trying to take refuge in safe-haven assets after the US Justice Department charged Chinese giant Huawei Technologies Co Ltd with fraud, ramping up the US-China trade tensions. The
US Dollar Perks Up, Aussie Recovers from Losses
The US dollar retained its recent gains versus its major peers on Tuesday, backed by a recovery in investor’s risk appetite, which gave an overnight boost to US yields. The Australian dollar gained, recouping earlier losses, after the Reserve
Dollar Firm after Trump’s Speech Showed No Surprises
US President Trump’s State of the Union Address, which tackled trade and budget concerns but otherwise did not surprise listeners, showed no drastic effects on the dollar on Wednesday. Trump delivered an outline of his concerns for the coming
Euro Weakens on Pessimistic Economic Outlook
The euro slipped to a new two-week low against the dollar during the early trading in Europe, with traders expecting more pessimism over the global economic outlook. German industrial output data have already set the tone, showing a drop
BROKER NEWS
Admirals UK Achieves Profit Turnaround in 2023
Admirals (formerly known as Admiral Markets), based in the UK, ended 2023 on a high note by earning a net profit of over £46,000. It was a significant improvement from a nearly £291,000 loss the year before. The company’s revenue soared by 40% to £8.4 million. Despite higher administrative
AETOS UK’s Operating Expenses Nearly Match FY23 Earnings
H1 2023 Sees a 39% Surge in Doo Group’s Trading Volume.
ADSS Exists UK Concentrates on Other Divisions
eToro Extends Partnership with SK Slavia Prague
NZD/USD Edges Up 0.55%, Yet Bears Dominate
Quick Look: NZD/USD edges higher by 0.55%, still under bearish control. Daily RSI at 44; Hourly RSI peaks at 76, hinting at short-term bullishness. Trades below key SMAs; bearish Measured Move pattern suggests targeting 0.5800s. US Services PMI miss vs. NZ economic contraction; RBNZ holds on rates. Short-term relief is possible,
Currency Update: USD Weakens, EUR and GBP Rally
Quick Look: USD Index drops to 104.00, weakened by subpar economic indicators, hinting at investor unease. Euro and Pound gain on optimism, breaking key technical levels. WTI crude >$86/bbl, Gold nears $2,300/oz, Silver >$27/oz. Influences market sentiments with varied forecasts for major currencies. The USD Index (DXY), a barometer for the
Australian Dollar’s Turbulent Trade: USD And JPY Market Analysis
Quick Look: The Australian Dollar consolidates against the USD and finds support at 0.6450. Global risk appetite influences AUD’s strength against USD. AUD/JPY sees a modest increase, with resistance at Tenkan-Sen, 100.50, and 101.00. As of Tuesday, the AUD/USD pair entered a consolidation phase, experiencing a slight rally during the session.
AUD Market Analysis: Key Trends & Numbers
Quick Look: AUD/USD is close to crucial support, hinting at possible further declines or a bullish reversal. EUR/USD approaches a support zone, with its future direction depending on its resilience. GBP/USD’s fluctuations around its SMA indicate uncertainty in its next movement direction. EUR/AUD maintains a neutral to cautiously bullish outlook, influenced
Dukascopy’s Trading Revenue Takes an 80% Hit in H1
The Swiss-based Dukascopy today made its interim consolidated income statement public. The report showed a sharp 80% plunge in profits, dropping to CHF 889,000 in H1 of this year from CHF 3.9 million during