USD/CNH’s daily chart shows a bullish RSI divergence. The pair has exited a two-month-long falling channel. Escalation of Sino-US tensions weighed over the Chinese offshore yuan (CNH) on Wednesday and pushed USD/CNH higher by 0.7%. The uptick confirmed a bullish divergence (higher lows) of the 14-day relative strength index established on July 21. The positive […]
EUR/USD has been experiencing the much-needed correction lower as Wednesday’s 4-hour chart is showing moderate overbought conditions, but is holding onto 1.15. Yohay Elam, an analyst at FXStreet, expects further upside for the pair following the small correction. Key quotes “The Relative Strength Index on the 4-hour chart is above 70 – pointing to overbought conditions. On the
Dollar index remains under pressure near multi-month lows. Risk-on keeps the safe-haven US dollar under pressure. Sentiment around the greenback remains bearish in Asia with the dollar index, which measures the value of the American currency against majors, languishing near the 4-½ month low of 95.05 reached on Tuesday. Better risk mood weighs The soft tone
AUD/NZD remains bid above 21-day SMA, about to confirm the bullish chart pattern. RBA minutes flashed upbeat signals but Governor Lowe praised present rates. New Zealand’s Credit Card Spending recovered to -9.2% in June. The formation’s support, 200-day SMA acts as the key downside levels to watch during the pair’s fall. AUD/NZD prints 0.14% gains
Gold prices struggle to keep the multi-year high around $1,820. US dollar index drops to the fresh low since March 10 as risk-on sentiment remains on the table. European leaders progress in unveiling 750 billion Euros of stimulus, pandemic numbers flash mixed signals. Updates of the aid package, virus and vaccine will be the key
KUALA LUMPUR: Dagangan ringgit tidak berubah berbanding dolar AS ketika dibuka pagi ini. Pada pukul 9 pagi, unit tempatan itu kekal pada 4.2630/2680 berbanding dolar AS, paras yang sama ketika ditutup Jumaat lepas. MIDF Research berkata, kelemahan dolar AS adalah ekoran berkurangnya permintaan untuk mata wang berkenaan yang disifatkan sebagai ‘safe-haven’ (satu pelaburan yang dijangkakan
Ringgit tidak berubah berbanding dolar AS, RM4.26 Baca Selanjutnya »
USD/CNH extends gains to 6.9975 from 6.9940 after PBOC’s rate decision. The central bank kept rates unchanged at 3.85% as expected. The US-China tensions and the decline in the US stock futures is likely weighing over yuan. USD/CNH continues to gain altitude despite the People’s Bank of China’s (PBOC) status quo decision on interest rates. The
Pagi ni buka Buy EU 1.13862 di jangka EU akan naikSemalam dapat Profit $120 Pro Acc di Weltrade lebih mudah sikit utk profit sebab spread rendah dan tiada caj Comisyen STP account Siapa yang dah buka akaun Pro acc Weltrade akan tahu mcmana keseronokan nya trade dsini. Kebanyakan yang dapat free iPhone juga menggunakan Pro
Pagi ni buka Buy EU 1.13862 di jangka EU akan naik Baca Selanjutnya »
NZD/USD defies the previous day’s declines while printing 0.10% gains. An upward sloping trend line from June 30 holds the gate for the fall towards the key Fibonacci retracement levels. A one-week-old resistance line guards the near-term upside. NZD/USD seesaws around 0.6540 during the early Friday’s trading. In doing so, the kiwi pair keeps its pullback moves
EUR/GBP regained positive traction on Thursday amid some renewed selling around the sterling. Upbeat UK employment details failed to impress the GBP bulls or provide any meaningful impetus. Investors might now refrain from placing aggressive bets as the focus remains on the ECB decision. The EUR/GBP cross maintained its bid tone through the early European session and
