NZD/USD bounces off 0.6040 after upbeat catalysts. New Zealand (NZ) exports are up 3.3%, registers a 20% rise in offerings to China. NZ PM Ardern cites strategic advantage of the active government. US data, virus/trade updates will be the key moving forward. Following its U-turn from 0.6040, NZD/USD takes the bids to 0.6055 in early […]

USD/JPY snaps two-day drop amid mixed sentiment. US President Trump’s blame-game failed to get verification, virus antibody adds strength to risk reset. Japanese banks are off for Children’s Day. Following its bounce from 106.60, USD/JPY seesaws around 106.75 during the early Tuesday morning in Asia. That said, the pair registered losses during the previous two

Crude oil rebound to over $17 fails to lift loonie. USD/CAD finishes week with small gain. Crude demand will remain weak until lockdowns lift. Dollar Canada and the energy market The dramatic recovery in oil prices after their even more dramatic collapse to below zero on Monday was not enough to revive the Canadian dollar

Show navigationFXStreet  Tanya AbrosimovaFXStreet  Follow Bitcoin Weekly Forecast: Investors bet on Bitcoin aimd global turmoil CRYPTOS | Apr 24, 15:55 GMT Bitcoin enjoyed a weekly of relative stability. Investors flock back to the cryptocurrency market. BTC/USD bulls will stumble on approach to $8,000. Bitcoin dropped to $6,754 on Monday and spend the most part of the week consolidating under

GBP/USD is trading below 1.25 as the UK is set to remain in lockdown for longer after seeing Germany’s rise in its infection rate. PM Johnson is set to deliver his first coronavirus briefing. The pair was unable to take advantage of previous dollar weakness. Pound/dollar is trading at the as broad uptrend but has

GBP/USD is trading below 1.25 as the UK is set to remain in lockdown for longer after seeing Germany’s rise in its infection rate. PM Johnson is set to deliver his first coronavirus briefing. The pair was unable to take advantage of previous dollar weakness. Pound/dollar is trading at the as broad uptrend but has

GBP/USD has been struggling amid the ongoing UK lockdown, worrying economic figures. The focus shifts to the US, with the Fed and GDP standing out.  Late April’s daily chart is painting a mixed picture.  The FX Poll is pointing to lower targets, though with choppy movements.  Pound/dollar has been on the back foot as, despite

EUR/USD is trading around 1.0850, higher amid an improved market mood. US first-quarter GDP is set to show a plunge in activity and German April CPI to reflect slower inflation. The Federal Reserve’s new projections are set to rock markets. Euro/dollar has been confined to a range, with strong resistance awaiting at 1.0890, Tuesday’s top,

Australian inflation is foreseen well below the RBA’s target in  Q1. RBA Trimmed Mean CPI is seen at 0.4% QoQ and 1.6% YoY, matching the previous figures. AUD/USD bullish, will continue to depend on the market’s sentiment. The world paradigm has changed with the COVID-19 pandemic. Not only in the way of living, but also

EUR/USD moves higher as risk sentiment gains traction. The dollar looks offered and drops to multi-day lows. Unemployment in Spain surpasses the 14% mark in Q1. The continuation of the better mood in the risk complex is pushing EUR/USD to fresh weekly highs in the vicinity of 1.0880 on “turnaround” Tuesday. EUR/USD focused on risk, data EUR/USD