As the demand for the US dollar, AUD/USD is fast closing, it favors the short entries. The demand for the US dollar raises because of the US-China tensions escalations. President Trump accuses China of running a massive disinformation campaign and making the coronavirus spread all around the world. A downtrend for the pair increases also [...]
Consumer price index (which shows the cost of living) for the month of April in the UK is about to be released by Wednesday early. The inflation numbers will be the catalysts for the pair GBP/USD as it considers the survey period that includes the lockdown of the virus period. CPI inflation is expected to [...]
AUD/JPY drops to a low of 70.15 still up of 0.17% on a day, after RBA released minutes of its May month monetary policy on early Tuesday but later on stepped back on the Aussie-China tension. Before the latest Aussie-China war, markets were happy cheering the hopes of the corona virus (COVID-19) cure. The relationship [...]
NZD/USD drops to 0.5930 on Monday. Efforts of the Federal system to strengthen US dollar and the US-China tension has lead to keep the pair in a bearish trend. Even New Zealand's Business NZ Performance of Services Index (PSI) for April has added for the downside of the pair. The figures drop to 25.9 from [...]
