AUD/USD is currently trading at 0.7277 having travelled between a range of 0.7318 and a low of 0.7260, somewhat under pressure from both a technical and fundamental perspective The dollar held broad gains on Thursday as investors tempered bullish expectations about a COVID-19 vaccine. It looks like U.S. dollar gets some support from the recent [...]
An official from the Japanese Finance Ministry said on Monday, they will keep monitoring the forex developments with a sense of urgency. The official, however, said that he cannot comment on the reasons behind FX moves, on the US election impact as well as on the level of FX itself. Business sentiment of Japanese manufacturers [...]
Gold has been increased in its recent advance to the $1,950 level as market volatility slows down and the US election nerves settle into a foregone conclusion of a Democratic Party victory. The yellow metal recently eased after US election updates suggest President Donald Trump’s lead in Pennsylvanian voting count. Earlier in Asia, news from [...]
In a nail-biting fight to the 2020 US Presidential race, EUR/USD is struggling to extend the rebound from four-month lows of 1.1605. The US dollar is off the multi-week highs but remains strongly bid, as the election race tightens. The S&P 500 futures, however, rise 1%. The likely delay in results from Michigan, Wisconsin, and [...]
