United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD closed at 1.2960 after a volatile session, with intraday swings between 1.2938 and 1.2975. For the coming day, he expects the pair to stay confined within a narrow 1.2935–1.2975 band.
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The USD/CHF pair recoils on Thursday from a three-day high of 0.8120 after weaker-than-expected US data weighed on the Greenback, with the US Dollar Index (DXY) trading down 0.55%. At the time of writing, USD/CHF trades at 0.8035, near ten-day lows.
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Gold (XAU/USD) price soars over 2% on Thursday after the latest US employment report reduced the chances of a Federal Reserve (Fed) rate hike and pushed the US Dollar (USD) and US Treasury yields lower. The XAU/USD pair trades at $4,111 after bouncing off daily lows of $4,032.
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Commerzbank’s Charlie Lay and Dr. Henry Hao report that China’s private manufacturing PMI eased slightly to 51.7 but still delivered the strongest quarter in nearly six years, with official PMIs also beating expectations.
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BNY’s Geoff Yu notes that clients have largely capitulated on Japanese Yen (JPY) and South Korean Won (KRW) longs as these currencies stay weak versus US Dollar (USD) and Chinese Yuan (CNY).
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A June jobs report that undershot expectations by nearly half sent the Dow Jones Industrial Average (DJIA) to a fresh intraday record on Thursday, which reads like a contradiction until you look at what actually moved.
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The Pound Sterling (GBP) registers solid gains against the US Dollar (USD) on Thursday after the latest US employment report missed estimates, reducing the chances of a Federal Reserve (Fed) rate hike.
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The Euro (EUR) gains against the US Dollar (USD) on Thursday after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of an imminent Federal Reserve (Fed) rate hike.
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A breakout trading strategy is based on the premise that once the price breaks through a key level, it is likely to continue moving in the same direction. These key levels may include trend lines, support and resistance levels, channel boundaries, or chart pattern boundaries. Successful breakout trading requires identifying the factors driving the breakout and distinguishing genuine breakouts from false ones. This guide explains how to recognize valid breakouts, explores tools for filtering out false signals, and discovers the most popular breakout trading strategies. Major Takeaways Breakout trading means opening a trade after the price pierces key resistance or… Read full author’s opinion and review in blog of #LiteFinance
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DBS Group Research economist Radhika Rao notes that Indonesia’s onshore FX and bond markets have stabilised following a correction in global Oil prices, though gains are modest.
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The USDCAD pair is a major currency pair in the Forex market, reflecting the economic health of the United States and Canada, the two largest trading partners. The pair’s fluctuations reflect not only the difference in interest rates and economic indicators of the respective countries, but also the state of the world commodity markets, especially oil, as Canada is a major exporter of energy commodities. This article assesses the key forecasts for the coming years, provides fundamental and technical analysis, and evaluates the impact of global factors on the USDCAD exchange rate. Major Takeaways The current price of the USDCAD… Read full author’s opinion and review in blog of #LiteFinance
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