In opinion of FX Strategists at UOB Group, EUR/USD is now seen within the 1.1710-1.1860 range in the next weeks. Key Quotes “We highlighted yesterday that ‘downward momentum has improved a tad and the bias for today is tilted to the downside’. We added, ‘1.1770 is a strong support and may not be easy to
Gold prices were subdued on Wednesday, as the dollar strengthened, after hopes of U.S. stimulus faded following President Donald Trump’s comment that a deal would likely come after the November election. FUNDAMENTALS Spot gold fell 0.1% to $1,905.51 per ounce by 0103 GMT. U.S. gold futures were down 0.2% at $1,908.70. The dollar index was
Satya Nadella, CEO of Microsoft, is pictured at Microsoft’s annual shareholder meeting in Bellevue, Washington on November 30, 2016. Jason Redmond | AFP | Getty Images Microsoft will announce its fiscal first-quarter earnings after market close on Tuesday. Here are the numbers to watch: Earnings: $1.54 per share, adjusted, as expected by analysts, according to
USD/CAD is finding support at an hourly trendline while the daily structure also holds up the bears. The US election, BoC, COVID and the commodities markets are all factors to consider. USD/CAD is currently trading at 1.3146, down 0.49% as it tests trend-line support with risk appetite returning. On Monday, the currency touched its weakest intraday
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Dollar weakens again today but stay in very tight range as indecisive trading continues. The stronger than expected durable goods orders were are ignored by the markets. White House’s comment that stimulus deal will be there in “coming weeks” is also shrugged off. Swiss Franc is following Dollar is the weaker one. On the other
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The outlook for EUR/USD remains tilted to the upside in the next weeks, according to FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday the ‘rebound appears to have scope to extend higher but a break of 1.1880 is unlikely’. Our expectation did not materialize as it traded between 1.1801 and 1.1859
Gold prices gained in early Asia trade on Tuesday, supported by a weaker dollar and concerns stemming from the surging coronavirus spread globally and its economic fallout. FUNDAMENTALS Spot gold rose 0.3% to $1,907.77 per ounce by 0116 GMT. U.S. gold futures were up 0.2% at $1,909.20. The dollar index slipped 0.1% against a basket