USD/MYR faces a potential break of 4.24, although further strength from there looks out of favour, according to Quek Ser Leang at UOB Group’s Global Economics & Markets Research. Key Quotes “USD/MYR rose to a high of 4.2400 last week before closing on a firm...
The currency pair fluctuated in a range on Friday. USD/CHF stays below 0.9207 at press time. Closest support areas: 0.9170, 0.9130, 0.9089 Closest resistance areas: 0.9207, 0.9237, 0.9265...
Today, the NZD/USD pair is trading in the range of $0.6945-85 and is testing the MA (200) H1 moving average line ($0.6970) on the hourly chart. On the four-hour chart, the pair remains below MA (200) H4 ($0.7020). Technically speaking, the resistance level of $0.6990 can keep...
USD depreciated against most other major currencies in the European session on Monday as investors shifted their focus towards the U.S. Federal Reserve's monetary policy meeting, the outcomes of which would be announced on Wednesday. Market participants hope to get hints on...
USDJPY trading plan: The Federal Reserve is continuing to print money and increasing the dollar liquidity surplus. Bankers now have a lot of capital; they don't know what to do with it. Against this background, bankers are involved in reverse repo transactions with the Fed....
Current trend Alcoa Corp. shares are strengthening from a 3-month low of July 19, showing an increase of 19.5%. The drop in the company's quotes from the May 52-week high exceeded 16.5%, but over the past week the issuer showed a rise in value by 12.47%, while the S&P...
The main U.S. stock indices finished last week with growth. By Friday's results the Dow Jones rose 0.68%, the S&P 500 - 1.01%, NASDAQ gained 1.04%. The quotations were supported by the positive financial reports published by U.S. companies supported the quotations. The...
The currency pair fluctuated in a range on Thursday. USD/CHF stays above 0.9170 at press time. Closest support areas: 0.9170, 0.9130, 0.9089 Closest resistance areas: 0.9207, 0.9237, 0.9265...
Silver came under some renewed selling pressure on Friday and stalled this week’s recovery move. The set-up remains tilted in favour of bearish traders and supports prospects for additional losses. A sustained move back above the $26.00 mark is needed to negate the near-term...
