Search Results for: US
The emerging market currencies to back when ‘the dust settles’; Goldman Sachs
September 28th, 2020
Goldman Sachs has marked out the Mexican peso as its top emerging market (EM) currency pick “once the dust settles” from the coronavirus pandemic. In a note Thursday, Goldman strategists suggested that while it may be too early to ...
Euro to US Dollar (EUR/USD) exchange rate steady as Eurozone faces increasing uncertainty
September 25th, 2020
The Euro (EUR) struggled to gain against the ‘Greenback’ today despite a relatively strong German IFO Business Climate survey for September, which rose from 92.6 to 93.4. However, with the Eurozone’s largest economy facing high levels of uncertainty as ...
Bulls Taking AUDUSD Higher – Elliott wave analysis
September 22nd, 2020
AUDUSD is trading bullish since 0.551 level, when a bigger, bearish trend found a low. We now see an impulsive price action underway, where price can be only reversing for a pullback from the highs. We are talking about ...
Demand for safe-haven assets boosted the U.S. dollar causing most Asian currencies to falter
September 22nd, 2020
Stock markets in Indonesia, Philippines and South Korea declined more than 1% on Tuesday as rises in coronavirus cases locally and globally dampened hopes of a swift economic recovery. Indonesian 10-year benchmark yields are up about 2.90 basis points ...
Breakout Of A Triangle On USDMXN
September 15th, 2020
In this analysis we will talk about a triangle pattern. Those who are familiar with them, will know that these are one of the most popular patterns by hundreds of traders. The reason why they are so interesting is ...
Instagram users ripped off for £400k in a month in Forex scam
September 4th, 2020
Instagram users are being ripped off by investment con artists – with UK victims handing over nearly £400,000 in just one month. Britain’s national fraud reporting centre was bombared with 164 complaints in June alone, representing a total loss ...
USDMXN Eyeing 20.6/20.3 Zone – Elliott wave analysis
September 1st, 2020
USDMXN found a high at the 25.775 level and started turning lower. We are now observing a minimum, three-wave bearish reversal underway, where price is currently unfolding final stages of an impulse in wave III) or C). We ...
Venezuela’s Bitcoin use soars amid hyperinflation: 3rd on Global Crypto Adoption Index
September 1st, 2020
Venezuelans have become increasingly interested in cryptocurrency as their country faces dire economic crisis and hyperinflation, a new study by blockchain data analytics firm Chainalysis shows. The firm’s Global Crypto Adoption Index ranks Venezuela third as “The country has ...
Russia calls on fellow BRICS countries to dump US dollar in favor of trade in national currencies
August 25th, 2020
The Russian trade minister has called on the members of the BRICS trade alliance to increase the volume of settlements in national currencies to be more independent from Washington’s policies. Denis Manturov suggested the possibility of boosting non-dollar settlements ...
Gold into A Corrective Pause; 1860/1800 Support in View – Elliott wave analysis
August 21st, 2020
Gold may have completed a higher degree wave III), and its five-wave cycle at latest 2073 highs. We now see a complex W-X-Y move unfolding within a higher degree wave IV) correction, with possible support at the 1863/1800 level, ...
