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USD/CAD Price Analysis: 200-HMA, weekly resistance line probe recovery moves

USD/CAD bulls attack the week’s high of 1.3152 flashed the previous day. Monday’s lows, 200-HMA challenge immediate upside ahead of a falling trend line from October 15. Sellers can look for entries below the nearby support line. USD/CAD extends Wednesday’s upbeat performance while picking up the bids near 1.3150 during the early Asian session on

Gold Price Analysis: XAU/USD bulls await fresh clues to probe monthly top below $1,950

Gold buyers catch a breather above $1,920 after posting the biggest gains in a fortnight. COVID-19 data from US states, Victoria propel fears of wider wave 2.0. Trump blames Democrats for the delay in stimulus despite recent hopes, EU and the UK resume Brexit talks. US Initial Jobless Claims, aid package updates will be the

WTI Price Analysis: Buyers lurk around 100-day EMA

WTI bounces off $39.83, the lowest in one week, to battle 50% Fibonacci retracement. EIA inventories recovered from -3.818M prior, -1.021M forecast. 61.8% Fibonacci retracement, 200-day EMA stand tall to challenge the oil bulls. WTI retraces the biggest losses in three weeks while taking rounds to $40.10 during early Thursday morning in Asia. The energy

RBA Debelle: The (FX market) conditions have continued to improve in recent months

Guy Debelle, Deputy Governor at the Reserve Bank of Australia, who is speaking at the Global Foreign Exchange Committee and the FX Global Code – at FX Week Australia 2020, has stated that one notable feature of this latest crisis was both how sharply market conditions deteriorated and how quickly they recovered. He adds that the

Coronavirus Update: New cases jump most in October in 26 out of 50 US states, Victoria adds five to numbers

The latest coronavirus (COVID-19) updates from the US and Australia have been worrisome and adds to the fears of a wider wave 2.0. As per Reuters’ tally, 12 out of 50 US states have reported record daily increases in deaths so far in October. The report also mentions that 26 states have reported a record

AUD/JPY Price Analysis: Bears look for entries below 74.20

AUD/JPY retraces Wednesday’s gains, the first in last eight days, above 74.00. Immediate resistance line, key horizontal upside hurdle probe the bulls. Monthly support line halts the gate for sellers’ entry. AUD/JPY drops to 74.37 amid the early Thursday morning in Asia. The pair snapped a seven-day losing streak the previous day before repeating failures

AUD/USD: Consolidates heaviest gains in two weeks above 0.7100 amid cautious optimism

AUD/USD eases from weekly high of 0.7137 marked on Wednesday. Risk barometers retrace gains initially backed by US stimulus hopes, Brexit optimism, US dollar index drops to seven-week low. Virus woes, dovish tone of Fed’s Bullard also probe the optimists. RBA’s Debelle, NAB Business Confidence will offer immediate direction, risk news remain as the main

Trump: Just don’t see any way Pelosi and Schumer will be willing to do what is right

Late on Wednesday night, US President Donald Trump reiterated his bias that the House Democrats are the reason for the delay in the coronavirus (COVID-19) stimulus. The Republican also criticized US House Speaker Nancy Pelosi, a Democrat, as well as Chuck Schumer, for not doing what’s right for the American workers and the USA as

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