The Australian dollar has been all over the place during the trading session on Wednesday, as we approach the 0.70 level.
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Norway’s economy is emerging from the depths of the Covid-19 pandemic ahead of the curve.
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Yesterday’s May ADP data out of the US showed 2.76 million job losses, well below the 9.00 million predicted.
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Australian exports plunged 11.0% in April with imports down 10.0%, resulting in a smaller than forecast decrease in the trade surplus as compared to March.
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In recent technical analyzes of the USD/JPY we mentioned that stability in performance within a limited range for several consecutive trading sessions heralds a strong movement in either direction.
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This morning’s Indian services PMI for May delivered a disappointing improvement from April’s all-time low.
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After three trading sessions in which the price of gold rose to the $1745 level, the downward correction returned to the $1721 support.
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The US labor market results this week will be under close watch by forex investors, because it will lead to a strong response to the US dollar.
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The EUR/USD pair continued its bullish correction, with gains reaching the 1.1195 resistance level.
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The British pound rallied significantly during the trading session on Tuesday, reaching towards the 1.2550 level and even extending above there for a little bit of time.
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The Australian dollar has rallied yet again during the trading session on Tuesday as the risk appetite trade has gotten a bit out of control.
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The US dollar has fallen against the Brazilian Real during the trading session on Tuesday, slicing through the 50 day EMA again, and closing towards the bottom of the range.
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The silver market had a rough trading session on Tuesday, as the $19.00 level continues offer massive resistance.
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Warnings from the South African Reserve Bank (SARB) regarding acceleration in government debt are echoed across the global financial system.
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Deflation fears across the Eurozone are on the rise, adding to a growing list of concerns for the European Central Bank to address.
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