According to the Preliminary August Trade Balance data published by the Australian Bureau of Statistics (ABS) on Friday, “while both exports and imports declined in August 2020 a goods trade surplus of $4,294m (original, current price, merchandise trade basis) has been recorded”. Key details “Export

#USDZAR# Hi traders the correction on h4 and h1 it breaking as I am publishing,please do not miss this sell and manage your trade well Thanks for support Let's Learn Together

Overall bank lending in Japan was up 6.3 percent on year in July, the Bank of Japan said on Tuesday - coming in at 572.705 trillion yen. That was shy of expectations for an increase of 6.5 percent but still up from the 6.2 percent gain in June. Excluding trusts, bank lending gained an annual 6.4 per

Cable is now facing the next key target at the 1.3200 level in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterday, we held the view that ‘the rapid rebound appears to have room to extend higher but for today, a break of 1.3125 appears unlikely (next resistance

A combination of factors assisted AUD/USD to gain traction for the fifth consecutive session. The prevalent USD selling bias and upbeat market mood remained supportive of the move up. Concerns over worsening US-China relations might cap gains amid overstretched conditions. The AUD/USD pair traded w

Bloomberg reports that the Foreign Secretary Dominic Raab signalled the UK will join its international allies in suspending an extradition treaty with Hong Kong after China imposed a national security law on the former British colony. Lead paragraphs Raab told Sky News on Sunday he would update Par

Market Review - 09/07/2020  23:42GMT   Dollar regains traction as weakness in U.S. stocks triggers safe-haven usd buying The greenback went through a hectic Thursday session as despite initial weakness in Asia and European morning, dollar staged a strong rebound in New York morning on active safe-h

GBP/USD consolidates the downside amid risk-aversion. Coronavirus fears offset UK fiscal stimulus optimism. UK turns down EU coronavirus vaccine scheme. Following a steady decline in the overnight trade, GBP/USD looks to extend the downside consolidative mode below 1.2600 in early Europe and remain

It seems the risk on and risk off are the key drivers of the dollar.  Nothing new there.  But this environment is another reason, besides the wave chart analysis, is why if push come to shove, I still believe the dollar index has more room to correct higher.  Sentiment in the stock market is so bul