Daily Pivots: (S1) 0.9167; (P) 0.9206; (R1) 0.9249; Focus stays on 0.9200 resistance turned support in USD/CHF. Sustained break will argue that the rebound has completed and turn bias back to the downside for retesting 0.8998. On the upside, break of 0.9304 will extend the rebound from 0.8998 to 38.

The final estimate of July Retail Sales, with the 3.3% preliminary reading that had been expected to be confirmed, up from 2.7% in June has arrived as follows:  +3.2 pct MoM s/adj vs Reuters poll +3.3 pct. AUD updates AUD/USD held steady on the data RBA: Rate cut expected by February – Deutsche Ba

Daily Pivots: (S1) 1.0733; (P) 1.0746; (R1) 1.0760; Focus stays on 1.0739 support in EUR/CHF. Firm break of 1.0739 will suggest completion of rebound from 1.0602. Intraday bias will be turned back to the downside for retesting this week. On the upside, though, break of 1.0849 will resume the rise to

Photo: FM Japanese foreign exchange broking giant Gaitame said today it has completed the acquisition of FX business of retail broker Livestar Securities Co. Ltd. FX clients at the medium-sized online brokerage will see their positions and deposits relocating to Gaitame as of September 28, 2020. T

Friday was flat too S&P 500 futures point to a one-point gain at the open after a 2 point climb on Friday.   The market isn't taking much of a signal from Trump's executive orders or anything else today. But this kind of complacency always lead to big 'unexpected' moves in time.

Photo: Plus500 Plus500 announced this Monday that it has become the main sponsor of Legia Warsaw, a professional football club based in Warsaw, for the 2020/21 season. As part of the sponsorship, the broker’s logo will appear on the front of the players’ jerseys. Legia Warsaw is the current footba

Photo: Bloomberg The ‎Financial Conduct Authority (FCA) on Wednesday exposed ‎another fraudulent entity, this time bringing to light a ‎clone that has been posing as London headquartered, FCA regulated brokerage ETX Capital. The FCA alleges that the copycat broker has chosen to operate under the b

Photo: FM Diversified financial services firm, Cowen Inc. has successfully completed a Consolidated Audit Trail (CAT) go-live by using the Compliance Workbench platform of n-Tier, the latter recently announced. CAT, which was built by FINRA and a number of US exchanges, is a database that was desi

EUR/USD, “Euro vs US Dollar” After breaking 1.1300, EURUSD is consolidating above it. If later the price breaks this range to the downside, the market may start a new correction towards 1.1250; if to the upside – resume trading inside the uptrend with the short-term target at 1.1380. GBP/USD, “Grea

US stock futures jumped, and European equity indices pushed to highs of the day after a stand-out jobs report. Today's US jobs figures show the economy is bouncing back, but there is a still a long way to go to replace all the millions of jobs lost due to the pandemic. Permanent destruction of deman

AUD - Australian Dollar In the absence of any local data on Friday the Australian Dollar traded within a 55-pip range against the Greenback and struggled to make a decisive move in either direction. Having moved higher by 1.5 cents earlier on in the week touching 0.6960 the pair witnessed a sell-off