#AUS200# This market has turned to chop in recent sessions. As the attached daily chart shows; the bulls and bears have no clue who is in control. Price makes a move higher, only to be crunched back lower in the next session. This is a market (and similar looking markets) I am avoiding until we

European stocks are likely turn in a mixed performance on Wednesday, with investors looking ahead to the Federal Reserve's monetary policy announcement, due later in the day. Sluggish European futures and slightly higher U.S. futures too indicate a somewhat subdued start for most of the markets acro

CNBV designates commercial banking institutions of local systemic importance. BIS annual economic report. The origination of mortgage financing from banks fell 18.2% in real terms. Adverse economic effects of the COVID-19 outbreak in the US slows down the recovery of financial markets at the end of

Photo: Finance Magnates The Supervisory Board of Admiral Markets AS, the Estonian entity of the Admiral Markets Group, recently announced that it intends to appoint Victor Gherbovet as a new Management Board Member. Gherbovet’s appointment will become effective from the 27th of July 2020. Followi

USD/CAD recedes from 1.3580 but stays above near-term key moving average. Bullish MACD signals also favor the buyers expecting to confront 61.8% Fibonacci retracement level. A resistance-turned-support line from July 14 increases hardships for the bears. USD/CAD eases to 1.3575 during Friday’s Asia

Escalating US-China row to limit the losses in gold. Market-driven sentiment and USD dynamic to remain in play. Gold looks buy on dips from a technical perspective. Despite the jittery market mood so far this Wednesday, Gold (XAU/USD) remains on the back foot, as the US dollar bulls are back on t

There is still room for the continuation of the consolidative theme around AUD/USD in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We expected AUD to trade within a 0.6835/0.6895 range yesterday. AUD initially dropped to 0.6833 before making a rapid turnaround and

Investors await the OPEC+ decision on output cuts. It will define where the oil price will go. Brief background The oil market was completely destroyed this year. The coronavirus outbreak forced all the people to stop travelling, driving their cars and factories to shut down. As a result, the oil de

Dollar turned weaker overnight as markets on talks that Fed could eventually go into negative interest rates. Safe haven flows also continued to recede in generally, with NASDAQ extending recent rebound, even though DOW’s rally was still capped. Australian Dollar continues to surge higher, shrugging