Photo: FM Ahead of its annual general meeting (AGM) later today, Plus500 has published a trading update, revealing that the strong performance achieved by the broker in the first six months of the year has continued in the second half so far. In particular, Plus500 outlined this Wednesday that ope

The greenback pared intra-day losses made in Asia and European morning and ended Tuesday mixed on short-covering in New York ahead of the Federal Reserve monetary policy meeting on Wednesday. Rebound in the U.S. Treasury yields and rise in U.S. equities also contributed to usd's strength.      Reute

WTI stays on the back foot after failing to extend the bounce off $40.44. US dollar strength dims market impact of Iraq’s U-turn over OPEC+ output cut accord. US NFP, Baker Hughes Oil Rig Count will be important for fresh impetus. WTI fizzles upside momentum from a multi-day low flashed the previou

EUR/GBP carved a bearish candlestick pattern on Tuesday. A move above 0.9140 is needed to invalidate bearish pressures.  On Tuesday, EUR/GBP fell by over 0.70% from 0.9135 to 0.9160, forming a bearish marubozu candle, which comprises of big red body and little or no wicks.  The bearish marubozu val

The US dollar rose slightly against other currencies as traders focused on rising tensions between the United States and China. In a statement yesterday, the US ordered the country to close its consulate in Houston as China threatened to retaliate. According to Mike Pompeo, the decision was meant to

USD/CAD remains depressed near one-week low of 1.3504. A horizontal area from early-June lures sellers amid bearish MACD. Bulls can refrain from entries below 200-bar EMA. USD/CAD drops to 1.3504 as Tokyo begins Thursday’s trading session. In doing so, the loonie pair refreshes weekly low while ext

Speaking in a Fox News interview on Wednesday, White House (WH) Economic Adviser Larry Kudlow said that the trade deal with China is 'still engaged'. US President Donald Trump is putting China on notice for Hong Kong misdeeds, Kudlow added. Late Tuesday, President Trump signed legislation and an exe

The number of confirmed coronavirus cases rose to 190,862 with a total of 8,895 deaths, as reported by the German disease and epidemic control center, Robert Koch Institute (RKI), on Tuesday. Cases increased by 503 in Germany on Tuesday versus Monday’s +537. The death count rose by 10, the tally sho

Singapore's non-oil domestic exports decreased due to weak demand for non-electronic goods in May, data from Enterprise Singapore showed on Wednesday. Non-oil domestic exports decreased 4.5 percent year-on-year in May, after a 9.7 percent rise in April. Economists had expected a 0.1 percent fall. El

It is hard to imagine that Hollywood could have produced a more dramatic script. There have been more than 1.8M confirmed Covid-19 cases in the United States and 6.4M worldwide. Tragically, there have been almost 400K Covid- related deaths. Since the pandemic hit the U.S., 42M people have filed for

Rioting in major US metropolitan neighborhoods got pretty gnarly over the weekend and the market continues to struggle with the elevated level of market optimism versus the real economy, creating a psychological mismatch. And while the anarchy is the US street is likely to be a short-term phenomenon

EUR/JPY edged lower to 115.44 last week but rebounded strongly since then. A short term bottom could be formed at 115.44 on bullish convergence condition in 4 hour MACD. Initial bias is mildly on the upside this week for 119.00 resistance. Sustained break there will indicate that whole fall from 122