The dollar, which has cratered about 10% since rising at 103.00, spreads its gains in September as investors leave the more widespread financial market selloff and seek shelter in a very traditional safe-haven asset. The growing number of recent coronavirus diseases has melted away in danger of appetite. With the cold and flu season on …
USD/SGD The Singaporean dollar encountered a downfall last week, this was in direct correlation with Singapore having the highest number of Covid-19 cases in their region. Despite this, the number of fatalities is still relatively low to its surrounding countries, so investors are hopeful in the currency’s recovery. In fact, the behavior of the country’s …
EURUSD The Euro to US dollar pair has been close to its support level for quite some time now, struggling to rise, it has been fluctuating insignificantly right above the level. Reaching the support level might mean reversal of trajectory for the moving average of the pair. The future of the EUR/USD is under question …
AUD/CHF The Swiss National Bank’s monetary policy decision made in June has impacted the growth of the currency. The Australian dollar to Swiss Franc pair is on a downward trajectory and unlike that last time, looks like it will reach its support level. it is likely that bearish investors manage to break through this support …
AUD/USD The recent misfortunes in Australia connected with rise in unemployment and failings in the trade deal between China and USA have caused negative sentiment in the markets today. This resulted in the currency taking a dive in points, and it is expected to reach its support level by the end of June. The US …
HKD/USD The Hong Kong dollar to US dollar pair has been trading sideways since the start of July, which is very much in form with its behavior for most of June as well, aside from a few weeks in-between. This is not a surprise to anyone because of the massive trade dispute between China and …
USD/ZAR The turmoil surrounding the US economy regarding the trade war with China, riots across the country and the ever rising amount of Covid-19 cases is making life very hard for traders. That said, the South African rand might turn out to benefit from the chaotic state of the US economy. South Africa is making …
Silver On Friday, Silver asset was very volatile, and it even reached $30 mark. However, soon enough it pulled back and closed the day at around $28 only. As a result, traders who bought the asset high, are sweating their decision now because the market will continue to have the ongoing trend after a very …
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