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Editors’ Picks

AUD/USD turns south below 0.7400 as risk-aversion lifts USD demand

AUD/USD has met fresh supply and eases back below 0.7400 as covid concerns escalate globally and lift the US dollar's safe-haven demand. The aussie ignores upbeat Australian economic news, as attention turns towards the US PCE inflation data. 

AUD/USD News

Gold retreats from a two-week high near $1,840

Gold prices edge lower on Friday, after testing a two-week high near $1840 on Thursday. The prices were gained for the third straight session on weaker US Dollar and signal by the US Fed that taper could be delayed as there is still a long way to substantial progress. 

Gold News


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Editors’ Picks

EUR/USD eases below 1.1900, Eurozone GDP, US PCE Inflation eyed

EUR/USD holds the lower ground below 1.1900 amid broad-based US dollar rebound. The dollar benefits from covid woes, ignores Treasury yields pullback. US GDP backs Fed’s resistance to discuss tapering. A busy docket ahead, with focus on Eurozone GDP and US PCE inflation.

EUR/USD News

Ripple bulldozes resistance, eyes $1.00

XRP price rebound has taken on an impulsive tone, lifting the cross-border remittances token near the convergence of the 200-day SMA with the longstanding inverse head-and-shoulders neckline around $0.775. Ripple falls short of triggering a double bottom pattern.

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Why Tesla jumped over 4.50% on Elon Musk’s tweet?

Tesla needs to make a move, show its hand. Tesla stock saw a massive move higher on Thursday, rebounding firmly towards $700. Tesla shares rallied 4.69% to close the day at $677.35, slightly off the two-week highs reached at $683.47.

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