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AUD/USD grinds lower past 0.7200 as coronavirus, yields favor bears at weekly low
AUD/USD consolidates recent losses around the weekly bottom, recently grinding at the intraday top near 0.7190 during Wednesday’s Asian session. Second-tier US housing data will decorate calendar but higher attention will be given to yields and Fed rate-hike expectations.
EUR/USD: Bears take a breather ahead of 1.1300 key support
EUR/USD seesaws around 1.1320-25 during early Wednesday morning in Asia, having dropped the most in 12 days the previous day. The major currency pair’s slump on Tuesday dragged MACD towards teasing the bears while breaking a two-month-long resistance-turned-support area of around 1.1380-85.
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Editors’ Picks
Gold flirts with 50/100-SMA as yields seesaw at multi-month peak
Gold prices keep the bounce off weekly low at around $1,815, up 0.05% intraday during Wednesday’s Asian session. Virus woes escalate and so do geopolitical tensions concerning Russia-Ukraine, suggesting safe-havens to stay firmer.
Solana price eyes a return to $120 as confidence in SOL fades
Solana price continues to face some strong technically and fundamentally bearish scenarios. In addition, concerns about Solana’s network stability and scalability remain. Those concerns continue to weigh in on the bearish price action ahead.
Are market-making brokers taking advantage of high leverage? Answers to painful questions
Why do market-makers provide high leverage? Given that a high percentage of forex traders lose money, do these brokers take advantage of traders' risk? Or do brokers pass the orders to the interbank network and make money off of spreads? Here are a few answers.