Adds that export expectations also improved last month Once again, overall conditions may show an improvement from April to May but relative to more normal times, they remain highly subdued. In the case for automakers, consumer demand may still take some time before returning in a significant manner.For bank trade ideas, check out eFX Plus
Month: June 2020
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AUD/USD continues to sit just under 0.6800 currently For bank trade ideas, check out eFX Plus The pair is trading little changed around 0.6790 at the moment as the RBA offered little in terms of anything new for traders and investors on the day. They mentioned that monetary policy is set to remain accommodative for
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Results of the latest study Gilead released its latest study results of patients with moderate COVID-19 and reported that patients on a 5-day tready were “65 percent more likely to have clinical improvement at Day 11 compared with those in the standard of care group.” The company was upbeat about the results. “These study results
The low for the day is at 1.11896. The 100 hour MA is at 1.22853 The GBPUSD has moved down to test the low for the day. That move has nearly completed the up and down lap that saw the price move up 1.23932 at the high (new high for the week and highest level
USDJPY pair as got within 6 pips of week’s high after trading to a new weeks low earlier in the day The USDJPY traded in a narrow 58 pips trading range for the week until today. The high for the week was on Wednesday at 107.94. The low extended down to 107.359. However, the price
Traits the highest level since March 11 The price of crude oil has squeezed higher into the settlement for the day (and for the month of May too). The July contract moved up to a high of $35.77 in the last hour of trading. That was the highest level since March 11. The price is settling
Australian dollar technical analysis Credit Suisse discusses AUD/USD technical outlook and highlights the importance of the 0.6706 level for near-term direction. “AUDUSD saw another concerted effort to break above the pivotal resistance zone composed of the 200-day average, the March high and 78.6% retracement at 6706. Although further consolidation should still be allowed for, in
Hints of the ‘weekend effect’ kicking in again Despite the low count on weekend days compared to the end of last week, RKI estimates the virus reproduction rate to be at 1.04 as of yesterday so once again we’ll have to see how this number is managed over the coming days instead. The 333 new
Apple has been slowly reopening its stores in Japan since last week The first two Apple stores that reopened in the country were in Fukuoka and Sakae on Tuesday last week but Tokyo will be a bigger hub to take note of in this case. The stores have been closed since the middle of March
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