Daily Pivots: (S1) 0.9185; (P) 0.9202; (R1) 0.9223; USD/CHF’s fall from 0.9304 resumed by taking out 0.9162. Corrective rebound from 0.8998 has completed with three waves up to 0.9304. Intraday bias is back on the downside for retesting 0.8998 low. On the upside, break of 0.9218 minor resistance wil

USD/JPY bulls struggle to make headway above critical support. 106 is key on the upside, although the USD could well start to give back some ground. USD/JPY is starting out the week on the offer with repeated failures through the critical resistance around the mid-point of the 105 area.  There are

Toward the end of trading Friday, the Dow traded up 0.26% to 27607.31 while the NASDAQ fell 1.05% to 10805.00. The S&P also fell, dropping 0.24% to 3331.34. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 6,397,540 cases with around 191,800 deat

The US Federal Open Market Committee (FOMC) meeting minutes were released Wednesday from its late July meeting. The minutes showed an expression of concern over the US economy and the impacts that the coronavirus was still having several months on from the initial US outbreaks. Stocks and bonds yiel

Both  India and China were once wealthy regions in the pre-industrial age but were impoverished by the penetration of manufactured products in their internal markets in the 19th century which bankrupted their domestic cottage industries and  caused the internal linkages in their economies to collaps

Comments from Boris Johnson's spokesman: Will set out at end of week whether to go ahead with reopening of remaining sectors of the economy Expects an update on virus deaths data shortly Schools would be the absolute last sector to close in any local lockdown All the signs point to a complete reo

Gold prices stay on the bids following latest pullback from $1,862.99. Uncertainty surrounding the US fiscal plan, Sino-American tension adds fuel to the bullion’s north-run. US dollar refreshes the multi-day low while slipping under 95.00. Virus news, US-China story and aid plan headlines will be i

Photo: FM There has been a development in the Ontario Securities Commission’s (OSC) case against Coinsquare Ltd., which the regulator alleged had conducted wash trading, with a Panel of the regulator reaching a settlement with the company, as well as Cole Diamond, Virgile Rostand and Felix Mazer.

France's industrial production rebounded at a faster than expected pace in May as coronavirus containment measures were relaxed, data from the statistical office Insee showed Friday. Industrial output grew 19.6 percent on a monthly basis, reversing a 20.6 percent fall in April. This was the first ri

The Chinese state media advised the investors to respect the market and act rationally, in light of recent China’s rhetoric-fuelled stock market rally, per Reuters. Key takeaways “Experience suggested that economic fundamentals were always the basis for changes in valuation, and only a long-term bul

EUR/USD adds to Friday’s gains and approaches the 1.1300 mark. German Factory Orders, EMU’s Retail Sales, Sentix index next on tap. ISM Non-Manufacturing, Markit’s Services/Composite PMI in the US docket. The single currency is extending the upbeat momentum at the beginning of the week and pushes E