The Chinese yuan gained after the better-than-expected manufacturing data. Let's have a closer look.
Tag - fundamental analysis
Gold had to rise above $2 000 after the poor ADP report, but it didn’t. Here are 3 main resistance levels to watch out.
The New Zealand dollar is rising for the sixth straight day, outperforming its major peers. What is the reason? Let’s find out!
Goldman Sachs advised investors to go long on the pound vs the euro. How far may EUR/GBP drop? Let’s find out!
The US-Chinese relationship has been tense amid Trump’s governance, but if Biden wins, the situation may change. Let’s find out what it means for the Chinese yuan.
USD/CAD has been falling for a long rime. Has it hit the bottom?
GBP/CAD keeps falling to the downside amid fears over the no-Brexit deal. According to JPMorgan, the pair will continue dipping throughout the whole of September.
XAU/USD is edging higher, but may meet soon the strong resistance. What is the forecast?
CIBC anticipates USD/ZAR will end 2020 at around 15.15, and 2021 at 14.95.
The rout in tech stocks in the US over the last day has been a stiff test of nerve for European markets but one to which they appear to be equal, at least for now.
The USA will publish its Advance GDP growth at 15:30 MT (GMT+3). If the data is really stronger-than-expected, the USD will get another stimulus to rise and EUR/USD will fall.
The UK has published a set of encouraging economic data on Friday. UK Retail Sales came out with better-than-expected data as well as PMI reports.