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13:45
May 31, 2020
Forex Today: Slow start to a busy week
What you need to know on Monday, May 1st:  The greenback closed the week with losses against most major rivals, hit by dismal US data and relief spurring demand for high-yielding assets triggered by US President Trump speech. Trump said that China broke its word to ensure the autonomy of Hong Kong. As a result,…
8:00
May 31, 2020
Gold: Next week’s key macroeconomic events to keep an eye on
The troy ounce of the precious metal closed the week virtually unchanged near $1,730 after staging a decisive rebound in the second half of the week. Although the XAU/USD pair seems to be struggling to find direction since surging to fresh multi-year highs at $1,765 earlier in May, next week's key macroeconomic events could change…
7:30
May 31, 2020
China: NBS Manufacturing PMI edges lower to 50.6 in May, remains in expansion territory
The economic activity in China's manufacturing sector expanded for a third straight month in May, albeit at a softer pace than it did in April, the National Bureau of Statistics (NBS) reported on Sunday. The NBS Manufacturing Purchasing Managers' Index (PMI) edged lower to 50.6 from 50.8 in April and came in slightly worse than…
17:30
May 30, 2020
Gold Price Analysis: XAU/USD closed week with small losses near $1,730
Risk-averse market environment helped gold find demand on Friday. The daily RSI suggests that bullish momentum is building up. The XAU/USD pair closed the first three days of the week in the negative territory and lost nearly 1.5% during that period. After touching its lowest level in two weeks at $1,694 on Wednesday, the pair…
20:45
May 29, 2020
AUD/JPY Price Analysis: Aussie finally breaks above the 71.75 resistance
AUD/JPY is trading in 12-week highs as the risk-on sentiment in Wall Street remains buoyant. AUD/JPY ends the month of May by finally breaking above the 71.75 resistance.   AUD/JPY four-hour chart   AUD/JPY is printing higher highs and lows as the positive sentiment in Wall Street remains intact. The quote finally broke above the…