Hang Seng Index Reaches Three-Year High

The Australian dollar has taken a tumble on Wednesday. In the European session, AUD/USD is trading at 0.6416, down 1.1% on the day at the time of writing. Earlier, the Australian dollar dropped as low as 0.6407, its lowest level since August 5. Australia’s GDP misses expectations Australia’s GDP report was a disappointment, falling short […]

EURUSD rebounds off 1.0875 50- and 200-SMAs post golden cross Price is still well above uptrend line EURUSD is rising somewhat after the pullback off the 1.0875 support level and has been battling with the 20-day simple moving average (SMA) over the last four sessions. It is worth mentioning that the 50- and the 200-day […]

US retail sales will hit the markets at 12:30 GMT Monday Early Easter holiday likely boosted consumer spending Another solid dataset could put more wind in the dollar’s sails US economy outperforms By most indications, the US economy finished the first quarter on a high note. Incoming data point to a robust labor market, which […]