BofA argues that dollar demand this year-end isn't quite what it used to be The firm's chief rates strategist in Tokyo, Shuichi Ohsaki, says that the seasonal widening in yen-dollar 3-month cross currency basis swap is expected to be contained, thus not really reflecting strong demand for dollars by

Well, last week, tech stocks had their worst week since March, with stability far from returning.  While the jury is still out, most still view the pull back in tech stocks as a healthy correction following a prolonged period of gains, blaming increased options activity over recent months for the ma

Daily Pivots: (S1) 0.9087; (P) 0.9107; (R1) 0.9140; Sideway consolidations continue in USD/CHF and intraday bias remains neutral. With 0.9197 resistance intact, further decline is still in favor. On the downside, break of 0.9009 will resume larger down trend. However, considering bullish convergence

The price of USD/CAD is at a crossroads where it is almost made or break time. From a swing trade perspective, there are bearish and bullish scenarios that could come into play depending on how things now develop in the daily chart. USD/CAD has been in a chop over the past week as the US dollar str

Photo: FM 2020 so far has been a big year for crypto. It’s almost as though the bullish predictions that were being made about Bitcoin in late 2017 are starting to come true: more people are entering the space, BTC’s price is climbing ever higher, and institutional investors are entering crypto in

Daily Pivots: (S1) 1.1726; (P) 1.1771; (R1) 1.1832; Intraday bias in EUR/USD remains neutral and more sideway trading could be seen. Outlook stays bullish with 1.1695 support intact. Break of 1.1916 will resume whole rise form 1.0635. However, on the downside, firm break of 1.1695 should confirm sho

EUR/USD's immediate bearish bias stands neutralized after Tuesday's Doji. A close above Tuesday's high is needed to revive the broader bull trend.  EUR/USD created a classic Doji candle with a relatively long upper shadow on Tuesday, indicating indecision in the market place and making Wednesday’s

Photo: FM Trading volumes, new account openings, as well as top and bottom lines of earnings at Polish FX brokerage XTB have been off the charts so far this year as a record number of first-time investors joined its platform during the Covid-19 chaos. Compared to a period of weak growth in the H1

NZD/USD has once again had a good session rising 0.31%. This could mark the fourth positive session in a row.  NZD/USD daily chart NZD/USD has been performing very well on the week trading 1,64% higher. The price broke above the black resistance line at 0.660 and looks set to hit the red resistance

GBP/USD extends pullback from 1.2536 after flashing a bearish candlestick formation the previous day. Failures to cross 200-day EMA, lower high from the recent top favors the sellers. Bulls will have a bumpy road before challenging the June month top. GBP/USD extends the latest recovery moves from

GBP/USD eases from 1.2730, the highest since March 12, 2020. Risk reset, US dollar pullback drags the quote from the multi-day top, UK news keep traders guessing. Brexit deadlock extends, UK’s coronavirus deaths drop to the lowest since lockdown began. Qualitative catalysts become the key amid a lig