Daily Market Analysis

The dollar index was up late Tuesday afternoon in Asia, extending the 0.8% gain in the previous session, when COVID-19 fears and worries over the US Congress’ stimulus impasse drove a selloff across other assets.

Bank of England Governor Andrew Bailey delivered a speech today. Let’s discuss what it means for a trader.

Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.

The JPY is the strongest and the NZD is the weakest. Jump in for the fresh analysis!

European shares fell on Monday as rising COVID-19 infection rates in Europe prompted renewed lockdown measures in some countries, casting doubt over the economic recovery, with a lack of U.S. stimulus also weighing on sentiment.

Asian equity markets were subdued, and US equity futures traded choppy after last Friday’s losses on Wall Street.

The New Zealand dollar is rising for the sixth straight day, outperforming its major peers. What is the reason? Let’s find out!

The U.S. Commerce Department said it will issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20.

Oil keeps rallying for the fourth day in a row after Goldman Sachs claimed that the oil market is in deficit and also because of the recent storm in the Gulf of Mexico, which led to the sharp decline of oil production. It is the best week for oil since June!

If we look at specific stocks, they trade differently. Which of them is worth buying now? Those which are at the local lowest lows. So let’s find them.

After yesterday's equity sell-off things are looking mixed in the Asian session this morning.

EUR/USD has turned up from the 50-day MA at 1.1715 yesterday. This is a sign that buyers are strong. Still, the short-term resistance line limits the upside at 1.1870.