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5/5/2021 10:23:52 AM GMT | By Pablo Piovano UOB Group’s FX Strategists suggested that USD/CNH could have now moved into a consolidation range between 6.4650 and 6.5020. Key Quotes 24-hour view: “Our view for USD to trade sideways was incorrect as it popped up to an overnight high of 6.4912 before pulling back quickly. The pullback could extend lower but sustained decline below 6.4740 is unlikely. Resistance is at 6.4880 followed 6.4920.” Next 1-3 w...

India crosses 20m corona cases Top Story May 4, 2021 NEW DELHI: India´s total COVID-19 caseload crossed 20 million and oxygen shortages exacerbated a devastating second wave on Monday, as the EU proposed new rules that could allow travellers who are fully vaccinated to enter the bloc. Cases have soared by around eight million since the end of March, with Indian Prime Minister Narendra Modi under growing pressure to take decisive action to reverse the surge. As many as 318,066 new cases were ...

India crosses 20m corona cases as Europe eyes opening up surge Top Story May 4, 2021 NEW DELHI: India´s total COVID-19 caseload crossed 20 million and oxygen shortages exacerbated a devastating second wave on Monday, as the EU proposed new rules that could allow travellers who are fully vaccinated to enter the bloc. Cases have soared by around eight million since the end of March, with Indian Prime Minister Narendra Modi under growing pressure to take decisive action to reverse the surge. As...

India crosses 20m corona cases as Europe eyes opening up Top Story May 4, 2021 NEW DELHI: India’s total COVID-19 caseload crossed 20 million and oxygen shortages exacerbated a devastating second wave on Monday, as the EU proposed new rules that could allow travellers who are fully vaccinated to enter the bloc. Cases have soared by around eight million since the end of March, with Indian Prime Minister Narendra Modi under growing pressure to take decisive action to reverse the surge. As many...

The Turkish currency depreciates to new multi-day lows vs. the dollar and lifts USD/TRY to fresh peaks around 8.3500. USD/TRY targets 8.4000 near-term

5/3/2021 2:04:18 PM GMT | By Pablo Piovano USD/TRY recedes from earlier tops around 8.3300. Turkey’s inflation figures extended the uptrend in April. The Turish central bank (CBRT) meets on Thursday. The Turkish lira depreciates further vs. the greenback and lifts USD/TRY to fresh multi-day highs around 8.3300 at the beginning of the week. USD/TRY now looks to the CBRT USD/TRY advances for the third consecutive session on the back of further selling bi...

Blockchain Platform Fantom ($FTM) Crosses 3 Million Transactions Fantom, the fastest blockchain platform, is consistently surpassing users and investors expectations, and today, its celebrating surpassing 3 million transactions. The Fantom platform has been outperforming all expectations since its original introduction with its lightning-fast network speed and low transaction fees. More and more users have begun using the platform, as through Fantoms innovative technology they can achieve trans...

4/30/2021 7:47:25 AM GMT | By Pablo Piovano In opinion of FX Strategists at UOB Group, USD/CNH is seen potentially grinding lower to the 6.4410 level in the next weeks. Key Quotes 24-hour view: “Our expectation for USD to ‘weaken further to 6.4550’ did not materialize as it traded between 6.4615 and 6.4757. The recent weakness appears to have stabilized somewhat but there is still scope for USD to move lower to 6.4550 first before a recovery can be...

4/30/2021 9:32:37 AM GMT | By Haresh Menghani The sterling’s relative underperformance helped EUR/GBP to regain traction on Friday. Disappointing German GDP print, stronger USD weighed on the euro and capped gains. Upbeat Eurozone GDP/CPI figures failed to impress bulls or provide any fresh impetus. The EUR/GBP cross held on to its modest intraday gains post-EU macro data, with bulls still awaiting a sustained move beyond the 0.8700 round-figure mark. T...

The selling bias in the Japanese yen motivates EUR/JPY to accelerate the upside to the area above the 132.00 yardstick, clinching at the same time new