Blogs

<p>At the start of another June week, Brent remains under bearish pressure. The asset is trading at 37.58 and has significant reasons for that. The key thing that triggered these sales in the instrument is investors’ concerns about the slow growth of the demand for commodities – not as active as expected. These concerns only […]

<p>USDJPYs’ efforts to gain ground were slashed around a two-month high of 109.84, and the price was returned beneath the Ichimoku cloud and to the proximity of the 200-period simple moving average (SMA) at 107.44. Additionally, despite the recent stall in the red Tenkan-sen line, the Ichimoku lines negative tone remains intact and could rece

<p>The S&P 500 Futures are turning down again after they rebounded on Friday as investors fear a second coronavirus wave is incoming. In China, capital city Beijing was forced to lock down residential buildings and a large market amid newly-confirmed coronavirus cases. Due later today is the Empire Manufacturing Index for June (a rise to

<p>GBPAUD is in fight again with the upper surface of the narrow descending channel that has been holding since the beginning of April with scope to end the bearish cycle after finding strong support near 1.8050. The persisting positive momentum in the RSI and the MACD, which is correcting towards the bullish area, is an […]

<p>The single European currency has surged by 2.62% against the New Zealand Dollar since last week’s trading sessions. The currency pair tested the 100– period simple moving average on June 12. Given that the exchange rate is currently trading near the upper boundary of a descending channel pattern, a breakout could occur during the fol

<p>The Australian Dollar has declined by 2.28% against the New Zealand Dollar since June 1. The currency pair tested a support cluster formed by the weekly S1 and the monthly S1 at 1.0609. As for the near future, the AUD/NZD exchange rate could continue to edge lower. Sellers could target the 1.0500 mark during the […]

<p>The US 500 cash index remains under pressure as its price continues to drift lower from the 15-week high of 3,233. The short-term technical indicators in the daily chart are bearish and point to more weakness in the market. The flat 200-period simple moving average (SMA is currently capping positive movements as the 50-day SMA is ready to

<p>Notes/Observations Risk aversion flows pick up over concerns about rising new cases of Covid-19 and the risk of another wave of infections Asia: China May Retail Sales missed expectations (YoY -2.8% v -2.3%e China May Industrial Production missed expectations (YoY: 4.4% v 5.0%e) China May Surveyed Jobless Rate: 5.9% v 5.9%e Coronavirus: To

Sterling has not been very volatile in the session after there was no real news from the meeting between UK PM Boris Johnson and the EU commission on

EUR/CHF recovery attempt from 1.0645, capped below 1.0730. The pair is risking to activate a Head and Shoulders formation below 1.0650/55. The euro’s