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<p>US equities recorded the worst single-day sell-off since April on rising fears that a second wave of Covid-10 contagion would push the economies to shut down again. The Dow Jones slumped 6.90%, as Nasdaq erased 5.27% respectively at the close. The S&P500 (-5.89%) hit the critical 3000 support. Airlines, banks, energy and even technolo

<p>US 30 Index (Cash) found some footing on the supportive trend line at the 25,230 level, that being the 61.8% Fibonacci retracement of the down leg from the all-time high of 29,582.61 to the 40½-month low of 18,170. Negative pressures have risen, as the index has aggressive weakened in the last couple of days. Yet, […]

<p>USDCAD flew straight to the 1.3600 territory and back above the 200-day simple moving average (SMA) on Thursday after stubbornly refusing to close below the 1.3400 level during the past few days. The strong rebound in the RSI, which jumped above its 30 oversold mark, and the improving MACD, provide encouragement that the pair could keep re

<p>GBPJPY has come under renewed selling pressure over the past four days following the upside run towards the 15-week high of 139.80. The pair declined beneath the 100- and 200-day simple moving averages (SMAs) but found strong support at the 20-day SMA earlier today. Looking to the short-term oscillators, the stochastic and the RSI promote

<p>Worries of a second infection wave kill the euphoria in markets S&P 500 loses almost 6%, dollar and yen shine again, commodity currencies crumble But risk sentiment back on the mend Friday, with most moves retracing a little Just a mild correction or start of something bigger? Daily virus numbers might decide that Risk aversion [&hell

<p>INDICES Yesterday, European stocks were heavy, with the Stoxx Europe 600 Index shedding 4.1%, Germany’s DAX 30 sank 4.5%, France’s CAC 40 slumped 4.7%, and the U.K.’s FTSE 100 lost 4.0%. EUROPE ADVANCE/DECLINE 96% of STOXX 600 constituents traded lower or unchanged yesterday. 49% of the shares trade above their 20D MA vs

<p>Some key economic data were released this morning and they don’t look good. The U.K. monthly GDP fell 20.4% in April; it was estimated at -15.0%. On its side, the 3-month GDP to April fell 10.4%, vs -10% expected. Industrial production also suffered a lot as it fell 20.3% in April, vs -15.0% estimated. From […]

<p>Cable regains traction on Friday and recovers after strong fall on Thursday and today’s extension that was contained just above strong supports provided by 100DMA and Fibo 38.2% of 1.2074/1.2813 (1.2537/30). Fresh risk mode that lifts US stocks in early Friday’s trading elevates sterling but record contraction of the UK economy (Apr GDP -2

<p>Pivot (invalidation): 1735.00 Our preference Short positions below 1735.00 with targets at 1719.00 & 1708.00 in extension. Alternative scenario Above 1735.00 look for further upside with 1745.00 & 1755.00 as targets. Comment The RSI is mixed to bearish.</p> <p>The post <a rel="nofollow" href="https:/

<p>Asian stocks on Friday are extending yesterday’s declines, following the latest rout on Wall Street. The Dow Jones index saw prices sandwiched between its 100-day and 200-day simple moving averages, before ending the session 6.9 percent lower to register its largest single-day drop since March 16. The sharp descent in US equities app