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<p>On Thursday morning, financial markets saw an increasing demand for safe assets. Investors seem to be taking profits on an increasingly wide range of assets. American Nasdaq fell back to 10,000, losing 1.5% of its peak levels after the Fed meeting. Among other indices, the reversal to decline occurred a little earlier, with the S&P500

<p>For the past several weeks, we have been arguing that the performance of risk assets across the world are in total disconnect with economic and corporate fundamentals. The enormous addition of money supply through fiscal and monetary authorities has been the key driver for stock markets and in the US has seen the S&P 500 […]

<p>Spot gold eased from $1740 high (posted after three-day 3.2% pre-Fed rally) in early Thursday, as traders booked profits. The yellow metal accelerated higher after Fed presented its economic projections which point to long post-pandemic recovery and keeping low interest rates. Traders turn focus towards US weekly jobless claims which are e

<p>The common European currency has declined by 69 pips or 0.57% against the Japanese Yen on Wednesday. The currency pair reversed from the 50– hour simple moving average resistance level at 122.28 during yesterday’s trading session. As for the near future, the EUR/JPY currency exchange rate could continue to edge lower. Bearish traders

<p>The Australian Dollar has declined by 125 pips or 1.78% against the US Dollar since Wednesday’s trading session. The exchange rate is currently testing a support level formed by the 200– hour simple moving average at 0.6921. If the support line holds, bullish traders would target the 0.7000 level during the following trading session.

<p>The New Zealand Dollar has declined by 95 points or 1.45% against the US Dollar on since Wednesday’s trading session. The 50– hour SMA pressured the currency pair lower on Wednesday. Everything being equal, the NZD/USD exchange rate could continue to decline within this session. The possible target for bearish traders would be near t

<p>Fed commits to rock bottom rates for years, reaffirms ‘whatever it takes’ stance Dollar drops initially and stocks jump, but moves reverse as Powell doesn’t commit to yield curve control Markets in risk-averse mood overall Thursday, worrisome US virus numbers not helping Today: Eurogroup meeting to discuss recovery fund and US jobless clai

<p>The Euro is consolidating under new three-month high (1.1422), after Fed’s projections for the long way recovery of the US economy and signal that rates will remain at ultra-low levels for some time, raised traders’ concerns and inflated safe-haven dollar. Negative impact on Euro in post-Fed trading was so far limited as bulls

<p>EURUSD’s pullback from the fresh three-month high of 1.1421, looks to be reloading around the 1.1321 swing low. The nearly one-month climb from the 1.0773 mark remains intact, assisted by the Ichimoku lines and the positively charged simple moving averages (SMAs). Glancing at the short-term oscillators, they suggest that positive mom

<p>AUDUSD has fully recovered the virus-led sell-off within a narrow upward-sloping channel but December’s peak of 0.7031 managed to stabilize the rally, preventing the bulls to hunt new highs. According to the RSI and the Stochastics the pair is overbought as the former has already topped above 70, while the latter has reversed south and [&h