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<p>Pivot</p> <p>&nbsp;(invalidation): 0.6915 Our preference</p> <p>Long positions above 0.6915 with targets at 0.6985 &amp; 0.7025 in extension.</p> <p>Alternative scenario</p> <p>Below 0.6915 look for further downside with 0.6880 &amp; 0.6850 as targets.</p>

<h2>Fresh Liquidity Injection</h2> <p>European asset markets have been given a fresh boost this week, with the ECB announcing that it will increase the size of its bond-purchase program by 600 billion EUR. The bank’s recently launched Pandemic Emergency Purchase Program (PEPP) will now run at 1.35 trillion EUR in total. The progra

<h2>Key Points from This Week</h2> <p><strong>US Civil Unrest Intensifies</strong></p> <p>Black Lives Matter protests, which sprung up in the wake of the killing of unarmed, black-American George Floyd last week, have raged for 10 nights now. Sprawling across more than 141 cities the protests have been met

<p><span>Asian stocks went higher on Friday, ready to post the second straight weekly gain, as U.S. and European equity-index futures advanced. The dollar extended its slide for the third week and crude oil climbed. Ten-year Treasury yields held near the highest level since March. The euro earlier surged after the European Central Bank

<h2><span>Daily Market Outlook, June 5, 2020 </span></h2> <p><span><strong>Risk sentiment remained mixed during the Asia trading session ahead of today’s key US labour market figures</strong>. Brent crude oil edged above $40pbl as OPEC+, including Saudi Arabia and Russia, may reportedly meet as soon a

<p>USDCHF Daily Outlook – On Thursday European Central Bank ramped up its pandemic bond-buying to 1.35 trillion euros, we found out that the U.S. weekly jobless claims totaled 1.877 million last week and that its Exports, Imports Fell Sharply in April, but the UK Construction sector downturn eased in May following the slump in April.<

Is Greenback the reason for US stock market madness? When the US stock market recovered after the 2009 crisis, they called it “the most hated rally in history”. Back then, most investors became hostages to their own scepticism as they had believed that a recession that large would make S&P 500  collapse much deeper than […]

USD/JPY remains likely to grow. Estimated pivot point is at a level of 108.20. Main scenario: long positions should be considered from corrections above the level of 108.20 with a target of 110.75 – 111.80. Alternative scenario: breakout and consolidation below the level of 108.20 will allow the pair to continue declining to the levels […]

The pair GBP/USD remains likely to grow. Estimated pivot point is at a level of 1.2497. Main scenario: consider long positions from corrections above the level of 1.2497 with a target of 1.2800 – 1.3150 Alternative scenario: breakout and consolidation below the level of 1.2497 will allow the pair to continue declining to the levels […]

The pair EUR/USD remains likely to grow. Estimated pivot point is at a level of 1.1193. Main scenario: consider long positions from corrections above the level of 1.1193 with a target of 1.1490 – 1.1723. Alternative scenario: breakout and consolidation below the level of 1.1193 will allow the pair to continue declining to the levels […]