Blogs

USD/CAD continues its strip lower after breaking below the 13 April support and the 100-day moving average For bank trade ideas, check out eFX Plus It is still largely about risk and the dollar, and higher oil prices is also helping the loonie stay more underpinned in recent weeks as we see USD/CAD fall further […]

EUR/USD climbs to fresh highs since 17 March For bank trade ideas, check out eFX Plus US futures have gotten another nudge higher alongside European stocks and that is pushing the dollar weaker across the board once again on the session.

Cable moving closer towards a test of its 100-day moving average For bank trade ideas, check out eFX Plus There is still no fighting the run higher in cable for now, as the pound surges ahead to start the European morning. I'm not seeing any specific headline triggers for the move but buyers are now […]

RBA took a step towards the positive It's too early to assume that the virus won't be as bad as feared but it's not too early to ponder how central banks would manage that.

ING expects the ECB to boost its PEPP stimulus later this week "Combined, they imply a slower pace of purchases than what has been implemented so far: from the current run rate of roughly €105 billion per month that can continue until October, to €56 billion if the additional envelope is spent evenly until June […]

<p>AUD/JPY surges sharply today as the top gainer so far, on the back of strong risk appetite in the market. In particular, DAX is up nearly 4% back from a three-day break. CAC, up 2.1%, is not too far away while FTSE is also up 1% at the time of writing. Aussie is also supported […]

<p>Global stock markets continue with impressive rally today, with focuses on back-to-normal optimism. Germany’s DAX is even more impressive, with more than 3.7% against at the time of writing, after a three-day break. It’s supported by news that Chancellor Angela Merkel’s ruling coalition is working on another massive stimu

<p>Risk appetite continues today with mild strength in Asian markets, following the slightly higher close in US overnight. It seems that investors completing ignoring the unrest in the US, as well as its tension with China. In the currency markets, Sterling is currently the strongest one for today, followed by Canadian. Australian Dollar is f

<p>EURCHF’s latest gains off of the 1.0575 mark have followed the upper Bollinger band until the 200-day simple moving average (SMA). Additionally, the momentum indicators reflect buyers’ efforts for further advances, despite the capping 200-day SMA at 1.0763. The short-term oscillators at the moment continue to reflect an improving picture w

<p>Cable cracked 100DMA barrier (1.2570) in extension of Monday’s 0.55% rally through 1.2500/16 (round-figure / Fibo 61.8% of 1.3199/1.1409). Weakening dollar holds in red for the sixth straight day and underpin pound with fresh support coming from optimism over continuation of EU/UK Brexit negotiations. Strong bullish momentum on daily chart