Blogs

<p>Ifo updated their German economic forecasts and now expects GDP to shrink by -6.6% this year. A strong rebound of 10.2% GDP growth is expected in 2021.  “This is based on our evaluation of the ifo survey conducted among companies in May. On average, participants consider it most likely that their own business situation will […

<p>Hong Kong stocks tumble notably in Asian session today while off-shore Chinese Yuan also breached to a new low. US-China tensions intensified further over the proposed national security law for Hong Kong. (More details regarding the laws here). US Secretary of State Mike Pompeo told Congress on Wednesday that Hong Kong no longer qualifies

<p>Dollar is trading a touch softer in early US session after poor durable goods orders. Euro, on the other hand, is trying to extend the EU stimulus triggered gains. Overall, movements in the forex markets today are relatively limited. Yen and the greenback remain the weakest for the week while commodity currencies are strongest. Directions

<p>Asian markets continued to ignore risk rally in US and trade mixed today. Sentiments are mildly weighed down by US-China tensions over Hong Kong. But reactions are so far limited. Euro and Dollar are mildly firmer in Asian session but major pairs and crosses are staying inside yesterday’s range. For the week, commodity currencies are

<p>USDCHF presently below the 0.9700 mark, continues to zig zag above and below the mostly horizontal simple moving averages (SMAs) in a directionless market that has endured since early April. Glancing at the short-term oscillators, they too mirror weak directional momentum within the confines of 0.9588 and 0.9800. The MACD is just above its

<p>The contraction in the U.S. economy in the first quarter was revised to 5% annualized in the second estimate, slightly worse than the 4.8% reported a month ago. The second estimate is based on more complete source data than were available for the “advance” estimate issued last month. The BEA used novel data techniques to [&hell

<p>EURJPY despite the recent pullback in price maintains its bullish bias above the simple moving averages (SMAs) and the Ichimoku cloud. The current horizontal Ichimoku lines reflect a pause in price appreciation, while the short-term oscillators suggest some weakening in positive sentiment. The MACD in the positive region has flattened abov

<p>The US dollar index looks to be mostly neutral after a descent from the March 20 peak of the three-year high of 103.80, returning the price back below the 101.00 barrier and below the 20- and 40-day simple moving averages (SMAs). The decline in the MACD oscillator and the flattening mode in the RSI in the […]

<p>US futures call for a mixed open as Dow Jones and S&P500 contracts are edging higher while Nasdaq futures are losing some ground. For the first time since March 10, the Dow Jones Industrial Average closed above 25000 and the S&P 500 above 3000. The Nasdaq managed to gain some ground yesterday after starting falling […]

<p>European stocks are back in positive territory on Thursday while Wall Street is facing a mixed start, with the EU recovery package lifting sentiment on this side of the pond. The details of the package still need to be agreed, which could take months and include fierce debate among the “frugal four” and the rest. […]