Blogs

<p>The forex markets turned mixed today, together with major Asian indices. Dollar and Yen are trying to recover but there isn’t any conviction in buying. Both remain the worst performing ones for the week so far. News regarding lockdown exits and coronavirus vaccines were generally welcomed. But investors are turning a bit more cautiou

<p>Daily Pivots: (S1) 1.0581; (P) 1.0607; (R1) 1.0629; More… EUR/CHF’s rise resumes today by taking out 1.0662 and hits as high as 1.0698 so far. Intraday bias is back on the upside for 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). Firms break there will put 1.0811 key resistance in focus. On [&helli

<p>There’s been a lot of talk for a powerful V-shaped recovery, but that has only happened in the stock market, which is ignoring the rising economic and geopolitical risks and is instead plowing higher, powered by a tsunami of stimulus. Alas, at current levels equities imply a ‘painless’ recession, which is probably much too rosy. […]

<p>While markets are shifting focus to the second half of the year, hoping to see signs of economic recovery on the back of easing lockdown measures, the loonie will take a glance at Friday’s Q1 GDP numbers at 12:30 GMT. The monthly GDP readings for March may attract special attention as this was the month […]

<p>During today’s Asian session, Japan’s Prime Minister Shinzo Abe and his cabinet approved another ¥117T (USD $1.1T) stimulus package including subsidies to help firms pay rent, financing help for struggling companies, support for local economies, and health care assistance. This agreement matches the country’s stimulus package from April, b

<p>The European Commission today unveiled its long-awaited recovery fund (‘Next Generation EU’) and revised EU budget, amounting to EUR1.85trn in total (11.2% of EU GDP). Here we summarise the key things to note from today’s proposal. Size of recovery fund: EUR500bn in grants + EUR250bn in loans (i.e. 66/33% split). The Comm

<p>GBPJPY’s recent up move from the 129.28 level appears to be finding difficulty in closing above the 200-period simple moving average (SMA) at 132.60 and the 133.00 handle. The flatness in the MACD and the blue Kijun-sen line reflect a stall in positive momentum, while the upward slopes in the red Tenkan-sen line and the […]

<p>Cable fell some hundred pips on Wednesday as traders booked profits from Tuesday’s 1.2% rally, weakening near-term structure and shifting focus lower. Bull-trap pattern is forming on daily chart following unsuccessful attempts to clearly break above daily cloud, as the pair closed above cloud top on Tuesday but subsequent weakness on

<p>The S&P 500 futures remain well directed as they are boosted by the potential development of a coronavirus vaccine and further easing of lockdown measures in the U.S. and around the world. Biotechnology firm Novavax said on Monday it has started the Phase 1 clinical trial of a novel coronavirus vaccine candidate, making it one [&helli

<p>The Economic Sentiment Indicator (ESI) and preliminary inflation readings will be the data highlights in the Eurozone this week. The ESI is out on Thursday and the flash inflation estimate will follow on Friday; both are due at 09:00 GMT. The two reports are expected to paint contrasting pictures as the ESI should tick higher […]