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<p>The euro finally found its footing this week, bolstered by a Franco-German plan for a European recovery fund worth half a trillion euros to assist the economies most devastated by the crisis. Although the proposal is a step in the right direction for establishing some debt-sharing mechanism that ultimately sets the stage for Eurobonds, its

<p>Virus recovery hopes have gotten a boost after preliminary PMI readings for May rebounded more strongly than expected, underscoring the market optimism. But with economic releases set to quieten down in the coming week, Washington’s increasingly hostile language against China threatens to upset the dubious risk-on theme. Any panic-driven s

<p>Canadian retail sales fell 10% in March (m/m), the largest decline since data became available in 1991. Statistics Canada also provided advanced estimates for April, with sales expected to decline a further 15.6% (this figure is subject to revision). Netting out price changes retail trade volumes were down an unprecedented  8.2% on the mon

<p>Retail sales post record 10% decline in March StatCan advance estimate shows further 15.6% drop in April Trend toward e-commerce accelerating Canadian retail sales declined at a record pace in March when efforts to contain the spread of COVID-19 forced the closure of many non-essential businesses in the second half of the month. StatCan no

<p>The S&P 500 Futures are calling for a flat to positive open after they closed lower yesterday, dragged by renewed tensions between the U.S. and China. While reiterating his disappointment with China’s response to the coronavirus crisis, U.S. President Donald Trump claimed China was behind a disinformation and propaganda attack o

<p>AUDJPY inched lower in the last couple of sessions, after touching a 6-week high at 71.00, but the series of higher highs and higher lows is still intact on the daily chart, keeping the broader outlook positive. Endorsing the improved sentiment, the 50-day simple moving average (SMA) has turned higher, while the pair is also […]

<p>The last thing the world needs right now is rising tensions between the world’s largest economies but that’s what we’re being treated to and it’s already taking its toll. In many ways, the crisis has brought people and communities closer together but unfortunately the same cannot be said of the world’s leaders

<p>GBPAUD added new legs to the downward pattern it started in early March after piercing the 200-day simple moving average (SMA), with the developing bearish cross between the 20- and 200-day SMAs increasing the case for another extension. That said, a rebound in the price cannot be ruled out as the RSI and the Stochastics […]

<p>The USD strengthened against a number of its counterparts yesterday and during today’s Asian session as the frictions in the relationships between the US and China seem to escalate. Tensions in the US-Sino relationships escalated further on a number of issues, this time including China’s relationships with its city of Hong Kong and its res

<p>Bitcoin has moved back above the $9,000 level after dip-buying interest came in from the $8,800 technical support area earlier today. Going forward, BTCUSD bulls need to move price back above the $9,300 level to further stabilize the cryptocurrency in the short-term. It is also noteworthy that bulls need to move price above the $9,800 [&he