Blogs

<p>While risk market retreats mildly, the developments in currency markets are unchanged. New Zealand and Australian Dollar remain the strongest one for now. In particular, Kiwi is lifted a bit further by RBNZ governor’s comment that it doesn’t want to go to negative rates for now. Aussie somewhat shrugs off expectedly poor April

<p>The price of crude oil rose slightly in the Asian session after an encouraging report from the American Petroleum Institute (API). The report showed that inventories declined by more than 4.8 million barrels in the previous week. This is a sign that demand is slowly creeping back. Just last week, data from the EIA showed […]

<p>Market movers today FOMC minutes are released today and we will look for clues on what to expect, as the Fed has hinted more easing is on its way. However, it is likely to be a non-event. In the euro area, we get preliminary consumer confidence in May. It is probably too early to expect […]

<p>General Trend: Questions have been raised about certain coronavirus treatments, Fujifilm [4901.JP] and Moderna [MRNA] both decline Early decliners in Shanghai include property and financial companies Large Japanese banks comment on CLO exposures BoJ to hold unscheduled meeting on May 22nd (Friday) to discuss new measure to provide funds to

<p>Bitcoin has started to push lower, following a series of failed attempts to anchor price back above the $10,000 resistance level. Technical analysis shows that short-term traders may consider selling the BTCUSD pair if price holds beneath the $9,300 level. To the upside, a breakout above the $9,900 resistance level could cause the BTCUSD t

<p>The euro currency has started to stabilize above the 1.0900 level against the US dollar after the pair found strong resistance from the 1.0980 level. Technical analysis shows that repeated failure to move price above the 1.0980 resistance level will generate a bearish signal for the EURUSD. In the near-term, buyers remain in control while

<p>The US dollar has continued its breakout rally against the Japanese yen currency as risk-on trading sentiment in broader financial market improves. The USDJPY pair will turn technically bullish over the medium-term if price moves above the 108.30 resistance level. Traders should note that a breakout above the 108.30 resistance level could

<p>This morning, government data showed that Japan’s core machinery orders slid only 0.4% on month in March (vs -6.7% expected). Tomorrow, April, Balance of Trade will be released. A 560 billion yens deficit is expected with a 22.7% drop in exports. From a technical point of view, on an intraday chart, USD/JPY stands above an […]

<p>Tensions between the U.S. and China remain heightened. U.S. President Donald Trump has been reiterating his disappointment with China’s response to the coronavirus crisis. In a recent interview with Fox Business Network, Trump said he didn’t want to speak to Chinese President Xi Jinping at the moment. “There are many thin

<p>For the 24 hours to 23:00 GMT, the EUR rose 0.07% against the USD and closed at 1.0924. On the macro front, Euro-zone&#8217;s ZEW survey economic sentiment index climbed to 46.0 in May, compared to a level of 25.2 in the previous month. On the other hand, seasonally adjusted construction output dropped 14.2% on a […]