Blogs

<p>Stock markets are pulling back a little on Tuesday after surging at the start of the week on some promising results for a potential coronavirus vaccine. A vaccine is key to getting the global economy functioning properly again and accelerating whatever recovery it is we’re heading for. The fact that this trial triggered an immune [&h

<p>The S&P 500 Futures are nearly unchanged after they soared yesterday as Drug-maker Moderna reported positive results for a coronavirus vaccine trial. Later today, U.S. official data on Housing Starts for April (a decline to an annualized rate of 927,000 units expected) will be released. European indices are on the downside. The U.K. O

<p>Federal Reserve chief Jerome Powell has had a busy public speaking week and his schedule will remain busy as he testifies before Congress on Tuesday and participates in a ‘Fed Listens’ event on Thursday. The minutes of the April 28-29 FOMC meeting are also due this week (Wednesday, 18:00 GMT) and policymakers will likely strike […]

<p>Markets appear losing steam following yesterday’s gains motivated by Fed Chairman Powell comment that monetary stimulus is still on the table as well as headlines concerning the potential discovery of a vaccine by Moderna Inc that could create an immune-system response in the body, bringing extra remedy ammunition against Covid-19 at

<p>Notes/Observations Initial optimism on EU Recovery fund dissipated into realism that the fund still faced hurdles in upcoming “difficult” negotiations UK unveiled new post-Brexit global tariff regime – German May ZEW survey painted a mixed picture but optimism prevails Asia: RBA May Minutes reiterated stance that would no

<p>EURCHF recorded its largest daily gain in more than a year on Monday after repeatedly failing to clear the tough 1.0500 bottom. On Tuesday the pair is attempting to claim a similar credit, but it first needs to remove the 1.0652 resistance and close above 1.0700 to confirm additional buying action. The momentum indicators are […]

<p>WTI futures for July delivery advanced to a fresh six-week high of 33.05 on Monday before pulling slightly back, opening the way for more bullish actions on the 4-hour chart. The price has been creating an upside trend since April 28, and the 20- and 40-period simple moving averages (SMAs) posted a bullish crossover in […]

<p>The euro currency has continued to rally against the US dollar during the European trading session, with the pair reaching the 1.0940 area. Technical analysis currently shows that the EURUSD pair is testing towards the top of a large symmetrical triangle pattern. A breakout above the triangle pattern could cause the EURUSD pair to surge [&

<p>Bitcoin has started to turn lower on the week after buyers failed to move price above the $10,000 resistance level yesterday. Technical analysis shows that a breakout above the $9,900 level will activate a bullish reversal pattern on the lower time frames. According to the size of the pattern, the BTCUSD pair could surge towards […]

<p>On Monday, the XAU/USD exchange rate revealed a rising wedge pattern, as it reversed south from the upper pattern line. During today’s morning, the pair was testing the support formed by the 100-hour SMA near 1,730.00. If the given support holds, it is likely that a reversal north could occur, and the price for gold […]