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<p>Japan GDP contracted -0.9% qoq in Q1, better than expectation of -1.2% qoq. Following the -1.8% qoq contraction in Q4, the country was already in a technical recession for the first time in more than 4 years. In annualized rate, GDP contracted -3.4% in Q1, better than expectation of -4.6%. Economy Yasutoshi Nishimura warned “both [&h

<p>UK and EU continued to complain each other after last week’s Brexit negotiation stalemate”. UK Cabinet Officer Minister Michael Gove said there is a “big philosophical difference” between the two sides. And EU wants UK to “follow their rules even after we have left the club”. Though he remained “co

<p>In CBS 60 Minutes, Fed Chair Jerome Powell reiterated that the central bank is not considering negative interest rates. He said, “I continue to think, and my colleagues on the Federal Open Market Committee continue to think, that negative interest rates is probably not an appropriate or useful policy for us here in the United [&helli

<p>Sterling surges notably today after UK announced new tariff regime after Brexit, allowing 60% of trade to be tariff free. In the background, markets are supported by solid risk appetite, on coronavirus vaccine optimism. New Zealand and Australian Dollar are both strong together with the Pound. On the other hand, Yen, Swiss Franc and Dollar

<p>Global stock markets surge sharply today on optimism that coronavirus vaccine research took another big step. New Zealand Dollar leads commodity currencies generally higher. On the other hand, Yen, Dollar and Swiss Franc are under broad based pressure. Gold also retreats notably back below 1750 in the risk-on markets. WTI crude oil is exte

<p>Sterling stays generally weak as another week starts. The Pound was weighed down by comments from BoE chief economists Andy Haldane, who said that negative rate was “something we’ll need to look at – are looking at – with somewhat greater immediacy.” Dollar is also slightly softer with mild risk recovery in Asian markets.

<p>Expiring tomorrow (May 19), the front-month WTI crude contract continues to climb higher. At the time of writing this report, price is trading narrowly around US$30/bbl, up almost 50% from end of April. Recall that last month, the WTI futures for April delivery collapsed to the negative territory before expiry amidst the lack of storage [&

<p>AUDUSD has been consolidating since the end of April around the Ichimoku cloud and the 40-period simple moving average (SMA) currently at 0.6473. The price is trading within the 0.6378 – 0.6570 area with the stochastics approaching the overbought zone and the RSI touching the 50 level, suggesting some more gains in the 4-hour chart. [&hell

<p>The British pound has moved above the 1.2100 level against the US dollar ahead of key employment and unemployment data from the UK economy this morning. The GBPUSD pair could fall towards the 1.2020 support level today if the 1.2090 level is broken. Bulls need to move price back above the 1.2160 level to encourage […]

<p>Ethereum remains well-supported on dips, with the second-largest cryptocurrency having a bullish short-term bias while price trades above the $200.00 level. Technical analysis currently shows that the ETHUSD pair remains trapped within a large rising price channel. Traders should be aware that rising price channel is currently located betw