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The recovery in Cable is now targeting the 1.2230 region, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that ‘

In their latest report released on Monday, IHS Markit economists Nariman Behravesh and Sara Johnson predicted the global economic output will take abo

Traders trimmed their open interest positions for the first time after four consecutive daily builds, this time by just 429 contracts at the beginning

Despite fresh threats to Monday’s risk-on mood, Asian shares remain bid while heading into the European session on Tuesday. The reason could be traced

<h3>USA500, Daily</h3> <p>US equities have opened positively and the USA500 moved back to the key 61.8 Fibonacci level of the March 23 low. Overnight gains have extended higher after Moderna shares surged following the company’s report of positive data for an experimental coronavirus vaccine. Stocks were already in rally mod

<p>Equity markets have turned choppy after strong April gains as the complex task of restarting economies makes for a new kind of uncertainty. Indeed, the recovery is likely to be very uneven and the ups and downs in economic activity and the varying degrees of spread of the virus will be closely tracked by the […]

<h3>GBPUSD, H1</h3> <p>The commodity currencies have traded firmer concomitantly with a rise in stock markets, which have posted moderate gains in Asia-Pacific markets and had a positive start in Europe, and the S&amp;P 500 futures have rallied by over 1%. This came after Fed Chairman Powell warned that the Fed is not out of a