Blogs

GBP/USD is trading below the main SMAs on the daily chart suggesting a bearish bias as the market is under heavy selling pressure in 6-week lows.

The Australian dollar has extended its reversal from 0.6560 highs on Monday, to test one-week lows at 0.6400. The Aussie has been hammered by risk ave

The DAX closed Friday on a positive note. However, on a weekly basis, the German benchmark suffered losses. The sharpest slump in growth since the gre

United States Baker Hughes US Oil Rig Count fell from previous 292 to 258

The US' federal government is focusing on 14 potential coronavirus vaccines and seeking to narrow the list further, US President Donald Trump said in

The crude oil recovery is gaining some strength printing fresh May’s highs while trading above the main SMAs on the four-hour chart. As crude oil is in a domin

<h3>USDJPY, H1</h3> <p>US retail sales plummeted another <strong>-16.4%</strong> in April and dropped -17.2% excluding autos, to all-time lows. The April data picked up much of the full extent of the economy’s closures. These follow the -8.3% (was -8.7%) headline decline in March and the -4.0% (was -4.2%) decline

<p>The Commodity market is mixed, with precious metals finding a near-term lift following the announcement of a double QE program from <strong>RBNZ,</strong> the comments from Fed Chair <strong>Powell</strong> on Wednesday and the US Jobless claim release this week. Gold spiked today to its April 23 high at the <str

<h3>EURUSD, H1</h3> <p>Preliminary data for Q1 showed German economic activity <strong>contracting -2.2%</strong> q/q, in line with expectations and leaving the working day adjusted annual rate at -2.3%. At the same time Q4 numbers were revised down to -0.1% q/q from 0.0% q/q reported initially, so <strong>German