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EUR/CHF hit fresh lows for the year yesterday but the SNB is still keeping price action above the 1.0500 handle See here for global coronavirus case data EUR/CHF nudged to a low of 1.0505 in overnight trading, amid initial pressures on equities in US trading before reversing the move to keep around 1.0515-30 levels – […]

Gold broke above the narrowing wedge pattern in trading yesterday See here for global coronavirus case data Gold price action has largely been consolidating over the past few weeks, clearly depicted by the narrowing wedge as seen above. But amid the poor start to stocks in early trading yesterday, gold broke out above the wedge […]

USD/JPY falls to a session low of 107.10, under its 100-hour moving average The move higher came on the back of a turnaround in US equities, but stalled at 107.43 as the rebound failed to take out the 38.2 retracement level of the swing move lower this week.

EUR/USD  USD/JPY  GBP/USD  AUD/USD  USD/CAD See here for global coronavirus case data

<p>Gold’s break of 1723.36 resistance overnight suggests that triangle consolidation from 1747.75 might have finally finished. Focus is immediately back on this high. Break will resume larger up trend. 61.8% projection of 1160.17 to 1703.28 from 1451.16 at 1786.80 will be an important hurdle to overcome. Sustained break there could prom

<p>China&#8217;s industrial production grew 3.9% yoy in April, above expectation of 1.5% yoy. That&#8217;s the first expansion reading this year as activity was returning to normal from coronavirus pandemic. However, consumption remained weak as retail sales contracted -7.5% yoy in April, matched expectations. That&#8217;s already

<p>New Zealand BusinessNZ Performance of Manufacturing Index dropped -11.9 to 26.1 in April. That’s the lowest level on record since the survey began, with prior low at 36.1 record in November 2008 during the global financial crisis. Production (down from 31.4 to 19.8) and new orders (down from 36.6 to 17.8) were particularly hit hard.

<p>Gold and oil price strengthen notably in otherwise rather mixed markets. US stocks reversed initial losses overnight and closed higher. Asian markets also follow and are trading up slightly. In the currency markets, Canadian Dollar is currently the strongest one for today, thanks to oil price. Sterling and Yen are the weakest ones. For the

<p>Industrial production (IP) expanded +3.9% y/y in April, beating consensus of +1.5% growth and a -1.1% contraction in the prior month. The strong recovery was mainly driven by the low base effect. Production of automobile, and machinery and equipment contributed the most to the April recovery. These sectors were hurt severely in the first q

<p>WTI oil price rose above $28 on Friday, approaching key barriers at $29.05/10 (daily cloud base/Fibo 38.2% of $65.63/$6.52). Improved sentiment on gradual easing of lockdown measures, re-start of China’s economy and signs of further production cut, inflate oil prices. Oil is on track for the third consecutive strong weekly gains (up