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<p>Dollar stays generally soft today so far but weakness is relatively limited. Some selling pressure was seen as poor PPI inflation data. But Fed chair Jerome Powell’s comments on negative interest rates is giving the greenback a slight pop. For now, New Zealand Dollar remains the worst performing one for today after RBNZ’s QE ex

<p>New Zealand Dollar drops broadly today following RBNZ’s decision to nearly double the QE program, and indicates its openness to negative rates. Australian Dollar is following as a distant second weakest. The sharp decline in US stocks overnight doesn’t carry forward to Asian markets. Other major currencies are relatively mixed,

<p>This morning, Bank of Japan Governor Kuroda declared he will not hesitate to take additional easing measures if necessary. He added he will keep current low rates, or even cut them, as he keeps eye on pandemic crisis. From a technical point of view, on an intraday chart, USD/JPY is capped by a declining trend […]

<p>The Federal Chairman Jerome Powell sent markets lower overnight with a three-punch combination that would have done Batman proud. Chairman Powell firstly poured water on the prospect of negative interest rates from the Fed, saying that the evidence the policy is effective is marginal. Secondly, he stated that the post-virus growth and reco

<p>The US dollar has moved into negative territory for the week against the Japanese yen currency as US stock markets continue to drift lower. Sellers could target the 106.00 support level the pair sustains its bearish breakout below the 106.90 support level. Technical analysis on the lower time frames shows that the USDJPY pair is […]

<p>Litecoin is still at risk of further downside losses this week, following the recent bearish reversal from the $48.00 resistance area. Technical analysis shows that sustained weakness under the $42.00 level should be considered bearish for the LTCUSD pair. A head and shoulders pattern on the lower time frames is also showing that a breakou

<p>Ethereum is still searching for direction on Thursday as crypto traders await the next big directional move in the second-largest cryptocurrency. A rally above the $200.00 level exposes further upside in the ETHUSD pair towards the $215.00 resistance level. To the downside, weakness below the $188.00 level could trigger a sharp decline bac

<p>The Australian dollar declined slightly after the Bureau of Statistics released the April jobs numbers. The data showed that more than 594,000 Australians lost their jobs between March and April. Unemployment rose by 104,500 to 823,000 while the unemployment rate rose to 6.2%. Analysts polled by Bloomberg were expecting the rate to jump to

<p>The SP500 climbed by 36% over the period of harsh quarantine, from the March bottom to the highs of April. Due to this rebound, the index offset 65% of the decline from the peaks of February. However, the stock’s recovery stalled. It may well turn out that it is worth comparing the March collapse of […]

<p>Market movers today On a day with few noteworthy releases, the key number to watch is the US initial jobless claims, which will give a verdict on the current state of developments in the US labour market, which has been hard hit by the sharp rise in unemployment since the start of the COVID-19 crisis. […]