<p>Saudi Arabia underpinned oil mood on Monday announcing additional output cut by 1 million bpd. starting in June. The Kingdom’s output is expected to decline to 7.5 million bpd., the lowest level for almost 20 years. The underlying motive is probably to speed up market rebalancing and hence price recovery. It is worth mentioning that [&hell
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Further SNB Easing Expected As CHF Soars
<h2>Jordan Says CHF Facing “Enormous” Pressure</h2> <p>The Swiss National Bank looks set to ease further this month. Speaking this week, the SNB chief Thomas Jordan told newspaper that the SNB is under “enormous” pressure due to the safe haven inflows inflation the currency’s strength. The SNB spent most of last year w
Daily Commodity Outlook, May 12 2020
<p><span>Asian stocks drifted lower Tuesday alongside U.S. futures as investors weighed the challenges economies face removing restrictions to contain the coronavirus pandemic. New York Governor Andrew Cuomo said businesses including construction, curbside retail, drive-in movies and some recreational activities will reopen this week on
The IndeX Files 12-05-2020
<h2>Recovery To Take Longer Than Thought?</h2> <p>Global equities benchmarks have been broadly supported, with indices across the US, Europe and Asia, trading in the green this week. However, upside momentum has been weakened and moved so far have bee shallow. The fundamental backdrop continues to be driven by the shift in focus t
Daily Market Outlook, May 12, 2020
<h2><span>Daily Market Outlook, May 12, 2020 </span></h2> <p><span><strong>Market risk sentiment and prices are chopping around within ranges, near-term price action reacting to headlines within that process</strong>. Tensions between the US and China and evidence of a ‘second wave’ of Covid-19 cases
Tickmill’s Investing Diva, NZDUSD Daily Outlook 12-05-20
<p>NZDUSD Daily Outlook – On Monday Saudi Arabia said it will cut oil production by an additional 1 million barrels per day, we found out that the Italian industrial production fell by 28.4% in March, New Zealand business confidence rose in a preliminary May read, and Japan looked to lift emergency declaration in most regions.</p>
German Constitutional Court opposes EU court – Euro to see a new wave lower?
<p><a href="https://admiralmarkets.com/analytics/traders-blog/german-constitutional-court-eu"><img data-resize="auto" data-resize="auto" data-resize="auto" data-src="https://fxmedia.s3.amazonaws.com/articles/remote/341ebf6f6f6758f2e451d984263016f2.jpeg"></a></p><p>
DAX attacks 11,000 on COVID-19 treatment hopes – sustainable?
<p><a href="https://admiralmarkets.com/analytics/traders-blog/us-gdp-contraction-treatment-hopes"><img data-resize="auto" data-resize="auto" data-resize="auto" data-resize="auto" data-resize="auto" data-resize="auto" data-resize="auto" data-src="http
Could the bitcoin halving send the crypto surging higher?
<p> While stock markets and commodity markets like oil have experienced record falls this year, all eyes are now on a potential surge higher in cryptos. An event that is written into the rules of bitcoin's underlying code is set to take place sometime in May and has traders and investors very excited. Read on […]
EURUSD: deep technical analysis and medium-term forecast
EURUSD: channel and trend analysis, volume analysis, candlesticks analysis, TD candlestick projections, Pivot points, support and resistance levels, main targets. I often make long-term forecasts for currency pairs but it’s been a long time since I analysed the euro. I’m going to correct it in this analysis. Fundamental analysis has already been do