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<p>Following a strong rally in stock markets since late March, sentiment became a bit more hesitant this week. US-China tensions came back to the fore after US President Donald Trump said he was confident the new coronavirus came from a Chinese lab in Wuhan and his Secretary of State said there was &#8216;enormous evidence&#8217; of [

<p>EURJPY has rebounded from the three-and-a-half-year low of 114.40 over the last session, heading higher towards the 20-period simple moving average (SMA) in the 4-hour chart. According to the technical indicators, the RSI is turning higher from the oversold zone, suggesting the end of the bearish action, while the stochastic is heading tow

<p>Turkish lira fell to new all-time low against dollar on Thursday, following strong sell-off as traders got disappointed by comments from Fed policy maker, which were interpreted as ruling out a Fed swap line to cushion the negative impact from reduced country’s reserves. Lira was the top loser among emerging currencies on Thursday as

<p>The Euro remains in red on Thursday and probes below Wednesday’s low (1.0781), posted after thee-day 1.6% fall. Bears gained pace after bull-trap was formed last week, with decision of German top court and strong dollar, keeping the pair under pressure. Bearish daily studies and Wednesday’s close below Fibo 76.4% of 1.0727/1.1017, adding t

<p>The S&P 500 Futures are posting a rebound after they closed mixed yesterday, as data showed the biggest reduction in private jobs on record. Later today, the U.S. Labor Department will report Initial Jobless Claims for the week ended May 2 (3.000 million expected). European indices are on the upside. The German Federal Statistical Off

<p>Stock markets are back in positive territory on Thursday, growing in confidence throughout the European morning as investors continue to celebrate the reopening of economies around the world. As governments prepare to gradually ease lockdown measures, assets that have been savaged by the crisis are starting to look attractive once again. T

<p>Notes/Observations Focus on rate decision in Europe BOE keeps policy steady and avoid adding to its asset purchases for the time being Norway Central Bank (Norges) surprises with another rate cut (3rd since March) to bring the Deposit Rate to 0.00% Asia: China Apr Caixin PMI Services: 44.4 v 50.1e (3rd straight contraction) (CN) China [&he

<p>The New Zealand Dollar has declined by 202 pips or 3.07% against the Japanese Yen since May 1. The currency pair breached the 50-, 100– and 200– period SMAs during this period. The exchange rate is currently trading near a support cluster formed by the weekly S1 and the monthly S1 at the 63.85 area. […]

<p>The New Zealand Dollar has surged by 144 pips or 1.72% against the Canadian Dollar since April 23. The currency pair was guided by the 100– period simple moving average. Currently, the exchange rate is testing a support line formed by the 100– period SMA at 0.8481. If the support line holds, the NZD/USD pair […]

<p>The US 100 stock index (cash) is recording its fourth consecutive green day thanks to the 20-day simple moving average (SMA), which managed to terminate the latest selling action. Clearing April’s high of 9,155 and further extending the uptrend is now the target as the upward-sloping RSI is currently suggesting. If that is the case, [&hell