Blogs

<p>On Wednesday, the EUR/USD currency pair declined to the monthly S1 at 1.0776. During today’s morning, the pair was testing the given support. Note that the exchange rate is pressured by the 55-hour SMA near 1.0830. Thus, some downside potential could prevail in the market. In this case the rate could target the weekly S2 […]

<p>On Wednesday, the USD/JPY currency pair broke the lower boundary of the falling wedge pattern. During today’s morning, the pair resumed to trade within the given pattern. From a theoretical perspective, it is likely that the exchange rate could reach the upper pattern boundary near 106.80 and then a reversal south could follow. Howev

<p>Yesterday, the XAU/USD exchange rate declined to the 1,685.00 level. During Thursday morning, the rate was testing the resistance formed by the 55– and 100-hour SMAs near 1,697.00. If the given moving averages hold, it is likely that a reversal south could occur, and the price for gold could decline below the 1,685.00 level within [&hellip

<p>European shares and US index futures rose Thursday morning with sentiment boosted by a surprise rise in China’s exports, which offset concerns over company earnings and weakness in macro data elsewhere (see data recap below). Market participants are hoping to see a similar bounce in data for other major economies once lockdown measures are

<p>Stock markets are growing on Thursday morning on strong foreign trade data published by China and Australia. Rising surpluses in these export-oriented countries are often a positive signal of global growth. But things can be different now. In Australia, the growth of the foreign trade surplus is due to a simultaneous decline in imports and

AUD/JPY, fulled by a positive Aussie and Chinese data, is trading at 69.01 and 1.69% higher on the day having travelled from a low of 67.03 to a high

United States Consumer Credit Change came in at $-12.04B, below expectations ($15B) in March

The sterling is set to break a four-day downtrend against the US dollar with a 0.7% recovery, following the Bank of England’s monetary policy statemen

Crude oil prices gained traction during the Asian session on Thursday and continued to push higher. The barrel of West Texas Intermediate (WTI), which

During the first quarter, nonfarm productivity fell 2.5% in the US, according to data presented Thursday. Analysts at Wells Fargo warn that the corona