Blogs

Euro/Yen remains vulnerable near 2020 lows while below its main SMAs on the four-hour chart. A sustained break below the 114.50 support can yield further selli

When asked about Germany's Constitutional Court ruling on the European Central Bank's bond-buying programme, "we are undeterred," Christine Lagarde, P

United States EIA Natural Gas Storage Change registered at 109B above expectations (106B) in May 1

"It remains an open question whether the current stock market level will persist," Atlanta Fed President Raphael Bostic said on Thursday. Additional t

The USD buying interest picked up additional pace during the early North-American session and lifted the USD/CHF pair to over one-week tops, around th

<h3>USDJPY,H1</h3> <p>US initial jobless claims fell -677k to <strong>3,169k</strong> in the week ended May 2 following the -596k decline to 3,846k (was 3,839k) in the last week of April. It’s a fifth week of pull-back from the 6,867k record high in the week of March 27. The 4-week moving average dipped to 4,173.

<h3>GBPUSD, H1</h3> <p>BoE left the bank rate unchanged, and the asset purchase target was also left untouched at GBP 645 bln. After the bank slashed rates to now 0.1%, that was widely expected. There was dissent in the vote on bond buying, with 2 members – Haskel and Saunders – voting to increase purchases by [&hellip

<p><span><strong>Energy</strong></span></p> <p><strong>Oil Action: USOIL</strong> has steadied on either side of the $23.00 level, though remains down nearly 6% on the day, after printing 3-week highs over $26 overnight. The weekly EIA inventory report yesterday revealed a much smaller than expe