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<p>Stock markets are a mixed bag across Europe, while the US is seeing a decent lift ahead of the open on Wall Street. As ever, the useful combination of countries across Europe and parts of the US starting to ease lockdown conditions, the blind-eye approach to the data and earnings, and unprecedented monetary stimulus is […]

<p>WTI oil dips over $3 on Wednesday as sentiment soured after ADP report on Tuesday showed higher than estimated rise in crude stocks. Traders now focus on EIA report (7.75 million barrels rise is forecasted vs previous week’s build of 8.99 million barrels) as fears grow that inventories may rise above expectations that would further [

<p>EURAUD has been extending its losses over the last couple of days, following the pullback on the 1.7180 resistance level, which lies near the short-term descending trend line. Currently, the price is trading not far below the 20- and 40-period simple moving averages (SMAs) and holds within the Ichimoku cloud in the 4-hour chart. The [&hell

<p>The S&P 500 Futures remain on the upside as market sentiment kept improving along with countries and U.S. states easing their coronavirus-induced restrictions. U.S. President Donald Trump said the White House coronavirus task force will wind down as the country moves into a second phase that focuses on the aftermath of the outbreak. T

<p>Notes/Observations Markets fret over prospects of a global recovery as severity of the coronavirus impact looks greater European Apr PMI Services data registers record lows for Spain, Italy, France, Germany, Euro Zone and UK (as expected) Asia: Australia Mar Final Retail sales revised better aided by pre-lockdown buying (MoM: 8.5% v 8.0% p

<p>EURGBP is currently capped by the merged 50- and 100-period simple moving averages (SMAs) in the 4-hour chart still bound within a directionless market that commenced on April 6. Further backing this view is the mostly flat joined 50- and 100-period SMAs. Turning to the short-term oscillators, they paint an unclear picture. The stochastics

<p>The USD edged higher yesterday even though US financial indicators like the Markit Composite and Services PMI’s dropped significantly to 27 and 26.7, correspondingly. The International Trade moved even deeper in the negatives (-44.4B), also displaying weakness. On the other hand, the ISM non-Manufacturing PMI gave some confidence as its fi

<p>GBPJPY continues to fall below the Ichimoku cloud and the simple moving averages (SMAs) in the 4-hour chart over the last couple of days, penetrating the consolidation area, which had been holding since March 26. According to the MACD, negative momentum could push for further losses in the short-term as the indicator picks up steam [&helli

<p>The common European currency has been trading between the range of 0.8836/0.8686 against the British Pound since the beginning of April. Everything being equal, the EUR/GBP currency pair will most likely aim for the 200– period simple moving average at 0.8836 during the following trading sessions. Furthermore, technical indicators suggest

<p>The US Dollar has surged by 129 pips or 1.34% against the Swiss Franc since May 1. The currency pair breached the 50-, 100– and 200– period SMAs during yesterday’s trading session. The exchange rate will most likely continue to edge higher within this week’s trading sessions. A breakout through the upper boundary of a […