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<p>The Australian dollar extends recovery into second day, signaling formation of higher low at 0.6372, supported by unchanged RBA and risk sentiment on rising stocks and oil prices. Fresh gains through 0.6438/48 (10DMA/Fibo 38.2% of 0.6569/0.6372 pullback) eye barrier at 0.6471 (50% retracement) with minimum requirement to generate bullish s

<p>The U.S. trade deficit widened to $44.4 billion in March, up from $39.8 billion in February, in line with market expectations. Both exports and imports of goods saw heavy contractions in March. Exports declined by 6.5% month-on-month, while imports fell by 2.1%. The drop in exports was broad-based across all product categories. Automotive

<p>Canada posted a $1.4 billion merchandise trade deficit in March, up from a revised $893 million deficit in February (previously reported as a $984 million deficit). The widening in the deficit was driven by a 4.7% drop in merchandise exports (m/m). Imports also fell 3.5%. The declines on both sides of the ledger were driven […]

<p>Both goods exports (-4.7%) and imports (-3.5%) fell sharply already in March Services trade was softer April numbers to be worse though early signs of recovery emerging Canadian trade flows plunged lower in March as social/physical distancing measures kicked in aggressively in the second half of the month. The declines in goods trade was n

<p>EURCHF has pushed back below the converged simple moving averages (SMAs), erasing most of the recent gains from the multi-year low of 1.0504, which failed to exceed the 1.0610 obstacle. The pair, currently capped by the 100-period SMA at 1.0538, is trailing the lower Bollinger band as it inches towards the strengthened bottom in the [&hell

<p>The S&P 500 Futures continue to rebound after they stabilized yesterday after two losing sessions. Investors were encouraged to see that, as countries relaxed coronavirus-induced restrictions, oil prices rallied on expectations of rebounding demand. Later today, March U.S. Trade Balance (deficit of 44.2 billion dollars expected), Apri

<p>Stock markets are making decent gains across Europe and Wall Street is preparing for a healthy open as well, with futures up around 1% as the bell nears. The rebound started late in the US session on Monday and was led by energy stocks as crude prices continue to rebound strongly. Production cuts combined with […]

<p>Cable was dragged by weaker Euro after German court announcement and hit session low at 1.2420, but better than expected UK PMI data (Services Apr 13.4 vs 12.2 f/c/Composite Apr 13.8 vs 12.9 f/c) offset negative impact and inflated pound again. The pair bounced from daily Kijun-sen (1.2405) which contained yesterday’s extension of tw

<p>The common European currency surged by 554 pips or 3.14% against the New Zealand Dollar during last week’s trading sessions. The currency pair tested the upper boundary of a descending channel pattern at 1.8200 on Friday. Everything being equal, the exchange rate could maintain the descending channel pattern. Bearish traders could ai

<p>The Australian Dollar has continued to edge higher in an ascending channel pattern against the New Zealand Dollar. The currency pair surged by 7.17% during the previous month. The AUD/NZD exchange rate is currently trading near the bottom border of the ascending channel pattern. Most likely, a breakout could occur within the following trad