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<p>US stocks bounce back on medical headlines, rising oil prices, tech strength But FX market signals caution – yen and dollar hold strong, gold too Are investors piling into tech because of re-opening fears and US-China tensions? Euro suffers after German court decision on ECB QE Stock markets storm higher Wall Street continues to defy [&hel

<p>INDICES Yesterday, European stocks got heavier, with the Stoxx Europe 600 Index slumping 2.7%. Germany’s DAX 30 tumbled 3.6%, France’s CAC 40 plunged 4.2%, and the U.K.’s FTSE 100 edged down a little 0.2%. EUROPE ADVANCE/DECLINE 87% of STOXX 600 constituents traded lower or unchanged yesterday. 55% of the shares trade abo

<p>As expected, the Reserve Bank of Australia has just kept its key interest rate unchanged at 0.25%. Also, the central bank reiterated its commitment to maintain the 3-year government bond yield at 0.25%. Like its counterparts in advanced economies which have been severely dragged by the coronavirus pandemic, the RBA has pledged accommodativ

<p>Canadian dollar fluctuates along oil prices as Canada is an oil producer. But economic data are also pushing CAD up and down. Later today, Canada’s trade balance for March will be reported, a 2.5 billion CAD deficit is estimated. Yesterday, Manufacturing PMI slumped to 33.0 in April from 46.1 in March. From a technical point [&hellip

<p>Rates: US non-manufacturing ISM and German court ruling are key today The April US non-manufacturing ISM will show the full impact of lockdown measures, but quite some (short term) negative eco news is probably discounted. Risk sentiment remains key for trading. A German court ruling on the legality of the ECB&#8217;s bond buying progr

<p>Markets have been very rangy and slowly. The big problem for both intraday and intraweek traders is the irrational market movement which has moved throughout the whole week. At this point most markets completed they fake-outs and there could be some bounces off the zonal pivots. Gold is showing a lot of buyers around 1690 […]

<p>Pivot (invalidation): 20.40 Our preference Long positions above 20.40 with targets at 23.20 & 24.00 in extension. Alternative scenario Below 20.40 look for further downside with 19.50 & 18.80 as targets. Comment The RSI shows upside momentum.</p> <p>The post <a rel="nofollow" href="https://www.action

<p>Pivot (invalidation): 14.6800 Our preference Long positions above 14.6800 with targets at 14.9000 & 15.0600 in extension. Alternative scenario Below 14.6800 look for further downside with 14.5900 & 14.5000 as targets. Comment The RSI lacks downward momentum.</p> <p>The post <a rel="nofollow" href="ht

<p>Pivot (invalidation): 10330.00 Our preference Long positions above 10330.00 with targets at 10600.00 & 10730.00 in extension. Alternative scenario Below 10330.00 look for further downside with 10198.00 & 10060.00 as targets. Comment The RSI has broken up its 30 level.</p> <p>The post <a rel="nofollow" hre

<p>Pivot (invalidation): 7.0300 Our preference Long positions above 7.0300 with targets at 7.0580 & 7.0700 in extension. Alternative scenario Below 7.0300 look for further downside with 7.0130 & 7.0000 as targets. Comment The break above 7.0300 is a positive signal that has opened a path to 7.0580.</p> <p>The post <a