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<p>EURJPY is currently stuck around the 117.24 level, that being the 50.0% Fibonacci retracement of the down leg from 119.03 to the 3-year low of 115.44. The pause trails a pivot at the 200-period simple moving average (SMA) after the recent aggressive thrust upwards from the 115.44 low, overran the 50-and 100-period SMAs. Looking at [&hellip

<p>Notes/Observations Numerous market closures in Asia and Europe kept participation at a minimum Some risk aversion percolating after Trump mentioned possible tariff to punish China&#8217;s handling of the coronavirus outbreak; US Treasury 10-year yield lower by 5bps Asia: Australia Apr Final PMI Manufacturing: 44.1 v 45.6 prelim (confir

<p>The pair returns to red on Friday after short-lived recovery on Thursday was capped by daily cloud top/weekly cloud base (107.56/60 respectively) and closed below cracked daily Tenkan-sen (107.20). Fresh weakness attacks again cloud base (106.70) after the action in past two days probed below the cloud but failed to register clear break, b

<p>Cable holds in red and some hundred pips below Thursday’s two-week high (1.2642), hit after 1% daily rally, sparked by month-end dollar’s sales. The rally was capped by key barriers at 1.2647 (14 Apr former high / 200DMA) and sterling dipped after facing reality. Global optimism was revived by a number of countries starting to

<p>Markets go into risk averse mood as Trump threatens China with new tariffs Dire data, ECB inaction and mixed earnings further dent risk sentiment Liquidity thin due to May Day holiday; ISM manufacturing PMI coming up Trump’s tough on China rhetoric is back, spooks markets US President Donald Trump raised the prospect of fresh tariffs [&hel

<p>GBPUSD looks to correct further higher as it closed higher on Thursday. Support stands at 1.2550 area with a break below that level turning focus to the 1.2500 level. Further down, support lies at the 1.2450 level where a violation will turn focus to the 1.2400 level. Below here will open the door towards the […]

<p>INDICES Yesterday, European stocks turned to the downside, with the Stoxx Europe 600 Index falling 2.0%. Germany’s DAX 30 lost 2.2%, France’s CAC 40 slipped 2.1%, and the U.K.’s FTSE 100 slumped 3.5%. EUROPE ADVANCE/DECLINE 80% of STOXX 600 constituents traded lower or unchanged yesterday. 86% of the shares trade above th

<p>Australia is still facing challenging times as April Commonwealth Bank Manufacturing PMI was released at 44.1 this morning, vs 45.6 expected and 49.7 in March. On its side, the Ai Group Manufacturing PMI Index faced an even worse fall as it was reported at 35.8, vs 46.0 expected and 53.7 the previous month. AUD/USD is […]

<p>American markets closed the trading session on Thursday with a broad decline. Futures on the S&P 500 lost more than 2.5% on Thursday and lost another 0.7% before the European session. Japanese indices are also in decline, sliding back from 8-week highs on Nikkei225. Chinese markets, like some European markets, are closed today. The st

<p>The Euro maintains positive tone and consolidating under new two-week high at 1.0972 in early Friday’s trading. The pair rallied strongly in the US session on Thursday, boosted by dollar’s month-end sell-off, advancing nearly 0.5% for the day, the biggest one-day gains since 7 Apr. Decision of the ECB to keep the interest rates