The markets continue to find buyers in general as we have reached towards the $1700 level only to find quite a bit of buying pressure to form a massive hammer.
Blogs
USD/ZAR: Will Breakdown Sequence Extend After Readjustment? – 30 April 2020
Yesterday’s first-quarter GDP data out of the US showed a steeper contraction together with a rise in inflation, representing the most unfavorable combination for the US Federal Reserve to address.
GBP/CAD: Rise in Bullish Momentum to Reignite Advance – 30 April 2020
UK Prime Minister Boris Johnson urges patience when it comes to easing lockdown restrictions.
GBP/USD Forex Signal: Still Bullish – 30 April 2020
GBP/USD: Bulls so far unable to break big round number at 1.2500
EUR/CHF:Will Short-Term Resistance Zone Force Reversal? – 30 April 2020
Eurozone sentiment data was reported below already depressed expectations, presenting the latest sign the economy is in significantly worse shape than forecast.
AUD/NZD: Breakdown Confirmation Set to Spark Profit-Taking – 30 April 2020
Australia’s and New Zealand’s Covid-19 response is being hailed by many in the international community.
Gold Runs Out of Steam as Expectations for Recovery Improve – 30 April 2020
Gold futures declined for a fourth straight session on Wednesday, falling 1.28 percent so far this week, and 1.84 percent since the end of Friday's session.
Is Forex Trading Profitable?
You’ve probably heard that the vast majority of retail Forex traders lose money. In this article, I examine the statistics reported by Forex brokers on client profitability under ESMA regulations, as well as the results of research on the subject, to answer the question as to which traders lose or make money over long-term Forex […]
US officials pondering ways to punish China for coronavirus
Washington Post report A in the Washington Post is one of the things that's weighing on risk assets at the moment. report Senior U.S. officials are beginning to explore proposals for punishing or demanding financial compensation from China for its handling of the coronavirus pandemic, according to four senior administration officials