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<p>While maintaining all monetary policy measures unchanged in April, FOMC sent a more negative message about the economy. The members noted the sharp deterioration in economic activities and a jump in unemployment, cautioning that the negative impacts could prolong in the medium term. The Fed pledged to maintain the ultra expansionary policy

<p>WTI crude oil price consolidated after the collapse in the previous week. Crude oil inventory continued to increase despite slowdown in pace. The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks rose +10.41 mmb to 1377.51 mmb in the week ended April 24. Crude [&he

<p>Bitcoin has broken through the $8,000 resistance level as traders buy the number one cryptocurrency in anticipation of the upcoming halving event. Traders that a bullish towards the pair BTCUSD will likely buy into any dips below the key $8,000 level. It should be noted that the $10,000 resistance level remains the wider upside target [&he

<p>The euro currency is consolidating against the US dollar in preparation for the upcoming ECB interest rate decisions later today. EURUSD bulls may start to target the 1.1060 resistance level if the 1.0990 resistance level is overcome later today. To the downside, a sustained loss of the 1.0770 level could trigger heavy EURUSD technical sel

<p>Litecoin has started to turn bullish as the seventh-largest cryptocurrency test towards its trend-defining 200-day moving average. Technical analysis indicates that gains above the $48.00 level could see the LTCUSD pair rallying towards the $60.00 level. Over the medium-term, a breakout above the $60.00 level could result in a broader tech

<p>In the aftermath of COVID-19 selloff, Alphabet (GOOGL) formed a low on March 23, 2020 at 1008.87. From there, the stock is rallying as a 5 waves impulsive Elliott Wave structure. Up from 3.23.2020 low, wave (1) ended at 1173.4 and wave (2) pullback ended at 1075.08. The stock then resumed higher in wave (3) […]

<p>On the economy, the Fed expects a rebound in the second half of the year, as the economy reopens. Basically, this is in line with our expectation of a U-shaped recovery. The Fed emphasises that they are not very confident in this outlook and sees the virus outbreak as a big risk to the economy, […]

<p>For the 24 hours to 23:00 GMT, the EUR rose 0.44% against the USD and closed at 1.0874. On the macro front, Euro-zone’s consumer confidence index eased to -22.7 in April, compared to a level of -11.6 in the previous month. The preliminary figures had indicated a drop to -22.7. Additionally, the industrial confidence index […]

<p>For the 24 hours to 23:00 GMT, the GBP declined 4.30% against the USD and closed at 1.2468. In the Asian session, at GMT0300, the pair is trading at 1.2447, with the GBP trading 0.17% lower against the USD from yesterday’s close. The pair is expected to find support at 1.2395, and a fall through […]

<p>For the 24 hours to 23:00 GMT, the USD declined 3.23% against the JPY and closed at 106.59. In the Asian session, at GMT0300, the pair is trading at 106.69, with the USD trading 0.09% higher against the JPY from yesterday’s close. Overnight data showed that Japan’s retail trade fell 4.6% on an annual basis […]