Blogs

<p>The S&P 500 Futures are rebounding after they closed lower yesterday. Later today, the U.S. government will report first-quarter GDP growth (an annualized rate of -4.0% on quarter expected). The Federal Reserve is expected to keep its benchmark interest rate unchanged at 0.00%-0.25%. March pending home sales are also due to be release

<p>Notes/Observations Sentiment aided by need for reduced safe havens as higher as oil prices recover and as participants awaited the FOMC policy announcement with optimism Continued optimism of various economies making preparations to ease lockdown measures German Apr headline inflation decelerated marginally from month ago levels mainly the

<p>Bitcoin is fast approaching the $8,000 level as the number one cryptocurrency continues to receive strong buying interest ahead of the upcoming halving event. A breakout above the $8,000 level could see the BTCUSD pair rallying towards the $8,800 resistance level. Failure to move above the $8,000 level could see the BTCUSD pair slipping ba

<p>The euro currency is pressing the attack against the US dollar again today, with bulls attempting to test back towards the current weekly trading high. Traders may be cautious about buying the EURUSD pair ahead of the upcoming FOMC and ECB rate decisions this week. Any pullbacks in price are likely to find strong dip-buying […]

<p>On Tuesday, the XAU/USD exchange rate tried to surpass the resistance formed by the 55– and 100-hour SMAs near 1,715.00. During today’s morning, the rate was testing the support formed by the 200-hour SMA and the monthly R1 at 1,705.00. If the given support holds, it is likely that gold could surpass the given resistance […]

<p>Yesterday, the USD/JPY currency pair remained below the 107.00 mark. During Wednesday morning, the pair was testing the support level—the weekly S3 at 106.44. If the given support holds, it is likely that a reversal north could occur. In this case the exchange rate would have to surpass the resistance level formed by the Fibo […]

<p>Yesterday, the GBP/USD exchange rate reversed south from the weekly R1 at 1.2500. During Wednesday morning, the rate broke the Fibo 50.00% at 1.2418. Given that the currency pair is pressured by the 55-hour SMA near 1.2440, it is likely that some downside potential could prevail. In this case the pair could decline to the […]

<p>On Tuesday, the EUR/USD currency pair failed to surpass the Fibo 23.30% at 1.0886. During today’s morning, the pair was trading near 1.0850. It is likely that the exchange rate could gain support from the 55– and 200-hour SMAs near 1.0840 and trade upwards in the short run. However, note that the rate would have […]

<p>Stock markets are back in the green in Europe and Wall Street is poised for decent gains on the open despite the late drop into negative territory on Tuesday. Investors are showing no fear despite this being a blockbuster week in terms of earnings and central bank meetings. It’s easy to be brave when big […]

<p>AUDJPY continues to heal its wounds, posting higher highs and higher lows on the daily chart ever since it crashed to the 11-year low of 59.85 in mid-March. Attesting to the improving sentiment, the pair has crossed back above its 50-day simple moving average (SMA). Put together, these suggest the outlook has improved to neutral, […