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<p>BoJ Governor Haruhiko Kuroda told the parliament that there could be surge in credit costs if the coronavirus pandemic lasts longer than expected. But for now, the risk is low. “If it takes longer than expected to contain the virus at home and abroad, that could hurt the economy and push up credit costs for […]

<p>Dollar’s broad based decline resumes today with the help from downside break out in USD/JPY. Risk sentiments are firm on reopening optimism, with generally rally in European indices. Swiss Franc is pressured as the third weakest, following Dollar and New Zealand Dollar. Yet, Yen is not too bothered and is trading as the third stronge

<p>We expect ECB to keep its powder dry at this week’s meeting, after launching several stimulus measures last month. The central bank should maintain a dovish tone, indicating disappointing economic data and pledging the take further actions if needed. As EU has so far failed to agree on substantial fiscal actions, we expect ECB will [&helli

<p>With Europe’s biggest economies shutting down in March as the coronavirus wreaked havoc across the continent, no one is expecting the Eurozone’s first quarter GDP estimate due on Thursday (09:00 GMT) to be anything but abysmal. But just as in previous crises, it is the European Central Bank that has been first to come to […]

<p>The pair accelerated lower on Tuesday, being down around 0.6% since opening in Asia, as dollar weakened across the board on renewed risk sentiment over relaxing coronavirus restrictions. Fresh bears broke below double-bottom at 106.92 and also surged through thickening daily cloud (106.70/107.01), to post new nearly six-week low at 106.56.

<p>The pair is trading near magnetic 7.00 barrier which so far resists attacks but maintains firm tone and shows signs that eventual break would occur soon. Shallow pullback after initial test of 7.00 level last week, signaled that bulls ignore the action of state-controlled banks in attempts to slow lira’s fall by heavy selling of [&he

<p>Stock markets in positive territory for a second day on Tuesday, with investors growing in confidence as we head into peak earnings season. Companies seem to be getting the economic data treatment, in that expectations are now so low that they’re basically being given a free pass. This week has the potential to be a […]

<p>The S&P 500 Futures remain on the upside after they advanced further yesterday. Investors were encouraged to see that some states started to ease stay-at-home restrictions and reopen businesses in phases amid slowing new coronavirus infections. Later today, official data on Wholesale Inventories for March (preliminary reading, +1.0% o

<p>The British pound is appearing increasingly bullish against the US dollar as traders anchor price above the 1.2400 resistance level. A technical breakout above the 1.2500 resistance level could provoke a powerful rally towards the 1.2600 technical area. At this stage, sellers need to hold price below the 1.2350 level to take back control o

<p>The US dollar is approaching critical support against the Japanese yen currency as the greenback start to fade across the board. USDJPY sellers could target the 105.50 support level if a breakout below the 107.00 level takes place. Short-term USDJPY bears are currently in full control while price trades under the 107.30 level. The USDJPY [