Blogs

Mexican Peso is down more than 8.6% from the April extremes and takes price into a key resistance zone. Here are the levels that matter on the USD/MXN technical charts.

Crude oil prices are retreating to start the trading week with June 2020 futures down nearly 30% as demand woes persist and storage capacity bulges ahead of 1Q-2020 global GDP data reports.

Both EUR/JPY and EUR/USD rates are under immense pressure, having made a number of key technical breaks to the downside in recent sessions.

Encouraging talk that UK PM Boris Johnson is considering partially unwinding coronavirus lockdown measures has booster the British Pound and the FTSE 100. A busy schedule of economic releases and c…

Boris Johnson is back at No.10 today and there is talk that the PM may well decide to modify parts of the UK lockdown ahead of the May 7 deadline. Sterling and the FTSE both getting a positive boost.

The US Dollar faces strong selling pressure as the markets hope for more stimulus at this week’s FOMC meeting. They may be in for a disappointment.

Crude oil prices continue to struggle with a vast glut of supply at a time when demand is crumbling. News that US facilities hold nearly as much as they ever have has set prices back.

The price of gold may consolidate ahead of the Federal Reserve interest rate decision on April 29 amid the string of failed attempt to test the November 2012 high ($1754).

The US Dollar and ASEAN FX remain glued to market sentiment. The Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso eye earnings, the Fed and US GDP.

The Japanese Yen rose while the Nikkei 225 stock index declined as the Bank of Japan expanded its stimulus efforts and slashed economic projections amid the Covid-19 outbreak.