Blogs

<p>It’s been a hectic couple of months for central banks around the world as most have held at least one unscheduled meeting as the virus crisis unfolded. Hence, next week’s regular gatherings by the Federal Reserve, European Central Bank and the Bank of Japan may not bring anything new, as aside from the interim meetings, […]

<p>As economies are slowly moving from ‘hibernation’ to the opening-up phase, risk sentiment remained volatile this week. Lacklustre Q1 earnings news and fears about second waves of infections alternated with hopes about positive news of drug trials and policy initiatives to support the economic rebound after the crisis (such as t

<p>JP 225 stock index (Cash) appears mostly flat in the very near-term as it edges sideways into the Ichimoku cloud, capped by the 50-day simple moving average (SMA) residing at the 19,779 border, that being the 50.0% Fibonacci retracement of the down leg from 24,162 to 15,384. Extra neutral signals are reflected in the flattened […]

<p>Notes/Observations Risk-off sentiment in Europe was initial buoyed by concerns of stemming the coronavirus outbreak. Dealers cited a Thursday draft of the clinical trial results for COVID-19 hopeful drug remdesivir did not speed up improvement in patients in China or prevent them from dying German IFO Survey continued its plunge as coronav

<p>Stock are paring gains on Friday, with the mood soured by reports that Gilead’s remdesivir flopped in its first randomized clinical trial. This time last week, investors were full of hope after some very promising results were reported, prompting a 12% jump in Gilead’s share price. What a difference a week makes. These gains ha

<p>The US 30 stock index (cash) found strong resistance at the 24,443 level and the 50-day simple moving average (SMA), returning back below the 50.0% Fibonacci retracement level of the downward wave from 29,582.61 to 18,145 at 23,866. Technically, the RSI indicator, holding in positive territory, is moving sideways with weak momentum, while

<p>The common currency remained weak against a number of its counterparts yesterday as financial releases showed the damage done by the corona crisis to the European economy in April. It was characteristic that the main PMI readings under-performed market expectations showing how wide the contraction of economic activity actually is for April

Euro/Dollar is trading below the main weekly SMAs as the quote established fresh April lows at the 1.0727 level.

DXY is trading above the weekly SMAs suggesting an overall bullish bias. The greenback is about to end the week above the 100.00 mark.

The USD/MXN jumped to 25.28, the highest level since April 6, the day it hit the intraday record high at 25.76. On Friday, after the new peak pulled b