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<p>INDICES Yesterday, European stocks remained firm, with the Stoxx Europe 600 Index adding 0.9%. Both Germany’s DAX 30 and the U.K.’s FTSE 100 climbed 1.0%, and France’s CAC 40 was up 0.9%.. EUROPE ADVANCE/DECLINE 73% of STOXX 600 constituents traded higher yesterday. 74% of the shares trade above their 20D MA vs 69% Wednes

<p>Japan is suffering from social distancing measures as Japanese Nationwide Department Sales fell 33.4% As the other countries, Japan is suffering from social distancing measures as Japanese Nationwide Department Sales fell 33.4% on year in March, vs -12.2% the previous month. In Tokyo, Department Stores sales collapsed by 34.6%, vs -12.8% i

<p>The US stock markets closed Thursday’s session flat, while Gilead shares tumbled past 4% after the company’s Covid-19 drug remdesivir gave poor clinical results in a Chinese trial according to the Financial Times report based on accidentally released draft documents by the World Health Organization. New cases in Europe seem to

<p>Rates: Defensive approach ahead of the weekend Horrible economic data and bad news on a possible drug against the coronavirus caused a gradual intraday risk reversal. Core bonds ended higher, flattening the curves. We take a defensive approach ahead of the weekend with the fragility of the Easter rally once again exposed. Merkel and Trump

<p>The British pound is building upside momentum against the US dollar as buyers managed to defend the pivotal 1.2300 support level. GBPUSD buyers may start to attack towards the 1.2450 resistance level to shift the short-term trend from bearish to bullish. A breakout above the 1.2450 level could provide an even more powerful recovery in [&he

<p>The euro is under pressure against the US dollar, following a strong technical rejection from the 1.0840 area during yesterday’s US trading session. If bears can hold price below the 1.0770 level the EURUSD pair could fall quickly towards the 1.0700 level. Caution is still advised as a bearish head and shoulders pattern warns that [&hellip

<p>Bitcoin has exploded to the upside after moving past the $7,460 level and hitting a fresh monthly trading high, around the $7,770 level. BTCUSD bulls now have the upperhand and could start to target the cryptocurrencies key 200-day moving average, around the $8,000 level. On an intraday basis, bulls need to keep price above the […]

<p>The price of crude oil rallied in overnight trading as momentum continued for the second day. The rally is partly because investors hope that Trump will intervene and help oil companies. It is also because the market hopes for natural supply cuts as more shale companies reduce their production. Further, there are hopes that geopolitical [&

<p>Market movers today Today’s highlight in terms of data releases is the German IFO. We expect the IFO expectations to have risen slightly in line with ZEW earlier this week and also as the opening up of the economy has begun. However, the current situation assessment is likely to be poor. Tonight Italy is up […]

<p>General Trend: Shanghai Composite declines during morning session, Financials and Property shares trade lower Ganfeng Lithium rises over 3% in HK after reporting Q1 earnings Chinese telecom ZTE may report Q1 results later today (US financial press) Japanese equities decline ahead of Monday’s BOJ decision (April 27th), automakers and securi