Gold held on to its positive tone through the early North-American session and was last seen trading near the top end of its daily trading range, arou
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Breaking: 4.4 million Americans applied for unemployment benefits last week
There were 4,427,000 Initial Claims for unemployment benefits in the US during the week ending April 18th, the data published by the US Department of
Swiss government expects economy to shrink 6.7% in 2020
In its updated forecasts, the Swiss government said that it expects the GDP to contract by 6.7%, worst slump since 1975, in 2020 due to the coronaviru
USD/JPY slides to session lows, just below mid-107.00s
The safe-haven Japanese yen strengthened across the board and dragged the USD/JPY pair to daily lows, around the 107.50-45 region in the last hour. Fo
Coronavirus: Lack of leadership may lead to wave of sell-offs
On-off openings of the economy may trigger a deeper recession, followed by inadequate recovery. Markets may follow with another crash and an unconvinc
AUD/USD climbs above 0.6350 as focus shifts to US data
The AUD/USD pair stayed relatively quiet near the 0.6300 mark during the Asian session amid mixed macroeconomic data releases from Australia but gaine
EUR/SEK: Remaining close to the current range – Rabobank
Sweden’s economy is very open and it still faces a harsh downturn meaning that the SEK may still be vulnerable, per Rabobank. Key quotes “There is spe
EUR/USD Price Analysis: Losses to extend to 1.0635
EUR/USD is prolonging the bearish note into the second half of the week, recording fresh monthly lows in the 1.0755/50 band. If the selling momentum p
US Dollar Index Price Analysis: Rising bets for a move to 101.00
The upside momentum in DXY remains well and sound and is now extending the move up to the area beyond the key hurdle at 100.50. If buyers keep pushing
USD/CAD stays directionless near 1.4150 ahead of key US data
The USD/CAD pair failed to hold above the 1.4200 handle on Wednesday and closed the day in the negative territory at 1.4161 as recovering crude oil pr