USD/CHF maintains its break above the 55-day average and is pushing constructively higher, analysts at Credit Suisse apprise. Key quotes “Resistance i
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A dismal day!
<div> <div> <div></div> </div> </div> <section> <div> <div> <div> <p><strong>Eurozone April PMI numbers looked dismal</strong><span>, with lockdowns across Europe really hitting home this month. The manufacturing sector outperformed, but the reading still dropped to
USDCAD TRADE SETUP FOR THE DAY
<p>The weekly is turning up against the 9/8/2017 lows at 1.2061. The daily & 4 hour right side is up with a bullish sequence against the 12/31/19 lows at 1.2944. While above 1.3995 where the hourly right side is up the pair can bounce to correct the cycle lower from the 3/19/20 highs before a […]
Gold is being nostalgic
Gold trends are similar to those of 2009-2011 When the global economy enters the era of monetizing the debt and total weakness of the world’s major currencies, gold purchases are a good hedge against the flaws of the financial system. The increase in the US budget deficit by $4 trillion and the public debt is […]
As Oil Prices Rebound, Are Other Energy Commodities in Danger?
Lockdown measures are significantly impacting demand for certain energy commodities.
Jason Leung Joins IG as Senior Adviser North America
He was Global Head of FX Options at DRW Trading Group earlier in his career
Russia Looking to Lift Telegram Ban
The messaging app was banned in 2018, but can be accessed easily.
Binance-Backed Payments App Goes Live in Nigeria
The platform allows users to request, send, and receive cash or crypto from their peers.
US Dollar (USD) Uptrend Continues – Beware of Upcoming PMI, Jobs Data
The US dollar is pushing higher on continued investor appetite but data out later today in the US may dampen hunger for the greenback.
EUR/USD Drops as Eurozone PMI Crash Signals Severe Recession
Flash Eurozone PMI signals severe recession in the Euro Area, eyes on EU summit for fiscal response.