Blogs

<h2>PMI Readings Plummet</h2> <p>The latest set of PMI data sets out of the UK and Europe today cast further light on the damage being caused to individual economies by the ongoing COVID lock-downs which are still in place. The Purchasing Managers’ Indexes are some of the most keenly watched data releases each month. Comprised by

<h2><span>Chart of the Day CADJPY</span></h2> <p><strong>CADJPY – Probable Price Path</strong></p> <p><span>Global market sentiment stabilised overnight. Oil recovered some grounds, after the relentless selling that was seen earlier this week. WTI traded to $14.4 level, over 24% up i

<h2>Negative Oil Prices</h2> <p>Crude oil prices have seen record moves this week as the capitulation in concerns for the demand outlook resulted in a downside shock with prices breaking below $0 for the first time on record. Printing lows of -$37.63 on Monday at the worst of the decline.</p> <p>The dramatic sell-off c

<p><b>The market turned risk-on after a rally session in the U.S. on Wednesday night. U.S. 10 Year Treasury yield rose to 0.6175%, from 0.619%.</b><span> Asian equity markets were poised to edge higher on Thursday after rebounding crude prices. On Wall Street, all 11 S&amp;P 500 sector indexes traded higher as the U.S. T

<h2><span>Daily Market Outlook, April 23, 2020 </span></h2> <p><span><strong>The Asian equity market traded mostly higher despite weak economic data</strong>, including record lows in Australia PMIs. They found support in the recovery in oil prices, a new US $483bn stimulus package for SMEs (expected

<p>Good day!</p> <p>The USD/RUB pair corrected itself below the level of 75.70 just to jump against the drop in oil prices. Currently, the asset’s price is pulling back to the horizontal level of 75.50 away from which it can jump again. In principle, Urals is going up therefore the Russian ruble might target the level […]

<p>USDCHF Daily Outlook – On Wednesday oil prices rebounded after Trump signalled new tensions with Iran, probably just to meddle with oil prices. Canadian CPI rose in March on a y/y basis but went down from a 2.2% gain in February. The Eurozone consumer confidence fell to -22.7 in April and the UK inflation hit […]

USCrude –oil Oil is now being corrected up and approaching the border of the medium-term down trend at [11.67 – 10.92]. I recommend expecting the zone breakout and the price consolidation above to enter purchases. It is time to stop selling oil. Oil short-term trend turned up yesterday, as Intermediary Zone [7.54 – 7.17] was […]

ECB takes every measure to support Italy  The dollar is like the Phoenix rising from the ashes. US indexes stopped growing steadily and started jumping up and down. Oil shocked everybody falling below zero. Investors are concerned about the report on US jobless claims. According to the experts surveyed by Reuters, the initial claims for […]

Charles Phan joins as CTO; Caroline Holmes becomes Head of Business Development