The European Central Bank's President Christine Lagarde made clear that the role of the Bank is limited in terms of facing the current economic slowdown.
Blogs
USD/JPY Technical Analysis: A Fierce Struggle Between Safe Havens – 22 April 2020
As I mentioned before, I now confirm that the USD/JPY pair remains in a fierce struggle between safe havens since the beginning of the Coronavirus crisis.
Gold Technical Analysis: Amid Profit Taking Sales – 22 April 2020
The strength of the US dollar contributed to the selling of the yellow metal during yesterday's trading.
GBP/USD Technical Analysis: Amid Renewed Bear Control – 22 April 2020
Approximately 200 points was the sum of the GBP/USD losses during yesterday's trading session.
EUR/USD Technical Analysis: ZEW Survey Temporarily Stops Losses – 22 April 2020
Selling pressure pushed the EUR/USD towards a stronger lower level at 1.0811.
USD/CAD: Will Resistance Zone Reignite Corrective Phase? – 22 April 2020
Economists forecast a slower recovery in Canada as compare to the US. The ongoing collapse in oil prices is posing a vital challenge to both economies.
USD/ZAR: Bullish Momentum Loss Expected to Trigger Sell-Off – 22 April 2020
South Africa announced an unprecedented R500 billion economic stimulus in response to the global Covid-19 pandemic.
EUR/USD: Enforced Support Zone to Pressure Price Action Higher – 22 April 2020
A recent poll revealed that almost 50% of surveyed economists believe the US will enjoy a U-shaped recovery sooner than expected
USD/INR: More Downside Anticipated Following Breakdown – 22 April 2020
India’s 2021 fiscal year projection by the International Monetary Fund forecasts a 7.6% GDP expansion