Blogs

<p>The EUR/USD is in a tight 75 pip range for the first time in 2020. The large volatility of this year has been replaced by a triangle pattern and is now waiting for a breakout. 4 hour chart The EUR/USD respected the 78.6% Fibonacci support of wave 2 vs 1 for the third time. The […]

<p>The euro currency is starting to attract buyers against the US dollar as the pair rallies away from the 1.0800 technical support area. EURUSD bulls need to move price above the 1.0900 level to encourage short and medium-term bulls to join in the recovery. At this stage, a sustained loss of the important 1.0830 technical […]

<p>Ethereum has fallen back fairly sharply alongside the broader crypto market after buyers failed to overcome the $185.00 resistance level. ETHUSD dip-buyers may enter around the current level in anticipation of a further rally in the cryptocurrency towards the $200.00 area. At this stage, a loss of the $150.00 level would negate the short a

<p>The British pound has fallen below the 1.2300 level against the US dollar as fears about the health of the UK economy continue to grow. GBPUSD bulls must defend the 1.2200 level to avoid a technical challenge towards the current monthly low, around the 1.2160 level. GBPUSD dip-buyers may be interested in the pair at […]

<p>US stocks declined yesterday as investors reacted to weak corporate earnings and falling oil prices. The Dow Jones lost 600 points, bringing its two-day drop to 1,200. This drop was due to weakness in energy stocks like ExxonMobil and Chevron, which have lost the billions worth of value this year. Weak earnings and guidance from […]

Inflation turned negative in March (-0.2% y/y) on the back of a sharp fall in transport costs, a fallout of the recent massive drop in global oil pric

German Chancellor Angela Merkel and Spanish Prime Minister Pedro Sánchez have opened a path to agreeing on a European coronavirus crisis fund, accordi

GBP/USD has fallen due to a sour market mood and high UK coronavirus cases. The reasons for the cable's fall will likely continue pushing it lower, ac

CME Group’s preliminary prints for Copper futures markets noted open interest extended the downtrend for yet another session on Tuesday, this time by

The dramatic moves in the oil market reflect a very challenging economic outlook which sits alongside still-elevated levels of market volatility, per