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<p>In a latest report by Bank of Spain, it’s estimated that the country’s GDP could contract from -6.8% to -12.4% this year due to coronavirus pandemic. But vigorous rebound is expected in 2021. Unemployment could also surge to 18.3% to 21.7%. In the best scenario, lockdown that started in mid-March would only last eight weeks. [&

<p>Markets are in mild risk averse mode as oil price tanks further. But losses are limited so far based on recent standard. Major currency pairs and crosses are also stuck in Friday’s range, except that New Zealand Dollar is lifted by lockdown exit. Canadian Dollar is the weakest one followed by Yen and then Sterling. […]

<p>Cable edged lower on Monday, pressured by rising coronavirus death toll and no signs of any easing of the lockdown. The pair is currently holding at the lower side of congestion that extends into third day and probes below rising 10DMA (1.2466) which limited downside attempts in past two days. Daily studies so far lack […]

<p>The S&P 500 futures are consolidating after they bounced on Friday on growing expectations that the economy would reopen soon The S&P 500 futures are consolidating after they bounced on Friday on growing expectations that the economy would reopen soon. President Donald Trump announced a plan for eventually restarting the country&

<p>On Monday, April 20th, the major currency pair is slightly falling not far from 1.0868. the coronavirus pandemic and its consequences remain the key trigger for all global financial markets, including both American and European economies. According to the CFTC (Commodity Futures Trading Commission), earlier hedge funds increased their long

<p>USDCAD recovered somewhat in recent sessions, but the pair is still printing lower highs on the four-hour chart, which keeps the near-term outlook cautiously negative. For the short-term picture to improve to neutral, the bulls would need to push the market above 1.4350. Short term oscillators suggest that the latest recovery could continu

<p>AUDUSD has been nicely developing along the rising 50-period simple moving average (SMA) on the four-hour chart after hitting a floor around the 50% Fibonacci of the downleg from 0.7031 to 0.5506. Expectations are for the pair to trade neutral-to-positive as the RSI is moving sideways above its 50 neutral mark and the MACD is softly [&hell

<p>The USD remained rather steady against most of its counterparts on Friday and during today’s Asian session. It should be noted that the greenback’s safe haven qualities continue to shine as investors tend to brace for more negative updates regarding COVID 19. According to media, protests seem to be ongoing in the US about the […]

<p>European stock markets are around 1% lower at the start of the week, as earnings season makes investors a little more cautious. Risk appetite was put to the test last week as earnings season got underway and banks made huge loan-loss provisions linked to the coronavirus outbreak and lockdown that followed. This is the first […]

<p>Gold price failed to stay above the $1,712 and $1,700 support levels against the US Dollar. The price started a fresh decline and broke the $1,700 support zone to move into a short term bearish zone. There was also a close below $1,695 and the 50 hourly simple moving average. The price traded as low […]