Blogs

<p>The Euro holds in directionless, 25-pips range on Monday, with attempts to extend last Friday’s recovery remaining capped by 1.0891/99 (broken Fibo 50% of 1.0637/1.1147 ascend, reinforced by converged 5/10DMA’s and broken bull-trendline off 1.0635). Daily studies are in negative setup, with near-term action being weighed down b

<p>The USD/JPY currency pair has revealed a short-term ascending channel. During Monday morning, the pair was trading near the lower channel line at 107.60. From a theoretical perspective, it is likely that some upside potential could prevail in the market. However, note that the exchange rate would have to surpass the 200-hour SMA near 108.0

<p>At the end of last week, the GBP/USD exchange rate tried to surpass the resistance level formed by the 100-hour SMA near 1.2520. During Monday morning, the rate was testing the resistance formed by the 55– and 200-hour SMAs near 1.2470. If the 55– and 200-hour SMAs hold, it is likely that some downside potential […]

<p>INDICES Friday, European stocks rebounded further, with the Stoxx Europe 600 Index gaining 2.6%. Germany&#8217;s DAX 30 climbed 3.2%, the U.K.&#8217;s FTSE 100 increased 2.8%. and France&#8217;s CAC 40 jumped 3.4%. EUROPE ADVANCE/DECLINE 90% of STOXX 600 constituents traded higher Friday. 85% of the shares trade above their 20D

<p>On Friday, China reported that its first-quarter GDP shrank 6.8% on year On Friday, China reported that its first-quarter GDP shrank 6.8% on year (worse than the -6.0% expected), the first economic contraction in nearly 30 years. Industrial production also fell 1.1% in March (better than the -6.2% estimated) and retail sales declined 15.8%

<p>During Friday morning, the EUR/USD currency pair tried to surpass the resistance level formed by the Fibo 23.60% at 1.0886. During today’s morning, the pair was testing the given level. If the given resistance level holds, it is likely that a reversal south could occur in the nearest future. Note that the exchange rate could [&hellip

<p>Spot gold edged lower on Monday despite fading risk sentiment and hit one-week low but so far unable to clearly break pivotal double-Fibo support at $1678 (23.6% $1455/$1747 and 38.2% of $1567/$1747). Overall picture remains bullish with current pullback from new nearly eight-year high ($1747, posted on 14 Apr) seen as positioning ahead of

<p>The British pound is starting to weaken against the US dollar after buyers lost the battle for short-term control of the pair, around the 1.2480 level. The GBPUSD pair could slip back towards the 1.2380 level if intraday selling pressure starts to increase. Sustained weakness below the 1.2380 level could see the GBPUSD pair retracing [&hel

<p>Ethereum is struggling to overcome its 200-day moving average in early-week trading, despite the recent sharp rally in the second-largest cryptocurrency by market capitalization. The ETHUSD pair could fall back towards the $165.00 support level if they fail to close the daily candle above the $185.00 level. ETHUSD dip-buyers could be ready

<p>The Australian Dollar has surged by 3.73% against the New Zealand Dollar since the beginning of April. The currency pair tested the upper boundary of an ascending channel pattern at 1.0600 on April 17. As for the near future, the exchange rate will most likely continue to edge higher. A breakout through the upper boundary […]