Blogs

<p>PBOC cut the 1-year loan prime rate (LPR), by -20 bps, to 3.85% today. The move has been widely anticipated as the central bank lowered the 1-year MLF rate by the same size last week. LPR is the best lending rate offered by commercial banks, while the MLF rate is the interest rates offer by […]

<p>According to the CFTC Commitments of Traders report for the week ended April 14, NET LENGTH for crude oil futures gained +25 774 contracts to 510 669 for the week. Speculative long positions jumped +44 703 contracts while shorts added +18 929 contracts. Traders bet high crude oil prices after weeks of selloff. However, the […]

<p>As suggested in the CFTC Commitments of Traders report in the week ended April 14, NET LENGTH in USD Index added +333 contracts to 15 357. Speculative long positions gained +1 044 contracts and short positions added +711 contracts. Concerning European currencies, NET LENGTH in EUR futures rose +6 993 contracts to 86 617. NET […]

<p>WTI oil future contract for May accelerated lower in early Monday’s trading and hit the lowest since 1999 on over 16% fall during Asian / early European trading. The sentiment remains very weak and traders continue panic selling as demand weakens on daily basis and fears that US storage will fill soon. Weak global consumption [&helli

<p>WTI oil futures (May delivery) collapsed to a 21-year low of 14.46 early on Monday, re-activating this year’s bearish direction and eliminating any hopes of a trend reversal that the incomplete head and shoulder and a double bottom patterns created in previous sessions. On the four-hour chart, the RSI returned below its 30 oversold level [

<p>EURUSD started the week in a quiet mood, making limited moves within the 1.0800 zone as the momentum indicators continue to lack bullish appetite. The RSI has been unable to climb forcefully above its 50 neutral mark for more than a week, the MACD has been moving sideways, while the Stochastics are heading towards their […]

<p>Loonie drops as WTI crude oil plummets to two-decade low Yet, rest of the market still calm – stocks near recent highs, yen and gold retreat Are stocks exaggerating the V-shaped recovery, or is there nothing else to buy? Demand fears devastate oil prices The energy market is back under immense pressure, with WTI crude […]

<p>As the number of new infections in the world stabilizes and restrictions ease in the U.S. and Europe, investors are increasingly turning their attention to economic losses. Futures on American oil are in a free fall, and this is a clear manifestation of economic damage. The price of the May contract for WTI has collapsed […]

<p>The 31% rally in the S&P 500 since hitting a bottom of 2,191 on March 23 has been truly incredible. Economic factors should be the key determining factor for equity markets, but there seems to be an enormous disconnect between the performance of stocks and the economy. The dire data is breaking all records and […]

<p>The EUR/AUD is bearish. At this point the market is close to breaking out below the trendline. SHS pattern shows signs of rejection at the top of the right shoulder. 1.7100 zone is where we can see sellers. The ATR pivot point is exactly at 1.7096 and a move lower might cause the pair […]</p> […]