Blogs
FX Update – April 13 – Low Volume Markets
<p>The Dollar has ebbed and then recovered in holiday-thinned conditions. The narrow trade-weighted <strong>USDIndex</strong> edged out a two-week low at 99.14 before recouping back above 99.50. <strong>EURUSD</strong> concurrently saw an eleven-day high at <span><strong>1.0968</strong></span> b
Yen strengthened after downturn in Nikkei
<p>The Asian market opened slightly lower with JPN225 Futures trading negative, down to 19,074 points (after opening high at 19,730 points).</p> <p>This indirectly caused the Yen (JPY) to strengthen against other currencies. The USDPJPY is currently at 107.74 against the highest early morning price of 108.52. Decrease by 78 pips.
Technical Analysis for GBPUSD
<p><em>The chaos of the 2008 crisis, that began with the fall of Lehman Brothers, is similar to the current pandemic crisis. Many financial market traders who still have strong memories of unprecedented trading losses in one day and this tide of uncertainty are pushing for a flight to safety.</em></p> <p>Although the
Canada: Fiscal policy has the most scope to provide stimulus during the recovery – CIBC
Royce Mendes, Senior Economist at CIBC Capital Markets, points out that Bank of Canada’s QE won’t work by lowering long-term yields or weakening the l
EUR/JPY falls to one-week lows, eyes 117.00
The EUR/JPY held firm under 118.00 and dropped further, hitting at 117.30, the lowest level since April 6. Technical factors, a stronger yen and a sli
AUD/USD Price Analysis: Aussie trades in one-month highs vs. US dollar
AUD/USD bullish recovery is intact as the aussie is trading in one-month highs and challenging the 50 SMA on the daily time frame.
S&P 500 Price Analysis: US stocks trading off one-month-highs
The S&P 500 rebounded up significantly after the crash as bulls reached the 2800 resistance. However, at the start of the new week buyers are taking a breathe
USD/JPY extends slide toward 107.50 as Wall Street adds to losses
The USD/JPY has been falling constantly over the last four hours and recently it accelerated the decline. It printed a fresh one-week low at 107.61. I
Breaking: Gold jumps to fresh multi-year highs above $1,710
The troy ounce of the precious metal rose to its highest level since December of 2012 at $1,711 on Monday boosted by risk-off flows. As of writing, th