Lower trend line on the hourly and 61.8% retracement are downside targets to get below technically The USDJPY has run lower to start the current week. The fall took the price away from the 200 hour and 200 day MAs at 108.384 and 108.318 respectively and also below the 50% retracement level of the April […]
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EURUSD stays within a technical defined range
EURUSD is lower on the day The EURUSD is staying within a technical defined trading range. On the topside, a trend line stalled the rally. That upside trend line comes in at 1.0971 (and moving higher) currently.
Fed's Bostic: Recovery should be much more robust
Atlanta Fed Pres. Bostic speaking on a Florida radio station Atlanta Fed's Bostic is speaking on a Florida radio station and says: ForexLive
Fed's Clarida: Will keeps rates near zero until the economy is back on track
Comments by Fed vice chair, Richard Clarida – Fed is ensuring credit is flowing to the US economy – Any talk of a rate increase is "a long way down the road" ForexLive
OPEC+ Deal on Output Cut Unlikely Helps Reduce Surplus. Downside Risk on Oil Price Remains
<p>OPEC+ eventually agreed on a final deal to reduce oil production by -10M bpd. Despite the significant headline figure, the effective cut is much lower. Actual output cut, late start and compliance issues suggest that the deal should not offer much help to the demand/supply balance in the oil market. As such, we expect risk […]
Bitcoin Forecast: Moving Towards Previous Consolidation – 13 April 2020
The coin markets rolled over during the trading session on Good Friday as there would have been a serious lack of volume
Weekly Gold Forecast: Buy Gold, Don’t Sell – 13 April 2020
The gold markets were closed on Good Friday obviously, but when we look at the Thursday candlestick the close was rather impressive.
WTI Crude Oil Forecast: Will We Rally in the Short-term? – 13 April 2020
West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Thursday, when it was reported that Saudi Arabia and Russia were discussing cuts
Tokyo sees 91 new coronavirus cases today – local media
TV Asahi reports on the matter For some context, Tokyo only reported less than 200 cases as of three weeks ago on 24 March – prior to the postponement of the Olympics.
Oil gains start to wither, falls back below $23
Oil sees earlier gains of around 4% pared for the most part ForexLive Price is now back under $23 amid a gradual fall over the past few hours. The 200-hour MA (blue line) is still keeping any topside price action in-check today as sellers continue to maintain near-term control at the moment.