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With no agreement reached yet by the Eurozone on their latest coronavirus rescue plan, EUR/GBP may look to re-test a cluster of support levels.

Sterling has moved back to 1.24 US Dollars in early European business Thursday as the BoE agrees to finance UK Government spending temporarily and Boris Johnson’s health improves.

<p>The British pound continues to rise against the greenback as confidence grows that a medium-term price floor may have been established in the pair this week. The GBPUSD pair has a strong chance of rallying towards the 1.2600 level while price trades above the 1.2320 level. Sustained weakness below the 1.2320 support level could see [&helli

<p>The euro currency is holding on to recent gains against the US dollar, following the release of Meeting Minutes from the last FOMC meeting. A breakout above the 1.0980 level could prompt a quick rally in the EURUSD pair towards the 1.1060 level. Looking at the medium-term outlook for the EURUSD pair bulls may test […]

<p>Litecoin is starting to lose upside momentum in the short-term as bulls struggle to break above the psychological $50.00 resistance level. Failure to hold price above the $45.00 level could see the LTCUSD pair sold back towards the $36.50 support level. Looking at the upside, gains above the $50.00 resistance level could see the LTCUSD [&h

<p>US stocks rallied by more than three percent as markets received several positive catalysts. First, the number of new coronavirus cases in the US is slowing. On Tuesday, the cases increased by 8.1%, which was the third day of a consecutive slowdown. Second, the market reacted to news that Bernie Sanders was abandoning his presidential [&he

<p>General Trend: Aussie equities outperform amid strength in Consumer Discretionary, Energy and Financial firms. HK gaming companies rise over 3%; HK gov’t announced stimulus measures after the market close on Wed, Trump commented on US gaming sector Shanghai Composite rose by less than 0.5% in early trading; Consumer Discretionary and Finan

<p>For the 24 hours to 23:00 GMT, the EUR declined 0.35% against the USD and closed at 1.0858. In the US, MBA mortgage applications dropped 17.9% in the week ended 3 April 2020, compared to a rise of 15.3% in the prior week. Separately, the Federal Open Market Committee (FOMC), in its March meeting minutes, […]

<p>For the 24 hours to 23:00 GMT, the GBP declined 4.94% against the USD and closed at 1.2385. On the data front, UK’s RICS housing price balance eased to 11.0% in March, compared to a level of 29.0% in the prior month. Market participants were expecting the index to record a reading of 14.0%. In […]

<p>For the 24 hours to 23:00 GMT, the USD declined 1.15% against the JPY and closed at 108.88. In the Asian session, at GMT0300, the pair is trading at 108.95, with the USD trading 0.06% higher against the JPY from yesterday’s close. Bank of Japan (BoJ) Governor, Haruhiko Kuroda, warned that uncertainty over the country’s […]