Blogs

<p>The hopes of the markets are not yet fulfilled: the peak of the spreading of the disease in the United States has not yet passed in peak. However, amid the stabilisation of this numbers, the stock indices showed growth, reckoning on the governments and central banks stimulus. Yesterday Japan joined the US, Germany and Italy […]

<p>Rates: Risk rebound shows fragility This week’s risk rebound ran out of steam during yesterday’s US trading session. Core bonds lost ground, but ended off their intraday weakest levels. Eurogroup finance ministers haven’t concluded their conference on EMU fiscal aid for the corona crisis yet. Discussions might last into the weekend and sho

<p>Gold appears to have found some footing at the 1,643 level from March 26 as it creeps towards a very short-term uptrend line drawn from the 1,455.17 low of March 20. Although the simple moving averages (SMAs) are not giving the strongest and clearest trend signals, they do lean slightly to the positive picture, specifically […]

<p>AUDUSD rebounded on the 17½-year low of 0.5506 on March 19 and sent the price slightly above the 0.6200 psychological mark, surpassing the 20-day simple moving average (SMA). The MACD oscillator is moving higher in the negative territory, holding well above the trigger line, however, the RSI indicator paused its positive momentum near its

<p>WTI oil futures (May delivery) appear to be forming an inverted head and shoulders pattern in the four-hour timeframe in a possible signal for a positive trend reversal. In the latest upturn, the price failed to overcome its previous high of 28.45 and reversed south to build the right shoulder. The bullish cross between the […]

<p>The British Pound started an upside correction from the 1.2165 swing low against the US Dollar. The GBP/USD pair broke the 1.2250 resistance area to move into a short term positive zone. Besides, the pair settled above the 1.2300 level and the 50 hourly simple moving average. The pair traded as high as 1.2384 on […]

<p>Gold is still bullish. However, some profit taking moved the price lower so at this point we have a range bound market. By looking at the chart we can see the zones where the price might eventually reject and bounce from. This is a ranging market now, where the bulls are still having the upper […]

<p>Price action in XAUUSD finally saw prices reclaiming the resistance area of 1654. Following the gains to this level, gold is leveling off. We expect some consolidation to take place. But given the Stochastics positioning, we could expect further gains in the near term. The next upside target is near the previous highs of 1699. […]

<p>WTI Crude oil prices are inching lower after the previous session’s gains to the resistance area of 28.00. Price action is showing some weakness after failing to breakout higher. This comes as the proposed OPEC+ meeting is pushed further down the line. As a result, we could expect prices to remain steady in a sideways […]

<p>The Pound sterling is trading within the range of 1.2277 and 1.2854. The currency brushed aside concerns after reports of PM Johnson bring admitted to the intensive care emerged. For the moment, the currency pair could continue its sideways range. The Stochastics oscillator, however, points to a possible downside breakout as the momentum i