<p>General Trend: Oil FUTs rise over 3% in Asia amid focus on OPEC+, Trump commented on energy markets at daily briefing Shanghai Composite rises over 1.5% in early trading after Monday’s holiday, sectors moving higher include IT and Industrials Japanese equity markets pare opening gains, marine transportation sector declines Australian equit
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ETHUSD Breaks Resistance
<p>Ethereum has finally broken above key short-term technical resistance and may be set to attack towards the $175.00 resistance level. Continued gains above the $155.00 level could see the ETHUSD testing towards its key 200-day moving average this week. A loss of the pivotal $155.00 level may result in the ETHUSD pair falling back towards [&
EURUSD 1.0980 Still Possible
<p>The euro currency is starting to appear more bullish against the US dollar as selling interest below the 1.0800 level appears fairly week. Bulls could stage a strong recovery towards the 1.0980 level if they start to gain traction above the 1.0840 resistance level. To the downside, a sustained loss of the 1.0710 level may […]
USDJPY Losing Momentum
<p>The US dollar is starting to lose upside momentum against the Japanese yen currency after the pair found strong resistance from the 109.00 level. A sustained loss of the 108.90 level could see the USDJPY pair quickly falling to trendline support around the 107.60 level. Traders should also note that a bearish double-top pattern formation [
Crude Oil Rebound Expected
<p>Pivot (invalidation): 25.90 Our preference Long positions above 25.90 with targets at 28.20 & 29.10 in extension. Alternative scenario Below 25.90 look for further downside with 25.30 & 24.45 as targets. Comment The RSI calls for a rebound.</p> <p>The post <a rel="nofollow" href="https://www.ac
Silver Spot The Bias Remains Bullish
<p>Pivot (invalidation): 14.9300 Our preference Long positions above 14.9300 with targets at 15.5500 & 15.8000 in extension. Alternative scenario Below 14.9300 look for further downside with 14.7000 & 14.5000 as targets. Comment A support base at 14.9300 has formed and has allowed for a temporary stabilisation.</p> <p>Th
Gold Spot The Bias Remains Bullish
<p>Pivot (invalidation): 1636.00 Our preference Long positions above 1636.00 with targets at 1678.00 & 1697.00 in extension. Alternative scenario Below 1636.00 look for further downside with 1624.00 & 1610.00 as targets. Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.</p&
Euro-Zone’s Sentix Investor Confidence Index Dropped To A Record Low In April
<p>For the 24 hours to 23:00 GMT, the EUR declined 0.28% against the USD and closed at 1.0788. On the macro front, Euro-zone’s Sentix investor confidence index dropped to a level of -42.9 in April, compared to a level of -17.1 in the previous month. Market participants were expecting the index to fall to a […]
UK’s Construction Activity Contracted At Its Fastest Pace Since 2009 In March
<p>For the 24 hours to 23:00 GMT, the GBP declined 6.28% against the USD and closed at 1.2210, amid news reports that British Prime Minister was moved to the intensive care unit due to persistent COVID-19 symptoms. On the data front, UK’s construction PMI dropped to a level of 39.3 in March, marking its lowest […]
Japanese Yen Extends Its Gains In The Asian Session
<p>For the 24 hours to 23:00 GMT, the USD declined 0.87% against the JPY and closed at 109.19. Data showed that Japan’s consumer confidence index dropped to 30.9 in March, compared to a level of 38.4 in the prior month. In the Asian session, at GMT0300, the pair is trading at 108.93, with the USD […]