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<p>Gold is lifted by return of risk appetite today, as DOW is current up over 1000 pts. The break of 1644.67 resistance suggests resumption of whole rebound from 1451.16. Further rise should now be seen to 61.8% projection of 1451.16 to 1644.67 from 1567.78 at 1687.36. However, recent price actions from 1703.28 high are seen […]

<p>Japanese Prime Minister Shinzo Abe indicated that he could formally announce a month-long state of emergency as soon as on Tuesday. The seven prefectures include Tokyo, Osaka, Kanagawa, Saitama, Chiba, Hyogo and Fukuoka. Though, he insisted that “we are not changing Japan’s policy, but strengthening it and asking for full coope

<p>Reuters reported today that the German Interior Ministry is already drafting a plan to end lockdown and return the country to normal lift, starting April 19. The document assumed that the coronavirus pandemic will last until 2021. But with proper measures, the average number of people infected by one person could be limited below one. [&he

<p>Global stocks strength in general as major coronavirus epicenters seem to be starting to flatten the curve. It’s reported that Germany is even planning for lockdown exit. However, it remains uncertain when this coronavirus pandemic is going to end, and the world would return to normal. Risk in second wave of infections in Asia could

<p>Notes/Observations Risk appetite finds some lags on belief the of signs suggesting that the coronavirus outbreak might be peaking (rate of new cases has been falling in Italy, Spain, Germany and Switzerland, and US) Focus on Tuesday’s Eurogroup meeting to see if the bloc could achieve solidarity on resolving its economic issues Asia:

<p>The Singapore Dollar has been appreciating against the Japanese Yen within the ascending channel since the beginning of March. As apparent on the chart, the SGD./JPY exchange rate reversed north from the lower channel line at the beginning of April. Thus, from a theoretical point of view, it is likely that some upside potential could [&hel

<p>The Turkish Lira has been depreciating against the Japanese Yen within the descending channel since the beginning of March. As apparent in the chart, the TRY/JPY currency pair re-tested the lower channel line at the beginning of April. Thus, from a theoretical point of view, it is likely that short-term increase is expected, as the [&helli

<p>The common European currency has declined by 6.28% in value against the New Zealand Dollar since the middle of March. The decline began after the currency pair tested the 2.0000 area on March 19. Currently, the exchange rate is trading near the bottom border of an ascending channel pattern at 1.8462. From a technical point […]

<p>The Australian Dollar has been edging higher against the New Zealand Dollar since the middle of March. The currency pair tested the 200– period simple moving average at 1.0315 during last week’s trading sessions. As for the near future, the AUD/NZD exchange rate could continue to edge higher in the junior ascending channel pattern. T

<p>The Euro consolidating within 1.0783/1.0835 range after six straight days of losses (the pair was down 2.5% last week) but maintaining bearish bias as today’s action stays capped by broken key Fibo support at 1.0835 (61.8% of 1.0635/1.1147). There was little benefit from German data which came in much better than expected figure, alt