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Cable now moves back towards the 1.2300 level ForexLive The pound started the day on a softer note with cable easing to 1.2210 after news over the weekend that UK prime minister Boris Johnson was hospitalised amid persistent coronavirus symptoms, with a rumour even saying that he required ventilator support.

<p>UK PMI Construction dropped to 39.3 in March, down from 52.6, indicating the steepest contraction output since April 2009. Employment dropped at the fastest pace since September 2010. Business expectations also slumped to lowest since October 2008. Tim Moore, Economics Director at IHS Markit: “The closure of construction sites and lo

<p>Eurozone Sentix Investor Confidence dropped to -42.9 in April, down from -17.1. That’s the lowest level on record. Current Situation index dropped from -14.3 to -66.0, also a record low and the largest decline on record. Expectations index, however, improved from -20.0 to -15.8. Sentix said Eurozone economy is in a “deep recess

<p>The common European currency has surged by 132 pips or 1.13% in value against the Japanese Yen since Friday’s trading session. A breakout occurred through the upper boundary of a descending channel pattern on Monday morning. Given that a breakout had occurred, the currency pair will most likely continue to edge higher within this ses

<p>The Australian Dollar declined by 88 pips or 1.45% in value against the US Dollar on Friday. The currency pair was pressured lower by the 50– hour simple moving average during Friday’s trading session. Currently, the exchange rate is testing a resistance level formed by the 50– hour SMA at 0.6039. If the resistance level […]

<p>The US Dollar surged by 155 pips or 1.10% against the Canadian Dollar on Friday. The currency pair tested the upper boundary of a descending channel pattern during Friday’s trading session. The exchange rate made a U-turn from the upper border of the descending channel pattern on Monday morning. Most likely, the USD/CAD will continue

<p>On Friday, the New Zealand Dollar declined by 70 pips or 1.18% against the US Dollar. The decline began after the exchange rate tested a resistance cluster formed by the 50– and 200– hour SMAs at 0.5917. The currency pair is currently testing a resistance cluster formed by the weekly pivot point and the combination […]

<p>The world markets start the week with growth on the background of signs of stabilization of COVID-19 spreading rates. Previously, we have repeatedly noted that markets can get support when the daily increase of new cases decreases. Of course, this does not mean the end of the disease and it won’t be evidence of solving […]

<p>The pair is holding in green for the third consecutive day and accelerated higher on Monday, to post new one-week high at 109.37. The yen was sold on Monday as Japan’s government is expected to announce a state of emergency in response to pandemic, as number of cases starting to rise. Fresh advance broke above […]

<p>Gold&#8217;s fresh confidence is currently pushing off the 1,607 level – that being the 61.8% Fibonacci retracement of the down leg from 1,703.36 to 1,451 – following the recent positive sessions which commenced on April 1 from 1,566. Backing an improving near- and medium-term picture are all the inclining simple moving averages (SMAs)