Blogs

<p>USDJPY restored positive momentum on Monday and pierced the 109.00 level on the upside after stepping on the 200-period simple moving average (SMA) on the four-hour chart. While some stabilization cannot be ruled out since the 23.6% Fibonacci of the 101.17-111.70 upleg is in the neighborhood and the fast Stochastics are fluctuating in the

<p>EURUSD recovered its strong sell-off from the 13-month peak of 1.1495 to the three-year low of 1.0635, as it jumped close to the 61.8% Fibonacci retracement level of this downward move at 1.1170. Currently, the price is edging sharply lower again beneath the moving average lines and near the 1.0800 psychological mark. The market is [&helli

<p>Stocks roar higher, yen stumbles as new infections plateau in Europe Is this recovery sustainable though, or just another bear market rebound? Oil remains in focus as OPEC+ postpones meeting – will they cut enough? Risk appetite returns on hopes ‘peak virus’ is behind us Global markets woke up in a better mood on Monday, […]

<p>Rates: US supply and fragile improvement risk sentiment could weigh on core bonds The US Treasury starts its mid-month refinancing operation today with a $40bn 3-yr Note auction. This week’s auction sizes are increased by a combined $5bn. Together with a fragile improvement in risk sentiment at the start of the holiday-shortened trading we

<p>Asian equities kicked off the week on a positive note. Stocks in Sydney jumped past 4%, Nikkei gained 2.37% and the Hang Seng added 1.11%. Chinese and Indian markets were closed due to holiday. The three major US stock indices surged circa 3.30% after closing 1.50% lower on Friday following the gory employment figures that […]

<p>There’s no shortage of volatility at the start of the week, or over-confidence for that matter, as stock markets jump on some apparently promising numbers in recent days. Europe appears to have turned a corner, with Italy and Spain – the worst hit in the region – seeing a sustained period of declining new cases […]

<p>US employment fell by 4x expectations, showing a 701K decline in March, but this was not the story of the day. A 40% intraday rally in oil following a series of Trump remarks helped the loonie and prevented further. A new Premium Insights’ trade was issued for Premium subscribers after the US jobs, which will […]

<p>Gold is looking very bullish. At this point we can see that the price is rejecting above the inverted head and shoulders bottom. The price in Gold is clearly trying to push higher. We can see two POC zones. 1595-1600 and 1562-80. Any of the zones should provide fresh buying opportunities if we see a […]

<p>The precious metal has become somewhat weaker after the previous volatility seen in the weeks gone by. Price action is gradually drifting higher, in an attempt to test the previous highs. The main level of interest is 1632. A breakout above this level could see further gains come by. However, in the short term, we […]

<p>WTI crude oil prices are rising higher for a second day. Prices rose over 16% into Friday’s close, led by the optimism of an OPEC supply cut. At the time of writing, WTI crude oil prices are trading near the resistance level of 28.00. If this level cannot be cleared, we expect prices to drift […]