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<p>Eurozone PMI Services was finalized at 26.4 in March, down from February’s 52.6. PMI Composite was finalized at 29.7, own from February’s 51.6. that’s the biggest single monthly fall, as well as a survey record low. Looking at some member states, Germany PMI Composite dropped to 35.0, France to 28.9, Spain to 26.7, Italy

<p>While the US continues to post scary job numbers, the markets couldn’t care less. Investors know the numbers would be bad and it doesn’t matter how bad they are. The point is, there has to be an end to the coronavirus pandemic, which originated from China. Otherwise, the economy will just continue to turn from […]

<p>Crude oil prices rebounded yesterday, on speculations that Saudi Arabia and Russia might agree to cut output. Donald Trump noted on Twitter that he expects that Saudi Arabia and Russia will reduce oil production by “approximately 10M bpd, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry”. [&h

<p>NZDUSD is presently tackling the 0.5841 level, that being the 38.2% Fibonacci retracement of the down leg from 0.6447 to an 11-year low of 0.5468, after new found negative sentiment sent the pair back down into the Ichimoku cloud. Aiding this move down is the recent bearish crossover of the now declining Ichimoku lines. The […]

<p>GBP/USD slipped in early trading on Friday, after UK Final Services PMI missed analyst expectations, coming in at 34.5. The pound fell sharply against the dollar from March 10th as investors sought the greenback for its liquidity and safe haven status amid the coronavirus pandemic. Sterling rebounded on March 20th, after the Federal Reserv

<p>The Australian dollar fell below 0.60 handle on Friday, extending weakness into fourth day, pressured by broader US dollar gains, with low volumes accelerating Aussie’s negative action. Break below 10DMA (0.6036) and 0.60 support increases negative signals and exposes next key level at 0.5944 (Fibo 38.2% of 0.5509/0.6212 upleg) close

<p>Notes/Observations Major European PMI Service slump to record low readings for Mar (Spain, Italy, France, Germany and Euro Zone all at record low readings) OPEC+ said to be prepared to hold a conference call on Monday, Apr 6th to discuss possible production cuts (6-10M range rumored). Russia likely to only come onboard if US joins [&hellip

<p>WTI oil regained traction and rose to session high at $26.98 in European trading on Friday, as positive sentiment prevails on fresh hopes of Saud-Russia deal. Oil prices surged over $5 on Thursday on news that deal is likely to be reached but pulled back after traders took some profits and doubts about deal rose. […]

<p>The US 30 cash index is being embraced by the 23.6% Fibonacci retracement level of the down leg from 29,582.61 to 18,145 at 20,851 and the 38.2% Fibonacci at 22,518 over the last days. The lack of direction is confirmed by the RSI indicator which is moving with weak momentum beneath the 50 level, while […]

<p>Bitcoin has staged a quick reversal back under the $7,000 level after staging a quick breakout towards the $7,300 resistance area. Failure to move above the $7,300 level could result in the BTCUSD pair forming a large head and shoulders pattern across the lower time frames. A sustained break above the $7,300 level could see […]