Blogs

<p>USDCHF Daily Outlook – Confirmed cases of the novel coronavirus world-wide surpassed one million, a grim milestone for the pandemic… I’m hoping all of you guys are safe and are staying home.</p> <p>The US jobless claims rose to a record 6.6 million on Thursday but Oil soared after U.S. President Trump said Saudi Arabia an

<p><strong>Oil</strong></p> <p>Today we’ve seen relatively robust upward swing in oil as the market did not wait for negative news but were offered solid support thanks to a number of positive catalysts, including:</p> <ul> <li>Rumors that China has started to fill strategic reserves taking advantage

<h2>Trump Considering Lifting Tariffs</h2> <p>With the growing economic threat from COVID-19 demanding an increasing response from central banks and governments alike, the US administration is reportedly on the verge of a surprising U -turn. According to the Financial Times, the President is set to announce a 90-day suspension on

<h2>Oil Demand Cratering</h2> <p>The WTI markets has seen another round of selling this week as the global situation continues to draw concern for the demand outlook. The rebound in risk assets over the prior week has stalled this week as news of a soaring US death toll, and expectations of an extension to the lockdown […]

<h2><span>AUDCHF – First leg of correction completing</span></h2> <p><span><strong>After equity markets experienced one of their worst quarters ever</strong>, with the MSCI World Index down 20%, the June quarter has begun on a poor note. This is being attributed to some sombre comments from Pres

<h2><span>Daily Market Outlook, April 2, 2020 </span></h2> <p><b>The new quarter has begun on a poor note for risk assets</b><span>, with chunky falls in the global market, higher credit spreads, and lower US Treasury rates. In currency markets JPY and the USD have outperformed.</span></p>

<p> Behind the scenes in the price of gold, London dealers have been noticing unprecedented, historic events unfolding. Liquidity issues in the London market, unwinding of leveraged bets in gold ETFs and the exodus of gold's largest buyer, Russia, have all shocked the market that is usually seen as a safe-haven in troubling times. Howeve

The EUR/USD bears are going ahead but not everybody believes in their victory The pandemic will cost the global economy about $4.1 trillion, which is equal to 5% of global GDP, the Asian Development Bank said. In March, the ADB said the virus outbreak could cost the world economy $347 billion. Since then, the epidemic […]

The NeoWave theory by Glenn Neely. The third rule of retracement proportions and the conditions to apply retracement rule 4 Dear friends! Today, I will cover the most complicated rule of retracement, retracement rule 4. This rule contains not only the conditions of application, you’re already familiar with, but they're also the sub-categories

The CAD, NOK, and RUB expect a signal from oil The drop in oil prices to its 18-year low has shocked the currencies of oil-exporting currencies. The Canadian dollar has been almost 9% down since January, the Norwegian krone has dropped by 17%, the Russian ruble has been 26% down. The NOK and the RUB […]