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<p>US stocks suffered the worst start to a quarter in history overnight. But Asian markets are generally steady after initial weakness. Other markets are generally stuck in familiar range. Dollar and Yen remain the strongest one for the week but there is still no clear follow through buying. Oil price is also gyrating in a […]

<p>The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks surged +21.04 mmb to 1286.82 mmb in the week ended March 27. Crude oil inventory soared +13.83 mmb (consensus: +4 mmb) to 469.19 mmb. Stockpile rose in ALL PADDs. PADD 3 (Gulf Coast) alone saw […]

<p>The euro has fallen towards the 1.0900 level against the US dollar after the US economy released better than expected job numbers. Bulls need to rally the EURUSD from current levels to avoid a further decline in the pair towards the 1.0840 technical regions. If bulls can reclaim the 1.0980 level then the EURUSD pair […]

<p>The US dollar has continued to weaken against the Japanese yen currency despite the fact that the greenback is rallying across the board this week. Bearish MACD price divergence may be causing short-term USDJPY buyers to remains cautious. Overall, continued failure above the 108.90 level is likely to result in the USDJPY pair falling towar

<p>Bitcoin remains under pressure after the number one cryptocurrency suffered another upside rejection from the $6,500 level. If the BTCUSD pair falls below the $6,000 level it is entirely possible that sellers could start to target the $5,500 support area. Overall, traders should expect more short-term weakness in the BTCUSD pair while pric

<p>US stocks fell yesterday after Donald Trump sent a dark message to Americans. On Tuesday, the president raised the expected death toll related to COVID-19 to between 100k and 250k. This was a bigger number than was originally expected. Additionally, investors are worried that the impact of the disease to the economy will be higher. [&helli

In an interview with France Inter radio, the European Union's (EU) Industry Chief Thierry Breton said Thursday, "I am convinced we will be able to con

<p>For the 24 hours to 23:00 GMT, the EUR declined 0.71% against the USD and closed at 1.0951. On the macro front, Euro-zone’s Markit manufacturing PMI dropped to a level of 44.5 in March, due to the coronavirus outbreak and hitting its lowest level in 92 months. In the previous month, the index had recorded […]

<p>For the 24 hours to 23:00 GMT, the GBP declined 4.93% against the USD and closed at 1.2386. On the data front, UK’s manufacturing PMI dropped to a 3-month low level of 47.8 in March, compared to a reading of 51.7 in the previous month. The preliminary figures had indicated a fall to a level […]

<p>For the 24 hours to 23:00 GMT, the USD declined 2.64% against the JPY and closed at 107.24. In the Asian session, at GMT0300, the pair is trading at 107.50, with the USD trading 0.24% higher against the JPY from yesterday’s close. The pair is expected to find support at 106.97, and a fall through […]