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<p>Markets are starting another with rather quiet mood. Some economic data might be not as bad as expected, but they’re giving no lift to sentiments. Dollar attempted for a rebound overnight but there was apparently no follow through buying. Gold’s dip was a positive sign for the greenback but there was no follow through selling [

<p>Markets continue to staying in tight range today as consolidations continue. There is still no end in sight regarding the coronavirus pandemic, with confirmed cases breaking 800k handle, and deaths above 39k. Movements in the major stock indexes are mild based on recent standard. WTI crude oil is back above 22 handle after earlier dip [&he

<p>Markets are generally directionless in Asian session today. Strong rebound in China PMIs somewhat fails to lift sentiments. As the origin of the coronavirus pandemic, China could be the first country to come out of it. Yet, one month of data is insufficient to confirm recovery, as the world is still under severe health and […]

<p>Global financial markets are generally quiet today. Stocks quickly pared back some of initial losses even though major indices are staying in red. US futures suggest that there is no clear direction for now. Dollar recovers generally and appears to be gathering momentum entering into US session. Yen, Swiss Franc and Sterling are not too [&

<p>China’s official PMIs sharply rebounded in March. Manufacturing PMI jumped to 52, from a record low of 35.7 in February. The non-manufacturing index rose to 52.3, from a record low of 29.6 in February. We suggest to interpret the data with caution as the qualitative nature of the survey might have masked the actual situation […]

<p>Daily Pivots: (S1) 1.4055; (P) 1.4119; (R1) 1.4238; More&#8230;. USD/CAD&#8217;s break of 1.4275 minor resistance suggests that corrective pull back from 1.4667 has completed at 1.3920. Intraday bias is back on the upside for retesting 1.4667/4689 resistance zone. On the downside, in case of another fall, downside should be contain

<p>Pivot (invalidation): 1.4060 Our preference Long positions above 1.4060 with targets at 1.4135 & 1.4175 in extension. Alternative scenario Below 1.4060 look for further downside with 1.4010 & 1.3970 as targets. Comment The RSI calls for a rebound.</p> <p>The post <a rel="nofollow" href="https://www.a

<p>Pivot (invalidation): 0.9640 Our preference Short positions below 0.9640 with targets at 0.9590 & 0.9570 in extension. Alternative scenario Above 0.9640 look for further upside with 0.9665 & 0.9685 as targets. Comment A break below 0.9590 would trigger a drop towards 0.9570.</p> <p>The post <a rel="nofollow&qu

<p>Pivot (invalidation): 108.10 Our preference Short positions below 108.10 with targets at 107.25 & 106.90 in extension. Alternative scenario Above 108.10 look for further upside with 108.70 & 109.05 as targets. Comment The upward potential is likely to be limited by the resistance at 108.10.</p> <p>The post <a rel=&

<p>Pivot (invalidation): 1.2355 Our preference Long positions above 1.2355 with targets at 1.2440 & 1.2480 in extension. Alternative scenario Below 1.2355 look for further downside with 1.2295 & 1.2240 as targets. Comment A support base at 1.2355 has formed and has allowed for a temporary stabilisation.</p> <p>The post &