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<p>Pivot (invalidation): 1.0995 Our preference Long positions above 1.0995 with targets at 1.1055 & 1.1105 in extension. Alternative scenario Below 1.0995 look for further downside with 1.0965 & 1.0925 as targets. Comment The break above 1.0995 is a positive signal that has opened a path to 1.1055.</p> <p>The post <a

<p>Investors remain cautious amid dynamic crisis Safe havens remain supported US earnings season to test stock valuations Asian stocks are mixed while US futures are now lower, as investors struggle to justify recent gains amid the ominous global economic outlook. Still, equity markets have calmed down noticeably, with the VIX having declined

<p>Rates: ADP and manufacturing ISM first important US eco releases German Bunds traded remarkably stable yesterday with US Treausries slightly outperforming on Fed action and equity weakness. We might have entered some vacuum where monetary/fiscal stimulus currently hangs in the balance with the feared hit on the economy. US ADP employment a

<p>The US Dollar started a steady decline from well above the 110.00 level against the Japanese Yen. The USD/JPY pair traded below the 108.50 support area to move into a bearish zone. Moreover, there was a break below the 107.80 level and the 50 hourly simple moving average. Recently, there was a break below a […]

<p>The quarter limped to a relatively quiet finish overnight with Wall Street easing yet again as the COVID-19 pandemic shows no signs of slowing in the United States and Europe. Today’s PMI dump across Asia showed a mixed bag with South Korea, Japan, Thailand and Indonesia’s manufacturing PMI’s all printing just below 50. Still, in […

<p>The British pound remains under downside pressure against the US dollar, with the pair now approaching the 1.2300 support area. If the GBPUSD weakens below the 1.2200 level the final line of support for the pair is seen around the 1.2150 technical area. Overall, the GBPUSD pair needs to maintain price above the 1.2150 level […]

<p>The euro currency continues to weaken against the US dollar after the greenback strengthened broadly into the monthly price close yesterday. The EURUSD pair could test the 1.0900 support level before medium-term buying interest starts to return. Overall, a drop below the 1.0900 level could result in further losses in the EURUSD pair toward

<p>Bitcoin has a bullish short-term bias, however, the medium-term path the cryptocurrency still remains unclear at this stage. A range break from the $5,850 to $7,000 levels is currently needed before a clear medium-term directional bias will take hold. In the near-term, sellers may push price back towards the $6,000 level if they repeatedly

<p>US stocks declined yesterday to end the worst-performing quarter ever. The Dow, Nasdaq, and S&P declined by about 1% as the markets worried about the impact of Coronavirus. In total, the three have dropped by more than 20% this year, with the Dow being the worst-performer. The index has been affected by the woes affecting […]

<p>For the 24 hours to 23:00 GMT, the EUR declined 0.08% against the USD and closed at 1.1029. On the macro front, Euro-zone’s consumer price inflation slowed more-than-expected to 0.7% in March, amid fall in energy prices. In the previous month, consumer price inflation had recorded a level of 1.2%. Separately, Germany’s seasonal