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<p>The euro currency maintains a strong bullish momentum, with price action surging close to one percent on Friday. The common currency closed at 1.1132 and is now likely to challenge the 16th March levels near 1.1200. But given the sharp rebound, there is scope that the euro could slip back to form a floor in […]

<p>The British pound has staged a major comeback against the US dollar currency, with the pair rallying towards the 1.2500 resistance area. The MACD indicator is showing that bullish price divergence could see the GBPUSD pair testing towards the 1.2600 level. To the downside, technical pullbacks in the GBPUSD pair are expected to find strong

<p>The euro currency has turned technically bullish against the US dollar after closing the week above its key 200-day moving average. EURUSD bulls could target the 1.1350 resistance level if they continue to gain traction above the 1.1100 level. Any technical corrections in the EURUSD pair this week are expected to find strong buying interes

<p>Bitcoin is coming under increasing downside pressure on Monday after the number one cryptocurrency broke below the $6,500 level. Now that support has been broken the BTCUSD pair is at risk of dropping towards the $5,500 technical area over the short-term. Traders should also note that the $6,000 level is likely to act as a […]

<p>The price of crude oil dropped by more than 3% as investors continued to worry about demand. With most planes not flying, and with most people in the developed world staying at home, investors worry that demand will drop faster than expected. Meanwhile, investors are concerned that Saudi Arabia has expressed no signs that it […]

<p>General Trend: Japanese equities lag in Asia amid heavy session for ex-dividends, financials trade generally lower; Japan’s fiscal year is due to end on March 31st (Tuesday) Australian equities rise after the over 5% losses seen on Friday, sectors moving higher include Consumer Staples and Financials Shanghai Composite declines over 1.5% i

<p>For the 24 hours to 23:00 GMT, the EUR rose 0.82% against the USD and closed at 1.1133 on Friday. In the US, personal income rose 0.6% on a monthly basis in February, more than market expectations for an advance of 0.4% and compared to a rise of 0.6% in the previous month. Additionally, personal […]

<p>For the 24 hours to 23:00 GMT, the GBP declined 4.32% against the USD and closed at 1.2465 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.2383, with the GBP trading 0.66% lower against the USD from Friday’s close. The pair is expected to find support at 1.2191, and a […]

Massive liquidity support from the Fed and others now suggest we are leaving the crisis phase, meaning other drivers than dollar scarcity are set to b

After market close on Friday, Fitch downgraded the UK's Long-Term credit rating one notch to AA-, with a negative outlook. The news may dent the pound