Crude oil prices got an initial boost on hopes that a massive coronavirus stimulus and assistance program would pass the Senate. It has, but the prospect of serious labor market weakness has hit ri…
Blogs
EUR/USD Rate Carves Higher Highs and Lows as Bearish Momentum Abates
EUR/USD may stage a larger recovery as the bearish momentum abates, with the Relative Strength Index (RSI) reversing course ahead of oversold territory.
Australian Dollar, Stocks Brace for Multi-Million US Jobless Claims
The Australian Dollar, stocks, and other growth-geared assets have been buoyed by huge stimulus efforts to offset the coronavirus’ economic hit. Grim US jobless claims data may see those gains wipe…
How Do Politics and Central Banks Impact FX Markets?
Foreign exchange – or “forex” – markets often pay close attention to politics and central bank policy. We offer a model for traders to gauge their impact on exchange rates.
NZD/USD Forecast: Bear Flag Takes Shape, RSI Retains Bearish Formation
The recent rebound in NZD/USD may unravel as a bear flag formation takes shape, while the RSI continues to track the downward trend from earlier this year.
Canadian Dollar Rose, USD/CAD Uptrend Held. Virus Bill Vote Delayed?
The Canadian Dollar rose but USD/CAD maintained its upward trajectory. This is as the US Dollar is gaining with an immediate vote on the virus relief bill appearing to be delayed.
Nikkei 225 Forecast for the Week Ahead
The Nikkei 225 has rebounded alongside other equity markets as investors grapple with the unprecedented stimulus packages offered by different governments. Can bulls continue the rally?
US Dollar Pulls Back from Three-Year-Highs: EUR/USD, GBP/USD, AUD/USD
The US Dollar put in a huge breakout over a ten-day-span. DXY has since found resistance and posed a 23.6% pullback, but are buyers reloading for more gains?
FX option expiries for Thursday March 26 at the 10am NY cut
EUR/USD USD/JPY GBP/USD ForexLive
BOE leaves bank rate unchanged at 0.10%
BOE announces their latest monetary policy decision – 26 March 2020 – Bank rate 0.10% – Gilts purchase target £645 billion (unchanged) – Corporate bond target £10 billion (unchanged)