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<p>Asian markets turn softer today as boost from US stimulus package fades very quickly. Focus will instead turn to BoE rate decision and US jobless claims. In particular, the latter would reveal how serious the initial impact of coronavirus outbreak in the US is. In the currency markets, commodity currencies turn generally softer today as [&

<p>We all knew it’d be bad, but the record 3.28 million people filing for unemployment insurance is still an arresting figure, and, like the first glimpse of the big shark, it puts the scope of the crisis in perspective. We’re Gonna Need a Bigger Boat and a Bigger Vertical Axis Initial jobless claims, or the […]

<p>Jobless Claims Demolishes Records, Dollar Holds on to Losses, BOE Snooze Fest, Oil is Stuck in a Range, Gold Rises The main economic event of the week confirmed what everyone was dreading, the unemployment crisis in America could rival what happened in the Great Depression. Jobless claims were filed by 3.28 million, demolishing its prior [

<p>USDCHF is extending its downside correction off the 0.9900 peak past the fresh low of 0.9717 and into the Ichimoku cloud slightly underneath. Aiding this move is the recent bearish crossover within the declining Ichimoku lines and the strengthening negative demeanour in the short-term oscillators. The MACD is descending under its red trigg

<p>US jobless claims were off the charts at 3.28 million last week Increase of 3 million from the previous week (nearly 2% of labour force) $2 trillion stimulus package includes badly-needed enhancements to unemployment benefits Today’s initial claims figure was at the upper end of the wide range of market expectations. In any case, it&

<p>The USD weakened yesterday, against a number of other currencies, as the market is in expectation of the initial jobless claims figure for the past week. Estimations run high and forecasts vary significantly as the coronavirus outbreak worsens in the US, businesses close and workers are laid off. Analysts tend to note that bad numbers [&he

<p>The euro currency is continuing to gain traction above the 1.0900 level against the US dollar, as the greenback continues to come under heavy selling pressure. Gains towards the 1.1060 level is possible if bulls can hold price above the 1.0930 support area. It is also noteworthy that the 1.0980 and 1.1020 levels offer strong […]

<p>The British pound has continued to rise against the US dollar, with the pair testing towards the 2019 trading low, around the 1.1950 level. Technical analysis shows that gain above the 1.1950 level could see the EURUSD pair rallying towards the 1.2200 resistance area. Failure to surpass the 1.1950 level could see the GBPUSD pair […]

<p>On Wednesday, the EUR/USD currency pair raised to the upper boundary of the rising wedge pattern. During today&#8217;s morning, the pair broke the upper channel line. From the one hand, it is likely that some upside potential could prevail in the market, and the exchange rate could target the weekly R1 located at 1.1080. However, [&hel

<p>Yesterday, the GBP/USD exchange rate revealed the upper wedge pattern. During Thursday morning, the rate was trading in the 1.1900 area. From the theoretical point of view, it is likely that the currency pair could continue to trade within the given pattern. In this case the pair could reach the 1.2000 level. It is unlikely […]