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<p>On Wednesday, the XAU/USD exchange rate consolidated near the monthly PP at 1,607.96. During today’s morning, the rate maintained its consolidation. It is likely that yellow metal could gain support from the 55-hour moving average near 1,615.00. Thus, some upside potential could prevail in the market, and the rate could face the resi

<p>Stock markets are back in the red on Thursday but there is a feeling of calm currently, with the losses being seen very much in comfortable territory compared to what we&#8217;ve seen at times over the last month. The decline also follows two good days for equities and almost two weeks of more stable markets, […]

<p>Notes/Observations ECB to scrap self-imposed issuer limits used in its Pandemic Purchases Program and able to buy bonds with shorter maturities; thus having unlimited firepower to fight the economic fallout from the coronavirus Japan govt removes ‘recovery’ from its overall economic assessment for the 1st time in almost 7 years G20 leaders

<p>NZDUSD continues to consolidate within the Ichimoku cloud over the last couple of sessions, following the pullback from the eleven-year low of 0.5468. The pair remains above the bullish crossover within the 20- and 40-period simple moving averages (SMAs) in the 4-hour chart, confirming the recent upside tendency. Technically, the RSI is po

<p>Cable stands at the front foot in European trading on Thursday, following bullish signal on previous day&#8217;s close above 1.1832 (Fibo 23.6% of 1.3199/1.1409) but bulls face headwinds on approach to psychological 1.20 barrier, with near-term action being weighed by weak UK retail sales data. The pair is lacking momentum for now that

<p>US jobless claims today will reveal how much economic damage the virus has already inflicted Make or break moment for stocks – a worse than feared number could quash the recent recovery Yen leads, aussie lags as risk aversion slowly creeps back into markets US jobless data could derail the latest recovery Economic data finally […]

<p>USDJPY opened on the bearish side on Thursday after failing to lift the 111.70 resistance in the previous session, with the price dropping back below the 111.00 number and into the Ichimoku cloud. The spotlight is now turning to the ascending trendline as the RSI and the Stochastics are retreating in the bullish area. The […]

<p>GBPJPY’s pullback from the multi-year low of 123.97 appears to be displaying symptoms of weakness after reaching back to the 133.13 level, which is the 38.2% Fibonacci retracement of the down leg from 147.95 to 123.97. Backing this view is the downward sloping blue Kijun-sen line and the intact bearish mode within the Ichimoku lines. [&hel

<p>The Euro extends recovery into fifth straight day, with bullish signal generated on Wednesday’s close above 1.0838 Fibo barrier (23.6% of 1.1494/1.0635). Fresh advance cracks the base of thick daily cloud (spanned between 1.0930 and 1.1008) reinforced by daily Tenkan-sen. Penetration into daily cloud would expose next pivotal Fibo ba

All euro-zone countries have announced a massive budgetary response to the crisis but it is uncertain that governments have this unlimited budgetary c