Blogs

<p>The Euro stands at the front foot on Wednesday and probes again above pivotal Fibo barrier at 1.0838 (23.6% of 1.1494/1.0635 fall) following Tuesday’s failure to clearly break above, despite spike to 1.0887. The sentiment has improved on action of global central banks to cushion strong negative impact from corona virus pandemic, with

<p>Notes/Observations US Senate reached a bipartisan agreement on virus stimulus plan Coronavirus and fiscal stimulus-related headlines remain in focus Asia: China PBOC said to be in talks to cut rate that banks pay on savings accounts, might even cut the key one-year Deposit Rate in coming days BOJ Summary of Opinions from March 16th emergen

<p>The US dollar continues to rise against the Japanese yen currency, with the pair testing towards the current monthly high, around the 111.50 level. USDJPY bulls may test towards the 112.20 level if they start to overcome to 111.50 resistance area. An extremely large inverted head and shoulders pattern will form if the USDJPY pair […

<p>Bitcoin is maintaining its recent strong bid-tone, with the number one cryptocurrency being bought on any meaningful dips. The $6,500 level is now offering key technical support in the short-term and a key area to watch during the US trading session. A sustained technical breakout above the $6,850 level could see the BTCUSD pair rallying [

<p>Global stocks rebound sharply as Democrats and Republicans agree on $2 trillion stimulus package But has the market truly bottomed, or is this another dead cat bounce? In FX, risk-taking is back – commodity currencies recover as dollar and yen retreat Is gold turning the corner? Epic turnaround for stocks Global markets staged a heroic [&h

<p>The Eurozone single currency surged by 162 pips or 1.37% in value against the Japanese Yen on Tuesday. The currency pair breached the upper boundary of a dominant descending channel during yesterday’s trading session. Everything being equal, the EUR/JPY exchange rate will most likely continue its upside momentum. A breakout through t

<p>The Australian Dollar edged higher by 110 pips or 1.88% in value against the US Dollar on Tuesday. The currency pair breached the 200– hour simple moving average during yesterday’s trading session. All things being equal, the exchange rate will most likely continue to edge higher until it reaches the upper boundary of an ascending [&

<p>The US Dollar has declined by 210 pips or 1.45% in value against the Canadian Dollar since yesterday’s trading session. A breakout occurred through the lower boundary of an ascending channel pattern on Wednesday morning. Given that a breakout had occurred, the USD/CAD exchange rate will likely continue to slide lower. Bearish traders

<p>The New Zealand Dollar has surged by 162 pips or 2.83% in value against the US Dollar since yesterday’s trading session. The currency pair breached the 200– hour simple moving average at 0.5859 on Wednesday. As for the near future, the NZD/USD exchange rate could continue to slide higher until it reaches a resistance level […]

<p>The analogies with the times of the Great Depression are still with us. The American market spiked yesterday by 9.4% on the SP 500 and by 11.4% on Dow Jones. Dow showed its largest one-day gain since 1933. It took a couple of weeks in 2020 to move from the biggest collapses, like in 1929 […]