Blogs

<p>Yesterday, the GBP/USD exchange rate re-tested the 1.1450 level. During Tuesday morning, the rate jumped to the 1.1750 mark. It is likely that the currency pair could gain support from the 55-hour SMA near 1.1600 and continue to trade upwards in the nearest future. In this case the pair would have to surpass the weekly […]

<p>Yesterday, the USD/JPY currency pair tried to surpass the 111.50 level. During Tuesday morning, the pair was testing the support provided by the 55-hour SMA near 110.50. If the given support holds, it is likely that some downside potential could prevail in the market, and the exchange rate could exceed the 111.50 level. However, note [&hel

<p>On Monday, the XAU/USD exchange rate raised to the 1,560.00 level. During today’s morning, the rate jumped to the monthly PP at 1,607.97. If the given resistance level holds, it is likely that a reversal south could occur in the nearest future. In this case it is unlikely that the price for gold could decline […]

<p>Sales on global stock markets were replaced by purchases on the back of extensive liquidity support measures and asset purchases on balance sheets, launched by major central banks. On top of this, governments are increasing measures to support small businesses and large companies. These decisions lead to an increase in demand for the purch

<p>The USD eased a bit against a basket of other currencies yesterday and especially during today’s Asian session yet remained at rather high levels. Yesterday the Fed announced an unlimited quantitative easing program and plans to support credit markets “in the amounts needed”, all in a drastic move. The measures include purchases of corpora

<p>Notes/Observations Optimism that US Senate on the cusp of a deal for a massive coronavirus stimulus package after settling disagreements over relief for the airline industry, beefed-up unemployment benefits and money for hospitals; vote is expected as soon as Tuesday European Mar Preliminary PMI data all slump into contraction territory (F

<p>The Euro benefited from Fed action and advanced 1.2% since opening in Asia, as renewed optimism boosted risk appetite. Fresh bulls broke out of two-day congestion, formed above new three-year low and generated initial positive signal on break above past two day&#8217;s highs (where strong upside rejections occurred) and Fibo barrier at

The EUR/USD dropped further and printed a fresh session low at 1.0748. From the daily high it has retreated 130 pips after the US dollar managed to st

After the selloff to 2009 lows, silver is bouncing sharply as the Fed announces unlimited Quantitative Easing (QE) to counter the coronavirus crisis.

The USD/CAD pair dropped below the 1.4400 handle during the European trading hours as the USD selloff continued following the Federal Reserve's announ