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According to an interview with French outlet, WanSquare Adding that the ECB intends to be a "operational, fair and significant" actor in the commercial paper market; while saying that the central bank has not deployed such firepower before to support the economy.

<p>The euro currency in on the rise against the US dollar as traders continue to sell the greenback after the US Federal Reserve announced an aggressive bond buying scheme. The EURUSD pair could start to target the 1.1000 resistance level if bulls gain traction above the 1.0930 level. Only weakness below the 1.0780 level would […]

<p>Bitcoin is staging a major rally during the European trading session, with the number one cryptocurrency moving towards the $6,900 level. Traders should note that a bearish lower weekly high will form if the BTCUSD pair fails to move above the $7,000 level. A breakout above the $7,000 level could see the BTCUSD pair advancing […]

<p>Dollar inches down as Fed goes all out, announces unlimited QE and expands purchase universe Wall Street closes lower, unimpressed by Fed – but set to recover today as Congress moves closer to a deal In broader FX market, the retreating dollar lifts all other boats Fed drops equivalent of hydrogen bomb on markets The […]

<p>WTI crude oil futures have been consolidating within a narrow range over the last week with upper boundary the 23.6% Fibonacci retracement level of the downward wave 54.70-20.50 at 28.58 and lower boundary the multi-year low of 20.50. This sideways move is confirmed by the technical indicators. The RSI is flattening near its 50 level, [&he

<p>European stock markets are back in the green on Tuesday, up around 4%, in what is becoming a normal move in these quite extraordinary times. It’s been an incredibly turbulent month, one in which central banks and governments have been forced to announce extreme measures to combat the coronavirus crisis. Despite all of this stimulus,

<p>The euro has stabilized as price action remains within the confines of 1.0787 and 1.0663. With the possibility of a double bottom in place near 1.0663, the bias is looking to the upside. However, unless the range is breached, we do not expect to see much movement. On the contrary, this could expose the downside […]

<p>The British pound is trading weaker once again, down over 1.5% intraday. The declines erase the modest gains from late last week. As price action tests the support area of 1.1477, this level is now at risk. A break down below this support region could see the GBPUSD falling to fresh lows. However, watch the […]

<p>Crude oil prices are modestly weaker, down over 5% on the day. This comes as price action is back to testing the support level of 22.00. Given that this is a key price level, a break down lower could trigger further losses. However, oil price action is looking to be at a critical point. The […]

<p>The precious metal made solid gains on Monday, rising close to 3% intraday. The gains came as the Fed announced its open-ended asset purchases. Technically, the rebound is, however, met with a hidden bearish divergence. This means that price action could give back the gains rather quickly. On the contrary, if XAUUSD forms a base […]