Blogs

<p>Notes/Observations Risk aversion sentiment picked up in Asia after US Senate coronavirus bill did not get enough votes to clear first procedural hurdle Central Bank continued to dust off many non-conventional tools developed since the last crisis but the magnitude of the today’s situation appears greater than in past crises Lockdown measur

<p>The Euro eased in early European trading on Monday as dollar regains traction and leaves a little space for Euro’s recovery after steep fall in past two weeks. Strong recovery rejection on Friday at 1.0830 and inability to hold above 1.07 level adds to negative signals, as massive bearish weekly candle (4.4% weekly fall) weighs [&hel

<p>The EUR/USD currency pair Technical indicators of the currency pair: Prev Open: 1.06560 Open: 1.07030 % chg. over the last day: -0.06 Day&#8217;s range: 1.06357 – 1.07867 52 wk range: 1.0777 – 1.1494 The EUR/USD currency pair is traded in a flat. There is no defined trend. Investors are waiting for additional drivers. Currently, EUR/US

<p>AUDUSD has been underperforming in the past two days, breaking back below the 23.6% Fibonacci retracement level of the down leg from 0.6685 to 0.5506 at 0.5783. When looking at the bigger picture, the pair has a clear downside trend and has been moving below the short-term simple moving averages (SMAs). Considering the momentum indicators,

<p>Bitcoin has had a soft start to the new trading week, with the number one cryptocurrency remaining capped below the $6,000 level. Cryptocurrency bears may use any rallies back towards the $6,430 level as an opportunity to sell the BTCUSD pair. At this stage, bulls need to close the daily candle above the $7,000 level […]

<p>The US dollar is testing towards the 110.00 support level against the Japanese yen currency after a soft start to the new trading week. Bearish MACD price divergence is warning that the USDJPY pair could soon fall back towards the 106.00 support level. Overall, continued failure to surpass the 111.50 resistance level should be seen [&helli

<p>On Friday, the EUR/USD currency pair re-tested the support level formed by the monthly S2 at 1.0650. During today’s morning, the pair was trading near the given support. Note that the exchange rate is pressured by the 55-hour SMA near 1.0750. Thus, some downside potential could prevail in the market. In this case the rate […]

<p>At the end of last week, the GBP/USD exchange rate tried to surpass the 100-hour SMA near 1.1900. During Monday morning, the rate was trading near 1.1600. Given that the currency pair is pressured by the 55-hour SMA near 1.1630, it is likely that some downside potential could occur. In this case the pair could […]

<p>On Friday, the USD/JPY currency pair touched the 111.50 level. During today’s morning, the pair was testing the support provided by the 55-hour SMA near 110.20. If the given moving average holds, it is likely that some upside potential could prevail in the market, and the exchange rate could exceed the psychological level at 112.00.

The suspension of the European Union's budget rules are endorsed by the bloc's governments, Bloomberg reported on Monday, citing sources familiar with