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<p>Gold prices marked a modest recovery, rising 1.71% into Friday’s session close. With the lower levels seeing higher demand, XAUUSD is firmly trading above the 1462 and 1483 levels. The upside correction in the near term could see XAUUSD rising back to test the 1534 region, with further breakout likely to send gold towards the [&helli

<p>Crude oil prices fell over 6% into Friday’s close following a brief rally to the 28.00 handle which previously marked a bottom. Following the declines down to the 22.00 handle, price action is close to this level. A break down below 22 could see WTI crude oil pushing through into new lows. The minor trend […]

<p>The pound sterling gave back some of the gains from last Thursday as a result of the BoE rate cut. Price action is lower again, but a bottom looks to be in place at 1.1497. With the resistance level at 1.2000, we expect the GBPUSD to consolidate with these levels for now. The pound managed […]

<p>The euro managed to recover slightly into Friday’s close, but is still down over 7% from the 9 th of March close of 1.1470. Price action on the 4-hour chart shows a double bottom pattern in place. This suggests a possible upside breakout. The bullish divergence also builds up to the upside bias. A breakout […]

<p>Stocks heading lower as Corona spreads Global equities continue falling into a bottomless pit as the coronavirus death toll rises, bringing along more travel restrictions and lockdowns across the globe. And it appears that the colossal support packages mobilized by central banks and governments won’t suffice to better the investor mood, if

<p>The GBP/USD is still bearish. The price is below W H3 pivot 1.1877 which accounts for a strong bearish intra week trend. If the GBP/USD makes a close below the MID ATR pivot 1.1620 we should see a continuation of the bearish move towards next pivot points. Next targets are 1.1520 and 1.1480. 1.1319 is […]

<p>Pivot (invalidation): 23.80 Our preference Short positions below 23.80 with targets at 21.70 &#38; 20.50 in extension. Alternative scenario Above 23.80 look for further upside with 24.40 &#38; 25.40 as targets. Comment Technically the RSI is below its neutrality area at 50.</p> <p>The post <a rel="nofollow"

WTI (oil futures on NYMEX) remains stuck in a $1 tight range so far this Monday, consolidating the recovery from early Asia drop to 20.80 levels. The

Neil Shearing, a Chief Economist at Capital Economics, analyzes the implications of the coronavirus outbreak for the global economy. Key quotes “We th

Surge in uncertainty has coincided with a plunge in the kiwi. Analysts at Westpac Institutional Bank expect further downside pressure on the NZD/USD p