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<p>EUR/AUD surged to as high as 1.9799 last week, then formed a short term top there and treated. Initial bias stays neutral this week for more consolidations. Downside should be contained by 61.8% retracement of 1.6085 to 1.9799 at 1.7504 to bring rebound. On the upside, break of 1.9799 will resume larger up trend. In […]

<p>EUR/CHF edged lower again last week with very weak downside momentum. Overall outlook remains unchanged. With 1.0710 resistance intact, further decline is expected. Current down trend should target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394 next. However, on the upside, break of 1.0710 will indicate short term bottoming. Str

Gold has recovered after the "sell-everything" mode in global markets battered by the coronavirus outbreak. The precious metal is a safe-haven asset a

Italy, the world’s worst-affect country by the coronavirus pandemic, reported a massive jump in the number of deaths that rose by 793 to 4,825 on Satu

<p>Bets on oil and precious metals futures fell across the board. According to the CFTC Commitments of Traders report for the week ended March 17, NET LENGTH for crude oil futures jumped +52 840 contracts to 440 237 for the week. Speculative long positions fell -14 748 contracts while shorts slumped -67 588 contracts. For […]

cite unnamed government sources for Finance Minister Olaf Scholz says the debt ceiling will be raised. Reuters On the stimulus package: – will include a supplementary government budget of 156bn euros Totalling those up comes to 750bn EUR.

Larry Kudlow, director of the U.S. National Economic Council, spoke before heading into further negotiations: – Said the economic stimulus package under negotiation will total more than $2 trillion. —

Reserve Bank of New Zealand&nbsp; Governor Orr writing in on Sunday. NZ media Some of his key points: Similar steps have been taken by central banks around the globe.&nbsp;

Australian Prime Minister (PM) Scott Morrison said in Canberra on Sunday, the government will pump in A$66.4 billion ($38.50 billion) into the economy

In an editorial article for a New Zealand media outlet on Sunday, the Reserve Bank of New Zealand (RBNZ) Governor Orr said: “we are ready to act furth