<p>PMI data released together generally showed a disastrous picture in the service sectors around the world, due to coronavirus pandemic and the measures to contain it. Nevertheless, these data are generally shrugged off as they’re generally expected. Reactions would likely be muted too even if the data come in worse. Instead, global st

<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>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>On Monday, the EUR/USD currency pair raised to the resistance formed by the monthly S1 and the weekly PP near 1.0850. During today’s morning, the pair was testing the given resistance. If the given resistance level holds, it is likely that some downside potential could prevail in the market. In this case the exchange rate […]

<p>The March PMIs gave a first piece of evidence that the euro area economy is heading for a steep recession. The service sector, which has so far borne the brunt of the virus containment measures, registered the sharpest fall in activity on record. The manufacturing sector – long the weak spot of European growth – […]

<p>Global markets are in the midst of a classic “Turnaround Tuesday” as we go to press, with US index futures trading near “limit up” levels, commodities rallying, and bonds trading lower across the globe. With little in the way of immediate progress on a “big bazooka” US fiscal package, the UK going on lockdown yesterday […]

<p>WTI oil eased $1 in European trading on Tuesday after attempt to extend recovery stalled at $25.64. Oil was boosted by Fed&#8217;s latest steps to bolster the economy, hit by corona virus pandemic, but $2 trillion-worth aid package is still waiting for approval of the Congress. Weaker dollar after Fed&#8217;s announcement also help

<p>Gold futures (GC) are screaming higher this morning as demand is surging.  The Exchange for Physical (EFP) market is having difficulties meeting the demand for gold for their clients, and therefore spreads between the futures market and the physical markets are blowing out. According to Investopedia, an EFP is a private agreement between t

<p>EURCHF is trading slightly above the five-year low of 1.0515, flirting with the 20-day simple moving average (SMA) and the immediate resistance at 1.0615, which coincides with the 40-day SMA. The market is remaining well below the descending trend line, creating a strong selling trend which began eleven months ago. Technically, the RSI ind

<p>US stocks are rising higher after lawmakers appear very close to finally reaching a stimulus deal and after the G7 pledged they will do whatever it takes to restore economic growth. Despite all the unprecedented stimulus from central banks and governments, a bottom is not in place. Passive investing is starting to pick up after […]