<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

The USD/CAD pair dropped below the 1.4400 handle during the European trading hours as the USD selloff continued following the Federal Reserve's announ

After the selloff to 2009 lows, silver is bouncing sharply as the Fed announces unlimited Quantitative Easing (QE) to counter the coronavirus crisis.

The EUR/USD dropped further and printed a fresh session low at 1.0748. From the daily high it has retreated 130 pips after the US dollar managed to st

<p>The Euro benefited from Fed action and advanced 1.2% since opening in Asia, as renewed optimism boosted risk appetite. Fresh bulls broke out of two-day congestion, formed above new three-year low and generated initial positive signal on break above past two day&#8217;s highs (where strong upside rejections occurred) and Fibo barrier at

<p>Notes/Observations Optimism that US Senate on the cusp of a deal for a massive coronavirus stimulus package after settling disagreements over relief for the airline industry, beefed-up unemployment benefits and money for hospitals; vote is expected as soon as Tuesday European Mar Preliminary PMI data all slump into contraction territory (F

<p>The USD eased a bit against a basket of other currencies yesterday and especially during today’s Asian session yet remained at rather high levels. Yesterday the Fed announced an unlimited quantitative easing program and plans to support credit markets “in the amounts needed”, all in a drastic move. The measures include purchases of corpora

<p>Sales on global stock markets were replaced by purchases on the back of extensive liquidity support measures and asset purchases on balance sheets, launched by major central banks. On top of this, governments are increasing measures to support small businesses and large companies. These decisions lead to an increase in demand for the purch

<p>On Monday, the XAU/USD exchange rate raised to the 1,560.00 level. During today’s morning, the rate jumped to the monthly PP at 1,607.97. If the given resistance level holds, it is likely that a reversal south could occur in the nearest future. In this case it is unlikely that the price for gold could decline […]