According to an interview with French outlet, WanSquare Adding that the ECB intends to be a "operational, fair and significant" actor in the commercial paper market; while saying that the central bank has not deployed such firepower before to support the economy.

<p>France PMI Manufacturing dropped to 42.9 in March, down from 49.7, hitting a 86-month low. PMI Services plummeted to 29.0, down from 52.6, hitting series low. PMI Composite dropped to 30.2, down from 51.9, also a record low. The data suggested that French private sector activity contracted at the sharpest rate in nearly 22 years […]

<p>German PMI Manufacturing dropped to 45.7 in March, down from 48.0, hitting a 2-month low. PMI Services dropped to 34.5, down from 52.5, a record low. PMI Composite dropped to 37.2, down from 50.7, a 133-month low. Commenting on the flash PMI data, Phil Smith, Principal Economist at IHS Markit said: “The unprecedented collapse in [&he

<p>Eurozone PMI Manufacturing dropped to 44.8 in March, down from 49.2, hitting a 92-month low. PMI Services dropped to 28.4, down from 52.6, hitting a record low. PMI Composite dropped to 31.4, down form 51.6, hitting a record low too. Commenting on the flash PMI data, Chris Williamson, Chief Business Economist at IHS Markit said: […]

<p>The Australian Dollar has appreciated by 257 basis points or 4.49% in value against the US Dollar since yesterday’s trading session. A breakout through the upper boundary of a descending channel pattern occurred on Tuesday morning. Given that a breakout had occurred, the AUD/USD exchange rate will most likely continue its bullish mom

<p>The single European currency versus the Japanese Yen rebounded from the monthly support level at 117.89 on Monday. As a result, the currency pair surged by 212 basis points or 1.78% in value during yesterday’s trading sessions. As for the near future, the exchange rate will most likely continue to trade bullish. A breakout through [&

<p>The precious metal made solid gains on Monday, rising close to 3% intraday. The gains came as the Fed announced its open-ended asset purchases. Technically, the rebound is, however, met with a hidden bearish divergence. This means that price action could give back the gains rather quickly. On the contrary, if XAUUSD forms a base […]

<p>Crude oil prices are modestly weaker, down over 5% on the day. This comes as price action is back to testing the support level of 22.00. Given that this is a key price level, a break down lower could trigger further losses. However, oil price action is looking to be at a critical point. The […]

<p>The British pound is trading weaker once again, down over 1.5% intraday. The declines erase the modest gains from late last week. As price action tests the support area of 1.1477, this level is now at risk. A break down below this support region could see the GBPUSD falling to fresh lows. However, watch the […]

<p>The euro has stabilized as price action remains within the confines of 1.0787 and 1.0663. With the possibility of a double bottom in place near 1.0663, the bias is looking to the upside. However, unless the range is breached, we do not expect to see much movement. On the contrary, this could expose the downside […]