<p>European stock markets are back in the green on Tuesday, up around 4%, in what is becoming a normal move in these quite extraordinary times. It’s been an incredibly turbulent month, one in which central banks and governments have been forced to announce extreme measures to combat the coronavirus crisis. Despite all of this stimulus,

<p>WTI crude oil futures have been consolidating within a narrow range over the last week with upper boundary the 23.6% Fibonacci retracement level of the downward wave 54.70-20.50 at 28.58 and lower boundary the multi-year low of 20.50. This sideways move is confirmed by the technical indicators. The RSI is flattening near its 50 level, [&he

<p>The Australian dollar regained traction and rose to session high at 0.5975 on Tuesday, driven by fresh optimism in the market on Fed&#8217;s latest measures that boosted risk appetite. Comments from US Treasury secretary that $2 trillion dollar aid package is close to be passed in the Congress add to positive sentiment along with RBA [

<p>The New Zealand Dollar has surged by 227 basis points or 4.06% in value against the US Dollar since Monday’s trading session. The currency pair tested a resistance cluster at 0.5774 during the Asian session on Tuesday. The exchange rate is currently trading near the upper boundary of a descending channel pattern at 0.5811 and [&helli

<p>The US Dollar appreciated by about 170 basis points or 1.18% in value against the Canadian Dollar on Monday. The currency pair breached the 50– and 100– hour SMAs during yesterday’s trading session. Currently, the exchange rate is trading near the bottom border of an ascending channel pattern at 1.4408. Most likely, a breakout could

The release of the US Markit PMI surveys at 13:45 GMT will be the data calendar highlight. Analysts at TD Securities share their forecast. Key quotes

UOB Group’s Economist Ho Woei Chen, CFA, assessed the recent decision by the PBoC to leave the Loan Prime Rate (LPR) unchanged last Friday. Key Quotes

<p>GBPUSD has been consolidating losses since the day it plunged to a 35-year low of 1.1409, unable to close above the 1.1675 barrier too. The momentum indicators, though, are currently encouraging that the sell-off may have found a bottom and the pair may be pushing for some recovery. The RSI and the Stochastics are pointing […]

<p>EURJPY is currently tackling the 50-day simple moving average (SMA) and the downtrend line drawn from January 16, after buyers resurfaced last week pivoting the price at the lower Bollinger band around 116.89. The pick-up in positive momentum is also reflected in the short-term oscillators. The MACD, in the negative zone, has moved above i

<p>Asian shares rebound on Fed’s unlimited QE pledge Pound shaky as UK enters coronavirus lockdown Time for Gold to rebound towards $1600? As monetary policy bazookas prove ineffective against the coronavirus-induced market chaos, central banks are taking unprecedented steps in defending their respective economies against the pandemic.