The suspension of the European Union's budget rules are endorsed by the bloc's governments, Bloomberg reported on Monday, citing sources familiar with
USD/JPY Supported By 55-Hour Sma
<p>On Friday, the USD/JPY currency pair touched the 111.50 level. During today’s morning, the pair was testing the support provided by the 55-hour SMA near 110.20. If the given moving average holds, it is likely that some upside potential could prevail in the market, and the exchange rate could exceed the psychological level at 112.00.
GBP/USD Could Go Downwards
<p>At the end of last week, the GBP/USD exchange rate tried to surpass the 100-hour SMA near 1.1900. During Monday morning, the rate was trading near 1.1600. Given that the currency pair is pressured by the 55-hour SMA near 1.1630, it is likely that some downside potential could occur. In this case the pair could […]
Hungary: NBH uncomfortable with EUR/HUF above 340 – TDS
The NBH has made it clear that it is getting increasingly uncomfortable with EUR/HUF above 340. The pair is now trading at 355.0475. Analysts at TD Se
USD/CHF drops below 0.9800 as USD selloff continues
The USD/CHF pair climbed higher toward the 0.9900 handle during the European trading hours but lost its traction in the second half of the day followi
European Monetary Union Consumer Confidence came in at -11.6, above forecasts (-14.2) in March
European Monetary Union Consumer Confidence came in at -11.6, above forecasts (-14.2) in March
WTI under pressure near $22.00 /bbl
Prices of the American benchmark for the sweet light crude oil have started the week on the defensive, adding to Friday’s pullback and revisiting the
Coronavirus: You know war means this – Rabobank
The world has declared war on COVID-19: this has major implications for markets, according to analysts at Rabobank. Key quotes “In short, we aren’t fi
Silver Price Analysis: XAG/USD bounces off 2020 lows, challenges $13.00/oz
After the slump to 2009 lows, silver is bouncing while below the 13.00 figure. However, XAG/USD could remain vulnerable to the downside. The Fed announces unli
Canadian PM Trudeau: C$5 billion in additional lending capacity for farmers and producers
Canada is opening up 5 billion CAD in additional lending capacity for farmers and producers, Canadian Prime Minister Trudeau announced on Monday while