<p>The pound sterling gave back some of the gains from last Thursday as a result of the BoE rate cut. Price action is lower again, but a bottom looks to be in place at 1.1497. With the resistance level at 1.2000, we expect the GBPUSD to consolidate with these levels for now. The pound managed […]

<p>Crude oil prices fell over 6% into Friday’s close following a brief rally to the 28.00 handle which previously marked a bottom. Following the declines down to the 22.00 handle, price action is close to this level. A break down below 22 could see WTI crude oil pushing through into new lows. The minor trend […]

<p>Gold prices marked a modest recovery, rising 1.71% into Friday’s session close. With the lower levels seeing higher demand, XAUUSD is firmly trading above the 1462 and 1483 levels. The upside correction in the near term could see XAUUSD rising back to test the 1534 region, with further breakout likely to send gold towards the [&helli

<p>It’s frightening how normal it feels to wake up on Monday morning and see markets flashing red and down another 5%. That is the world we live in now though, with the number of confirmed cases and deaths spiking around the world and the worst still yet to come. Governments and central banks, to their […]

<p>The world markets start the week with a decline. Futures on US indices were again close to the limit-down, losing about 5% against Friday’s closing levels, but subsequently reduced the decline to 2.2%. Democrats bloc new emergency stimulus package by about $2 trillion (about 10% of GDP) that launched a new wave of pressure in [&helli

Neil Shearing, a Chief Economist at Capital Economics, analyzes the implications of the coronavirus outbreak for the global economy. Key quotes “We th

WTI (oil futures on NYMEX) remains stuck in a $1 tight range so far this Monday, consolidating the recovery from early Asia drop to 20.80 levels. The

<p>Pivot (invalidation): 23.80 Our preference Short positions below 23.80 with targets at 21.70 &#38; 20.50 in extension. Alternative scenario Above 23.80 look for further upside with 24.40 &#38; 25.40 as targets. Comment Technically the RSI is below its neutrality area at 50.</p> <p>The post <a rel="nofollow"

<p>The GBP/USD is still bearish. The price is below W H3 pivot 1.1877 which accounts for a strong bearish intra week trend. If the GBP/USD makes a close below the MID ATR pivot 1.1620 we should see a continuation of the bearish move towards next pivot points. Next targets are 1.1520 and 1.1480. 1.1319 is […]

Latest data released by the SNB – 23 March 2020 – Domestic sight deposits CHF 512.4 bn vs CHF 505.9 bn prior ForexLive The prior week's release can be found . The SNB certainly shows that they mean business as overall sight deposits climb quite considerably as compared to the rise in recent weeks, and […]