<p>Bitcoin could see a strong downside correction this week after the number one cryptocurrency was forcefully rejected from the $7,000 level. Short-term BTCUSD sellers may test towards the $4,900 level if a breakout below the $5,500 support level takes place. Gains above the $7,000 level will likely see bulls testing towards the $7,800 and p
Currencies: USD Rally Taking A Breather Going Into The Weekend
<p>Rates: German 10-yr yield tests -0.15 resistance Peripheral bonds rallied yesterday after the ECB’s additional €750bn QE announcement, but ended off their best intraday levels. The German 10-yr yield tested -0.15% resistance as the German government is slowly moving in the direction of loosening fiscal rules. Will we get a G7 wee
EUR/USD Turning Up
<p>Pivot (invalidation): 1.0650 Our preference Long positions above 1.0650 with targets at 1.0780 & 1.0830 in extension. Alternative scenario Below 1.0650 look for further downside with 1.0600 & 1.0560 as targets. Comment The RSI is bullish and calls for further upside.</p> <p>The post <a rel="nofollow" href
GBP/USD Rebound Expected
<p>Pivot (invalidation): 1.1550 Our preference Long positions above 1.1550 with targets at 1.1720 & 1.1795 in extension. Alternative scenario Below 1.1550 look for further downside with 1.1470 & 1.1405 as targets. Comment The RSI calls for a rebound.</p> <p>The post <a rel="nofollow" href="https://www.a
Gold flirting with daily lows, near $1490 region
Gold held on to its weaker tone through the early European session on Monday and is currently placed near the lower end of its daily trading range, be
Brazil: Policy rate at 5.00% by end 2021 – Rabobank
The BRL posted on Thursday an all time low of 5.1084 per USD. Strategists at Rabobank analyze the outlook for the Brazilian economy. Key quotes “We ke
Coronavirus: USD will strenghten further in the near-term – Danske Bank
Thomas Harr, PhD, Global Head of FI&C Research at Danske Bank, analyzes the depth of the current recession, the chance that it will be short-lived and
New Zealand: RBNZ announces huge QE – ANZ
This morning the RBNZ announced that it would conduct large-scale asset purchases of New Zealand Government bonds (‘QE’), following similar moves by g
GBP/USD: Failing to stage a significant recovery
GBP/USD is floating in a low range, failing to stage a meaningful recovery. Monday's four-hour chart is pointing to further losses, as FXStreet’s Yoha
US Dollar Index remains bid above 102.00
The greenback, in terms of the US Dollar Index (DXY) has started the week on a positive footing, managing to test the area of 2020 highs just below 10