GBP/USD witnessed some aggressive short-covering move on Friday. Haresh Menghani, an analyst at FXStreet, takes a look at the cable’s technical pictur
US: Real GDP to contract by 24% in Q2 2020 – Goldman Sachs
US: Real GDP to contract by 24% in Q2 2020 – Goldman Sachs more to come …
AUD/USD: Some consildation slightly above 0.57 – OCBC
AUD/USD bounce’s on Friday did not breach 0.6000, effectively keeping the downside momentum intact, according to analysts at OCBC Bank. Key quotes “Ex
EUR/USD: 35-year uptrend breached – Commerzbank
EUR/USD has eroded the 35 year uptrend at 1.0782/74 on a weekly basis. Karen Jones from Commerzbank analyzes the EUR/USD pair technically. Key quotes
Germany's IFO: Coronavirus crisis to cost economy between EUR255-729 bln in 2020
Germany's influential IFO institute said in a report on Monday, the coronavirus crisis could cost economy between EUR 255 bln and 729 bln this year, d
AUD/USD trades with modest losses, holds above mid-0.5700s
The AUD/USD pair traded with a mild negative bias on Monday, albeit has managed to hold above the Asian session swing lows to the 0.5700 mark. Followi
Nikkei 225 closes higher by 2.02% at 16,887.78
The Nikkei is the exception to the rule to start the trading week Elsewhere in the region, it is but a bloodbath as the Hang Seng is down by over 4% with Chinese equities seeing over 2% losses on the day.
Trade ideas thread – European session 23 March 2020
Daily thread to exchange ideas and to share your thoughts The dollar is on the back foot to start the day but much like Friday, things can quickly turn on its head in this kind of market as volatility remains heightened and there are still ongoing worries surrounding the coronavirus outbreak globally.
European pre-market: Dollar softer amid risk-off mood
The dollar is keeping lower for the most part to start the session ForexLive Asian equities are rotting today with the Hang Seng closing in on 5% losses with Chinese equities having just extended losses to over 3% ahead of the close. Meanwhile, India's Sensex index is down by nearly 12% as stocks take a […]
Yen May Gain as Weekend Dow Jones Futures Fall, NZD Eyes RBNZ Stimulus
The Japanese Yen may gain with weekend Dow Jones futures pointing lower into Monday’s session. NZD/USD could fall after the RBNZ announced a bond-buying program to support growth.