Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of March 23, 2020 here.
Trading Support and Resistance – 22 March 2020
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for Tuesday, March 23, 2020 here.
Swiss Franc is Falling Against the Greenback, Despite Dollar Supply Increase – 22 March 2020
The Swiss Franc has declined for four consecutive days against the U.S. dollar, dropping around 4.05 percent since Tuesday last week.
Coronavirus – Singapore to ban short-term visitors & through transit. 2 Australian states to shut down.
Updating a few COVID-19 developments in Asia. Singapore will not be allowing short-term visitors to enter or transit through: – and will limit the entry of work permit holders to those in essential sectors Australia's two most populous states, NSW and Victoria,
Avoid FX market relative fundamentals for now – MUFG
MUFG on the timeline for selling the US dollar MUFG Research discusses the current conditions of the FX market and notes that " Fundamentals will of course come more into play in time but only after the positioning stress is relieved and the extreme illiquidity problems subside. When that does happen and we may be […]
AUD/USD Weekly Outlook
<p>AUD/USD’s decline accelerated to as low as 0.5506 last week and recovered after hitting 0.5507 long term projection level. Initial bias remains neutral this week for consolidations first. In case of another recovery, upside should be limited by 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to bring fall resumption. On the downside,
CFTC Commitments of Traders – Traders Trimmed Bets on Commodities amidst Rising Global Uncertainty
<p>Bets on oil and precious metals futures fell across the board. According to the CFTC Commitments of Traders report for the week ended March 17, NET LENGTH for crude oil futures jumped +52 840 contracts to 440 237 for the week. Speculative long positions fell -14 748 contracts while shorts slumped -67 588 contracts. For […]
Coronavirus update: Italy reports almost 800 deaths, Russian army to send military help
Italy, the world’s worst-affect country by the coronavirus pandemic, reported a massive jump in the number of deaths that rose by 793 to 4,825 on Satu
Gold Price Analysis: Holding onto $1,493 critical to recovery in another corona-clouded week
Gold has recovered after the "sell-everything" mode in global markets battered by the coronavirus outbreak. The precious metal is a safe-haven asset a
EUR/CHF Weekly Outlook
<p>EUR/CHF edged lower again last week with very weak downside momentum. Overall outlook remains unchanged. With 1.0710 resistance intact, further decline is expected. Current down trend should target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394 next. However, on the upside, break of 1.0710 will indicate short term bottoming. Str