Joining the chorus of interest rate actions, the South African Reserve Bank reduced interest rates to 5.25%, down 100 basis points.
Is the US about to join OPEC++ ?
OPEC is talking with shale producers US officials are talking to OPEC about some kind of oil production truce, according to the WSJ. U.S. oil industry regulators are set to open a dialogue with OPEC on Friday in talks that could help foster a truce between the world's three largest oil producers and potentially resolve […]
Bitcoin Forecast: Recovering in Short-term Trading
The Bitcoin market broke higher during trading on Thursday, clearing the $6000 level quite handily.
Silver Forecast: Forming Base in Short-term
Silver markets gapped to the upside during the trading session on Thursday but then pushed back and forth in rather volatile trading.
NZD/SGD: Technical Rebound Vulnerable to Fresh Breakdown
New Zealand and Singapore announced initial economic stimulus measures, the latter leading the fight against Covid-19 related disruptions.
GBP/AUD: Can Short-Term Support Zone Reverse the Sell-Off?
After the Bank of England announced its second unscheduled emergency interest rate cut in March,
EUR/USD: Short-Covering Rally to Follow Momentum Recovery
Due to the financial meltdown in response to Covid-19, a liquidity crunch forced inflows into the US Dollar, providing a short-term boost to price action.
Gold Forecast: Markets to Continue Building Base
Gold markets have gone back and forth during the trading session on Thursday, as we continue to see a lot of confusion about what to do next.
WTI Crude Oil Forecast: Market is Oversold
The West Texas Intermediate Crude Oil market has gapped higher to kick off the Thursday session before breaking above the $25 level.