The euro remained near two-week highs versus majority of its rivals on Thursday, on increasing bets the European Central Bank may announce it will taper its stimulus program by year-end as early as next week at the end of its policy meeting. The central bank’s chief economist Peter Praet, a close ally of President Mario […]

Gold prices rose on Thursday, propped up by a weaker dollar amid ongoing worries regarding a trade war between the U.S. and its allies. Spot gold traded 0.1 percent higher at $1,296.91 per ounce. U.S. gold futures for August delivery were almost unchanged at $1,301.30 per ounce. The dollar index, which tracks the greenback versus […]

The U.S. trade deficit slid to a seven-month low in April as exports climbed to a record high, bolstered by an increase in shipments of industrial materials and soybeans. The Commerce Department said the trade gap fell 2.1 percent to $46.2 billion, the smallest deficit since September. Data for March was revised to show the […]

The European Central Bank will discuss next week whether to halt bond purchases later this 2018, the bank’s top economist Peter Praet said on Wednesday, a hawkish rhetoric perceived preparing investors for another rollback in stimulus. After stoking growth with a massive 2.55 trillion euro bond-buying programme, ECB policy makers must make a decision on […]

U.S. government bond yields rallied along with their eurozone peers following a statement from a senior European Central Bank official indicated the central bank plans to push on with a debate next week on the schedule for ending its asset purchases. The 10-year Treasury note yield edged up 5.9 basis points to 2.975 percent, its […]

Wall Street index climbed on Wednesday, receiving a boost from financial stocks as investors focused on solid economic data and trade war concerns went to the background while the Nasdaq notched its third consecutive record closing high. The Dow Jones Industrial Average edged up 346.41 points, or 1.4 percent, to 25,146.39. The S&P 500 rose […]

European equities ended marginally changed Wednesday, with trade mostly affected by concerns over fiscal spending in Italy. The pan-European Stoxx 600 ended temporarily neutral with sectors and major bourses mixed. Italy’s FTSE MIB, which was under pressure, rebounded on Wednesday, increasing 0.26 percent. New Italian PM Minister Giuseppe Conte presented his coalition’s plans to clampdown […]

Global oil prices advanced during Asian trade after Venezuela increased their prospect of holding off some crude exports, according to people privy to the matter, but gains were limited by reports that the U.S. government had asked Saudi Arabia and other OPEC producers to boost output. Declining supply from Venezuela had powered a rally in […]

Gold prices edged up in early Asian trade on Wednesday as the U.S. dollar and Treasury Yields fell amid persistent worries regarding global trade after the U.S. hit its allies’ imports with hefty tariffs. Spot gold rose 0.2 percent at $1,297.64 per ounce at $1,297.64 per ounce. U.S. gold futures for August delivery were stable […]

The euro held steady on Wednesday as investors began to focus on the European Central Bank’s policy meeting next week, while worries that the U.S. could withdraw from its trade agreement with Canada and Mexico affected their currencies. The common currency traded at $1.1719 having risen around 0.5 percent so far this week and remaining […]

Mexico has announced new levies on U.S. imports in response to U.S. President Donald Trump’s decision to impose hefty tariffs on imports of steel and aluminum. The peso fell on Tuesday after Mexico imposed tariffs on U.S. products including bourbon, apples, potatoes, cheese, and pork in retaliation to the steel duties. Mexico’s peso was down […]

Expansion of activity in the U.S. services sector sped up in May, indicating a strong economic growth in the second quarter. However, trade tariffs and limited workers posed a risk to the robust outlook. The Institute for Supply Management said its non-manufacturing activity surged 1.8 points to 58.6, snapping three consecutive monthly declines. The reading […]

U.S. government bonds edged up on Tuesday, driving down yields and helping to ease a bond-market selloff observed at the beginning of the week, as solid economic data were countered by concerns over the newly established Italian government’s policy agenda. The 10-year Treasury note yield fell 2.2 basis points to 2.917 percent. The two-year note […]

The Nasdaq reached a record closing high for the second straight day of trading on Tuesday, powered by tech and consumer discretionary shares, while the euro rebounded after Italy’s new prime minister said the government had never thought of leaving the eurozone as an option. The Dow Jones Industrial Average edged up 13.71 points, or […]

News: As lunch approaches, Europe’s stock markets are still slightly lower today. FTSE 100: down 33 points or 0.5% at 5793 German DAX: down 44 points or 0.4% at 10,469 French CAC: down 15 points or 0.35% at 4,435 As things stand, through, the FTSE 100 is on track to end the week broadly unchanged. […]

Corona virus news EU: Europe to close its borders on 16 March. Officials had insisted until recent days that travel restrictions would remain for the foreseeable future, with the country’s president, Milos Zeman, suggesting last weekend that frontiers should stay closed for the next year. Technical analysis: EUR has been trading sideways at the price […]

Corona virus news US: The House approved a $484bn coronavirus relief bill, which the president said he would sign into law. The package would boost a depleted loan program for Technical analysis: BTC has been trading upwards. The price is tested and rejected of the strong resistance at the level of $7,800. My advice is […]

To open long positions on EURUSD, you need: A breakdown of the support of 1.0763 and consolidation below this range, which is clearly visible on the 5-minute chart, led to a decrease in the European currency, which I paid attention to in the morning forecast, and where I recommended opening short positions. Unfortunately, the bears […]

To open long positions on GBPUSD, you need: The report on retail sales in the UK was ignored by traders, although the bears tried to resume the downward trend, fixing below the level of 1.2339 in the first half of the day, which is clearly visible on the 5-minute chart. Even with the second test […]

According to some experts, the long-term prospects of the dollar are quite gloomy. Thus, they made the following arguments. First, a huge fiscal stimulus in the United States will increase the country’s budget deficit and public debt, which will worsen its financial condition. Secondly, large-scale monetary expansion of the US Central Bank will contribute to […]

Bank of Japan’s policy meeting will kick off on Monday, but it will not be a usual two-day gathering this time as policymakers are expected to reach their decision the same day. While under other circumstances, such an adjustment would signal an eventful meeting, the current virus situation may pressure the central bank for additional […]

It is hard to predict the trajectory of USD/JPY in the short term. The pair is trapped within an extended sideways movement. However, I am awaiting fresh signals and a clear direction soon because the price cannot move like this forever. The pair has developed a triangle. So, a valid breakout from this pattern will […]

From the point of view of complex analysis, we see high speculative interest, during which we managed to reach the predicted level, and now let’s talk about the details. So the triumphal moment came up, the quote updated the local minimum on April 6, which means that the area of interaction of trade forces, represented […]

From the point of view of complex analysis, we see high speculative interest, during which we managed to reach the predicted level, and now let’s talk about the details. So the triumphal moment came up, the quote updated the local minimum on April 6, which means that the area of interaction of trade forces, represented […]

Oil prices traded negative for the first time ever this week, as physical space to store the liquid has almost run out amidst an oversupply of epic proportions. In the near term, there’s little that can save oil prices, and we might even see a repeat of the oil-crash movie in mid-May as storage space […]