It didn’t take long for the US dollar to reclaim its crown as king of currencies after a brief but sharp sell-off in late February. An acute shortage of dollars across global markets, driven by a panic rush for cash as the virus turmoil deepened, has bolstered the US currency’s safe haven status. But amid […]

Brent has gained some of its positive momentum after the creation of a double bottom pattern at 24.55 on March 18 and on April 1. In the short-term the market could retain range-bound trading as the RSI is moving sideways above the 50 level and the MACD remains near the trigger line and above its […]

EURJPY has been on the sidelines since July 2019 with upper boundary the 122.90 resistance and lower boundary the 116.10 support level. However, the RSI is continuing its bullish move towards the 50 level and the stochastic is heading up after the bullish cross within its %K and %D lines in the oversold zone. Over […]

US stocks climb 7% on signs the pandemic has peaked in Europe, dollar and yen struggle Talk of another multi-trillion US rescue package supporting sentiment too Gold rallies on hedging and deficit expectations Today: Eurogroup meeting on ‘coronabonds’ could be vital for euro Virus slowdown and stimulus talk: Music for stocks Markets continue to price […]

EURGBP landed nicely near the 200-day simple moving average (SMA) last week, retracing 61.8% of the 0.8281- 0.9497 bullish rally. The pair, however, continues to look bearish despite the stabilization as the RSI seems unable to rise above its 50 neutral mark, the MACD continues to decelerate towards the negative area, while from the Ichimoku indicators, the falling red […]

USDCAD appears to be following the lower Bollinger band around 1.4060 after fading beneath the capping 50-period simple moving average (SMA) and the mid-Bollinger band around the 1.4140 threshold. The recent negative price action is also reflected in the short-term oscillators and seems to be aided by the recent bearish crossover of the 100-period SMA […]

USDCAD appears to be following the lower Bollinger band around 1.4060 after fading beneath the capping 50-period simple moving average (SMA) and the mid-Bollinger band around the 1.4140 threshold. The recent negative price action is also reflected in the short-term oscillators and seems to be aided by the recent bearish crossover of the 100-period SMA […]

GBPUSD paused its bullish rally near the 50.0% Fibonacci retracement level of the down leg from 1.3515 to 1.1409 at 1.2460, which encompasses the 40-day simple moving average (SMA). The upside action helped the price to cover some of the previous month’s significant losses and turned the short-term bias to neutral. Regarding the technical indicators, […]

The US 500 cash index has been developing within a narrow range over the last two weeks with upper boundary the 38.2% Fibonacci retracement level of the down leg from 3,396.64 to 2,173.95 at 2,646 and lower boundary the 2,440 support level. The momentum indicators are pointing to a neutral to positive bias in the short […]

Fiore Gold is well on track for 50,000-ounce gold production in 2020 and will become a 150,000-ounce producer within the next 2-3 years in Nevada. The second mine is in development and M&A transactions are very likely to grow the company further, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this […]

AUDUSD has been in a slightly declining wave after the touch on the 0.6215 resistance, entering the Ichimoku cloud and being capped by the 20- and 40-period simple moving averages (SMAs) in the 4-hour chart. According to the momentum indicators, the RSI is pointing up near the neutral threshold of 50, gaining some ground, while the MACD is heading […]

GBPJPY sped up towards the top of its range on the four-hour chart on Monday after officials eased fears over Boris Johnson hospitalization. A closure above the 134.47 resistance, which is also the 50% Fibonacci of the bearish wave from 144.94 to 124.00, and more importantly above the 200-period simple moving average (SMA), could prove valuable to […]

Stocks roar higher, yen stumbles as new infections plateau in Europe   Is this recovery sustainable though, or just another bear market rebound? Oil remains in focus as OPEC+ postpones meeting – will they cut enough? Risk appetite returns on hopes ‘peak virus’ is behind us Global markets woke up in a better mood on […]

Gold’s fresh confidence is currently pushing off the 1,607 level – that being the 61.8% Fibonacci retracement of the down leg from 1,703.36 to 1,451 – following the recent positive sessions which commenced on April 1 from 1,566. Backing an improving near- and medium-term picture are all the inclining simple moving averages (SMAs) as well […]

USDJPY restored positive momentum on Monday and pierced the 109.00 level on the upside after stepping on the 200-period simple moving average (SMA) on the four-hour chart. While some stabilization cannot be ruled out since the 23.6% Fibonacci of the 101.17-111.70 upleg is in the neighborhood and the fast Stochastics are fluctuating in the overbought […]

EURUSD recovered its strong sell-off from the 13-month peak of 1.1495 to the three-year low of 1.0635, as it jumped close to the 61.8% Fibonacci retracement level of this downward move at 1.1170. Currently, the price is edging sharply lower again beneath the moving average lines and near the 1.0800 psychological mark. The market is […]

Stock prices are making a V turn after experiencing the sharpest downfall since financial crisis and bargain hunters are looking for the right time to buy. Hopefully, there are reasons to believe that the positive trend could continue, though on the other hand it is too early to rule out a dead cat bounce, and it […]

The Reserve Bank of Australia was one of the few central banks among advanced economies that was not dragged into the world of quantitative easing (QE) during the 2008 financial crisis. But having already been bruised by the US-China trade dispute, it was clear the Australian economy would not be as fortunate in the current […]

The pandemonium in financial markets has calmed down somewhat, but that serenity seems fragile and investors will keep a close eye on how fast the virus is spreading in America, which is now entering the most painful phase. On the bright side, Europe looks close to a ‘peak’ in new cases. That said, markets will […]

The pandemonium in financial markets has calmed down somewhat, but that serenity seems fragile and investors will keep a close eye on how fast the virus is spreading in America, which is now entering the most painful phase. On the bright side, Europe looks close to a ‘peak’ in new cases. That said, markets will […]

NZDUSD is presently tackling the 0.5841 level, that being the 38.2% Fibonacci retracement of the down leg from 0.6447 to an 11-year low of 0.5468, after new-found negative sentiment sent the pair back into the Ichimoku cloud. Aiding this move down is the recent bearish crossover of the now declining Ichimoku lines. The short-term oscillators […]

NZDUSD is presently tackling the 0.5841 level, that being the 38.2% Fibonacci retracement of the down leg from 0.6447 to an 11-year low of 0.5468, after new-found negative sentiment sent the pair back into the Ichimoku cloud. Aiding this move down is the recent bearish crossover of the now declining Ichimoku lines. The short-term oscillators […]

NZDUSD is presently tackling the 0.5841 level, that being the 38.2% Fibonacci retracement of the down leg from 0.6447 to an 11-year low of 0.5468, after new found negative sentiment sent the pair back down into the Ichimoku cloud. Aiding this move down is the recent bearish crossover of the now declining Ichimoku lines. The […]

The US 30 cash index is being embraced by the 23.6% Fibonacci retracement level of the down leg from 29,582.61 to 18,145 at 20,851 and the 38.2% Fibonacci at 22,518 over the last days. The lack of direction is confirmed by the RSI indicator which is moving with weak momentum beneath the 50 level, while the MACD is edging sideways above […]

Oil surges then dips as markets question Trump’s claim of a Russia-Saudi Arabia deal Stocks turn lower as oil boost fades, services PMIs spread gloom Dollar set for weekly gains; unlikely to be held back by poor NFP Oil spikes as Trump ups pressure on Russia and Saudi Arabia Oil prices saw their biggest daily […]