US Stock Market is Rallying on Economic Reopening Optimism
US stock markets have come out of bearish trend on Monday as all three top indices reported more than 3% gains amid hopes of coronavirus vaccine and economic reopening.
Could the Yellow Metal Break the 1740 Resistance?
The yellow metal has been traded in a channel since the beginning of April. This channel is defined by two levels the 1671 and 1740 levels.
Could the Cable Break the 1.2520 Mark?
7-week low for the Pound. Possible stimulus by the Bank of England. Failure in finalising the Brexit deal
The Greenback Is Still Tumbling Against the Japanese Yen
A second stimulus is expected from the Japanese government The USD/JPY is appreciating amid the slow economy in Japan The fed left the interest rates with no change Technical Analysis: The USD/JPY is still flirting with the 106 level without succeeding to break it and close below it. As it appears on the image below, […]
EUR/USD – Euro existence under threat?
EUR/USD is currently trading in a channel range. Reduced bets on Euro advancement. European Leaders are struggling to form unity.
GBP/USD – Under Pressure, Trade idea
GBP/USD fell towards the monthly supported as suggested in the previous report (11th May, 2020). UK and EU Brexit tension weight on Sterling strength. Boris Johnson’s speech on getting businesses moving has drawn confusion from many.
USD/CAD Stays Below the 1.4045 Resistance
Oil gained power again and reached the $27 mark. A 1.4045 level stopping the USD/CAD from its upward movement. On Thursday, the BOC Governor Poloz speaks
The New Zealand Dollar Failed to Break the 0.6135 Mark
US CPI will be released on Tuesday. The New Zealand Dollar failed to break the 0.6135 mark. On Wednesday, the RBNZ will declare its interest rate decision
Negative Rates? What Is Driving Yields Lower Into Negative Rates
33 million Americans have been filing for unemployment benefits since the middle of March. 2 year note yields fell by 0.13%, only 13 basis points above 0.
USD/JPY – Upside Potential on Falling Yields?
USD/JPY has rejected sharply from its long-term bearish channel. US Treasury Yields at historical lows. Dollar Index risen to test important 100.00 level.
GBP/USD – To Remain Under Pressure? UK Economy Reboot
GBP/USD has experienced heavy selling pressure breaking, below the rising wedge discussed on our previous analysis (29th March 2020). Generally stronger dollar being observed. Boris Johnson announces plans to reboot the economy.