Market Analysis

Price is testing an intermediate intraday resistance at 1.13222, a close below this zone is likely to see prices fall towards the upper trendline support at around 1.12904.

Oil prices reported heavy losses for the second week of June after posting massive gains in the past seven consecutive quarters, as investor's concerns increased over the prospects for the second wave of coronavirus following the sharp growth in virus infections across the United States.

Essential Insights Asian Equities take a tumble as fears of a second covid-19 wave in US rise. The FED sees rates being kept the same until 2022. Breakdown Asian stocks fell overnight amid fears over a second wave of COVID-19 in the US, with states exhibiting a rise in confirmed…

Recently Powell announced that the FED would be extending some of its purchasing programmes until 2022. Including the purchasing of riskier assets from corporate bonds to Junk bonds. Three quarters of a Trillion dollars has been allocated to the purchasing of corporate bonds which is unprecedented. This move has been…

Despite the massive coronavirus related selloff early this year, the tech-heavy Nasdaq index crossed 10000 points milestone for the first time in history on Wednesday,

S&P takes back all 2020 losses. The UK sees lowest level daily rise in COVID-19 deaths. GBP/USD trades higher

What’s the latest on the G10FX and EM currently? This week, global recovery trades have seen momentum rapidly picking up. AUD/JPY and NZD/JPY have risen sharply by 6% whilst traditional safe haven currencies such as CHF, JPY and USD have all underperformed. These recovery trades have not appeared from anywhere,…