Global stocks bounced back yesterday as traders started hoping for a stimulus from central banks and governments. In the United States, the Dow and Nasdaq rose by 1293 and 384 points respectively. In Asia, the Nikkei and Shanghai composite...
EURUSD TRACKING HIGHER The euro has continued to recover higher against the US dollar during the European trading session, with the pair heading towards the 1.1100 level. Sellers may look to fade the recent rally in the EURUSD pair...
USDJPY 108.90 PIVOT The US dollar is staging a solid recovery against the Japanese yen currency after the pair dropped sharply lower on the weekly price open this morning. Going forward, the 108.90 level is key trendline resistance and...
BTCUSD $8,750 KEY PIVOT Bitcoin is under slight downside pressure at the start of the new trading week, after the BTCUSD pair suffered its largest monthly loss since November 2019. BTCUSD bulls need to hold price above the $8,750...
CORONAVIRUS DEVELOPMENTS AND US JOB DATA TAKE CENTER STAGE During the upcoming trading week traders look to the latest developments surrounding the coronavirus and the release of the Non-farm payrolls job report from the US economy. Financial markets participants...
EURUSD TARGETING 1.1120 KEY The euro currency has recovered back above the 1.1000 level against the US dollar after dip-buyers bought the pair from the 1.0960 level. Going forward, bulls may start to attack towards the 1.1120 level if...
Asia-Pacific stocks were mixed today as traders reflected on the latest news on Covid-19. In China, the Shanghai and A50 indexes rose by more than 2% while in Japan, the Nikkei rose by 0.75%. In Australia, the ASX dropped...
