Show navigationFXStreet  Stephen InnesAxiCorp  Follow The Fed stimulus positively greets lockdown exit strategies while oil prices meet reality ANALYSIS | Published Apr 09, 2020 22:40 (+00:00) The dollar weakens ( MYR ?) and gold takes flight Stock Markets: Fresh stimulus from the Federal Reserve gave equities and credit a proper lift.   Oil Markets A day late and a barrel short […]

EUR/USD is trading around 1.0850 as tensions mount ahead of the Eurogroup meetings which have previously ended in acrimony. US jobless claims, consumer confidence, and Fed Chair Powell’s speech are all eyed. From a technical perspective, nothing seems to have changed much for the pair and the near-term set-up remains tilted in favour of bearish

Show navigationFXStreet  Yohay ElamFXStreet  Follow AUD/USD Forecast: Aussie set for another plunge down under as coronavirus carnage spreads ANALYSIS | Published Apr 03, 2020 14:48 (+00:00) AUD/USD has been dropping as coronavirus spreads and amid a worsening market mood.  The RBA decision, disease updates, and US jobless claims are eyed in the week leading to Easter. Early April’s

EUR/USD The Euro was down 0.5% in Wednesday’s Asian/early European trading weighed down by failure of EU financial ministers to agree the way of funding economy package. Fading risk mode on increased death toll on COVID 19 adds to negative near-term outlook and keeping the single currency in red. Fresh weakness erased approx. 50% of Tuesday’s

EUR/USD staged a solid recovery on Tuesday on broad-based USD weakness. The optimism turned out to be short-lived amid renewed coronavirus worries. Reviving safe-haven demand underpinned the USD and exerted some pressure. The US dollar witnessed some aggressive long-unwinding trade on Tuesday and allowed the EUR/USD pair to stage a goodish recovery from near two-week lows set

GBP/USD fails to hold onto recovery gains amid fresh coronavirus concerns. UK PM is in ICU but stable, doubts over the already higher statistics remain. Expectations are mounting that the UK will have Europe’s worst crisis due to the virus. Brexit delay gets a push but Tories resist, Deputy PM Raab has “total confidence” in

GBP/USD has been moving higher amid dollar weakness, amid concerns for PM Johnson. Various aspects of the leadership crisis may send sterling down again. Tuesday’s four-hour chart is pointing to further losses.  “Prime Minister Boris Johnson has been taken to intensive care” – push notifications from all news outlets jumped out late on Monday and