Bitcoin enjoyed a weekly of relative stability. Investors flock back to the cryptocurrency market. BTC/USD bulls will stumble on approach to $8,000. Bitcoin dropped to $6,754 on Monday and spend the most part of the week consolidating under the critical resistance level $7,000. However, some buying interest re-emerged on Thursday, April 23, and helped to push the […]

USD/JPY volatility vanishes with 51 point daily average. Dollar seeking direction as risk trade pause continues. Pending economic statistics could reignite risk aversion. The USD/JPY had its calmest week since the pandemic exploded in the currency markets in mid-February. The pair opened at 107.54 on Monday and finished at almost the same rate on Friday, 107.44.  In five

EUR/USD has been moving higher amid encouraging COVID-19 statistics. Speculation about lifting lockdowns, the ECB decision, and the Fed. Monday’s four-hour chart is showing an improving picture for bulls. Lifting the lockdowns is lifting the euro – Europe’s largest countries have all reported significant improvements in COVID-19 statistics and are moving to reopen the economies. As the

GBP/USD remains mildly bid amid a broad US dollar weakness. UK PM “raring to go” back to No10, might take steps to shrug off allegations of non-performance. Virus/Brexit updates could compensate for a light economic calendar. A sustained break above 10/21-day SMA confluence, near 1.2400, becomes necessary for the Cable to aim for 61.8% Fibonacci

Bitcoin managed to regain ground above $7,000 after a dismal start of the week. Global sentiments are improving, which is good for Bitcoin. The technical picture implies the downside correction. Most part of the week Bitcoin has been controlled by bears that managed to push the price of the first digital coin below $6,500 before

Yen improves as dollar risk premium ebbs. Lower volatility suggests markets awaiting direction. Economic comparisons will not aid the Japanese yen. The global US dollar risk trade is still the primary motivator for currency movement but it is slowly wearing out as the pandemic loses its ability to frighten and analysis turns to the ability and willingness

Show navigationFXStreet  Chuck ButlerThe Aden Forecast  Follow Gold goes for a turn on Mr. Toad’s Wild Ride ANALYSIS | Published Apr 22, 2020 12:31 (+00:00) Currencies were flat yesterday but have moved overnight! The price of Oil recovers to close above zero! Good Day… And a Wonderful Wednesday to you! Well, Monday will be a day I never

Here is what you need to know on Wednesday, April 22: The market remains damp and the US dollar is consolidating its gains after a risk-off day on Tuesday which saw markets tumbling as crashing crude prices remain in the spotlight. WTI remains on the back foot around $10 and Brent Crude has also succumbed to pressure and

Investment demand for physical gold and silver is unrelenting. Buying activity actually picked up slightly last week as paper gold and silver prices drifted sideways to lower. Once again, anyone simply watching the gold price on CNBC would be shocked to know just how many people are buying gold. The Fed, and the cabal of Wall Street Banks it