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

Subscriptions Log In TOPICS Political Crisis | Covid-19 Watch | Asean+ | True or Not | Do You Know | Star Golden Hearts Award Indonesian Covid-19 task force explains why lockdown not feasible INDONESIA  Tuesday, 07 Apr 202012:28 PM MYT A motorist passes by a makeshift barricade on March 29, 2020 in Nyamplung village, Gamping district, Yogyakarta. Many regions and

MENUShow navigationFXStreet  Tanya AbrosimovaFXStreet  Follow Bitcoin Weekly Forecast: BTC breaks its ties with stocks, strives to return its safe-haven status CRYPTOS | Apr 03, 15:12 GMT Bitcoin (BTC) regained ground during the week but failed to settle above critical resistance. The temporary improvement of the global market conditions boosted BTC recovery. The correlation between Bitcoin and the stock

GBP/USD has rocked and rolled as coronavirus continues spreading. Additional disease-related updates, consumer data, and the Fed minutes are eyed. Early April’s daily chart is showing the death cross pattern. The FX Poll is pointing to falls in the short and medium terms, with a recovery afterward. Pound/dollar volatility is at Brexit levels – not as wild

USD/JPY Current Price: 108.53 The Japanese yen lost ground despite the dominant-negative market’s mood. Equities fell on Friday, US government bond yields closed the week in the red. USD/JPY offers a neutral-to-bullish stance, could accelerate its advance once above 109.20. The USD/JPY pair advanced for a second consecutive day on Friday, to close the week with

In March, both Bitcoin and the US stock market took a hit because of the massive outbreak of coronavirus. However, in 2020 Q1, BTC declined less than S&P 500 and Dow Jones indexes, which represent the US stock market. JPMorgan Asset Management has warned investors that they shouldn’t hurry and buy stocks because the worst

Retail Sales for February arrived +0.5% MoM vs the expected 0.4% and prior -0.3% and a fall of 0.6% in December 2019. However, there was a muted reaction in the data: AUD/USD remains sidelined near 0.6055 despite upbeat Aussie data AUD/JPY pays a little heed to upbeat Aussie Retail Sales The following industries rose in seasonally adjusted terms in February