Asian equity markets were mostly positive as investors weighed optimism regarding further US fiscal stimulus against rising coronavirus cases in Europe. Reports yesterday appeared to signal a deal in Washington on more fiscal support might be closer. However, there were mounting...
Yesterday, Brent crude was traded in different directions in the range of $41.20-90 and closed the day without significant changes. Today oil is slightly higher, rising to $42.15. On the hourly chart, Brent is still trading above the moving average MA line (200) H1 ($41.30). On...
GBPUSD trading plan: The U.K. unveiled fresh measures to protect jobs and businesses that helped ease fears about the impact of newly imposed lockdown measures on the economy. The U.K. will subsidize the pay of employees who have not returned to work full time but are...
USD fell against other major currencies in the Asian session on Friday as the prospects of another economic package eased investors’ concerns that the recovery of the U.S. economy is slowing, which are vindicated by incoming data, as well as election-related risks. The U.S....
EUR/USD EUR is showing weak gains against USD during today's Asian session, correcting after a strong downward rally since the beginning of the week. The emergence of the uptrend for the instrument is largely due to technical factors, while the macroeconomic background...
Barclays Bank has revised its average oil price forecast for this year upwards, based on the results of OPEC+ production cuts. New forecasted figures for varieties Brent and WTI are $2 above the previous ones. Forecast for next year in the bank decided to keep it at the same...
Pivot: 1.1685 Our preference: short positions below 1.1685 with targets at 1.1650 & 1.1625 in extension. Alternative scenario: above 1.1685 look for further upside with 1.1700 & 1.1720 as targets. Comment: as long as 1.1685 is...
Growing signs that major governments started to dial back economy reopenings suggest Covid-19 topic is back, starts to make headlines again and sow the seeds of distrust in global recovery. Germany included 11 EU regions in the high-risk list for travelers as the incidence...
Yesterday, the AUD/USD was trading lower and closed the day in the red around the $0.7075. Today it also dropped slightly, dropping to $0.7030. On the hourly chart, AUD/USD is still trading below the MA line (200) H1 ($0.7255). The situation is similar on the four-hour chart....
