Bank of Japan (BOJ) Governor Haruhiko Kuroda was on the wires in the last hour, via Reuters, noting that the central bank won’t hesitate to ease the monetary policy further if needed.
“The economy is in an extremely severe state and likely to remain in a severe state.”
The U.S. dollar slipped against its major counterparts in the Asian session on Monday, as an uptick in Covid-19 cases in the U.S. intensified concerns over global economic growth.
The U.S. reported more than 30,000 new infections on Friday and Saturday — the highest daily totals since May 1.
The Canadian dollar fell against its major counterparts in the Asian session on Tuesday, as oil prices slumped on concerns about limited storage capacity as a result of the collapse in crude oil demand due to the outbreak of the coronavirus pandemic.
Crude for June delivery declined $1.71 to $11.07
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Risky assets unfolded a sharp rebound over the past week. The major U.S. equity indices rallied by more than 20% off their most recent lows. Market participants, professional and retail, piled into the market and bought everything they could. Last evening, a WSJ headline declared the shortest bear m
WTI recovers the early-day losses while bouncing off the key Fibonacci retracement level.
Buyers will look for entry beyond short-term falling resistance line.
Oversold RSI can keep challenging the bears.
Following its drop of more than 7.0% during the Asian session, WTI retraces losses to 4.6% whi
Daily Pivots: (S1) 1.0916; (P) 1.0961; (R1) 1.1044;
Intraday bias in EUR/USD remains on the upside as rebound from 1.0777 is in progress. It’s correcting whole fall from 1.1239 to 1.0777 and would target 61.8% retracement of 1.1239 to 1.0777 at 1.1063 next. We’d expect strong resistance from there t
EUR/USD remains firmly in bear grip with the 50-hour average capping upside in Asia.
A big beat on the forward-looking German Gfk Consumer Confidence is needed to stall the sell-off.
EUR/USD is feeling the pull of gravity while heading into the London open.
The currency pair is currently trading
Euro has suffered its weakest daily close in 34 months.
Tuesday's bearish marubozu candle suggests scope for further sell-off.
EUR/USD closed out Tuesday below 1.07 to print the weakest daily close since April 2017.
More importantly, the single currency formed a bearish marubozu candle, implying
These are the main highlights of the CFTC Positioning Report for the week ended on February 11th.
Speculators kept the negative view on EUR for yet another week, taking gross shorts to the highest level since early November 2016 to more than 255K contracts and therefore the net shorts climbed to th
Gold prices hold onto recovery gains near the eight-day top.
Risk-tone keeps dwindling amid coronavirus fears, political headlines and broadly strong US dollar.
US data, headlines from China will be the keys to watch.
Gold remains firm around $1,578 during Friday’s Asian session. The extension of a
USD/CHF snaps two-day winning streak, reversed from monthly resistance line.
Buyers will remain hopeful unless the channel’s support breaks.
50% and 38.2% of Fibonacci retracements could offer intermediate halts during the declines.
USD/CHF declines to 0.9728, -0.11%, by the press time of early Thu
A fresh injection of risk-on trading saw the yen decline further, while most Asian stock markets continued to rally. China reported its first y/y increase in exports in five months, of 7.6%, which beat the consensus forecast for 3.2% growth, while a source cited by Reuters said that Beijing has pled