US Dollar Losses Further Strength on Positive Chinese Data
Asian equity markets were somewhat mixed as the region only partially sustained the momentum from the firm US handover.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Better News in Covid-19 Vaccine Move Markets
U.S. stocks are set to open markedly higher on reassurances from the pharma sector about progress in the hunt for a vaccine to fight the Covid-19 virus.
NZD Strongest and AUD the Weakest Against the USD
Eurozone March industrial production comes at 4.1% vs 4.2% m/m than expected
European Markets Look to Follow Asia's Positive Lead
Risk looking positive as we enter European session.
GOLD and SILVER Lose Strength
XAG/USD: Silver stands above the 23.6% retracement area. An indecision still exists.
British Pound Continues to Struggle to Get off the Floor
GBP/USD is now poised to retest the key support level at 1.3000. Jump in for the technical analysis!
Euro Remains Strong after ECB
ECB President Lagarde offered EUR/USD a free pass to head higher.
ECB Decision
ECB September forecasts see higher inflation in 2021, Lagarde says that there is no need to overreact to euro gains.
USD/MXN: retrocession
The Mexican peso can have a breather as the USD is losing its grip. Read the article and use what you see.
Markets Looking for Direction
With no major U.S. economic reports scheduled for release today, the U.S. dollar is set to take its cue from political and pharmaceutical headlines.
ECB Monetary Policy Time
EUR/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
Risk Appetite Returns
Global markets again went their separate ways, with the Japanese, Korean and Chinese markets all falling heavily while European ones rose. Oil prices rebounded overnight as a degree of stability returned to risk assets.
