Coronavirus is a so-called “black swan” – an event no one could have predicted that is making a great impact on the global economy and financial markets.
Daily Market Analysis
CAD/JPY recovered last week to the 78.00 area (38.2% Fibonacci of the February-March decline), but then turned down again getting back below the 50-period MA on the H4.
Palladium reacted very late to the coronavirus fallout - but it compensated by a rarely seen price slump; can we use it?
The global crisis seems to go self-propelling. What to do? Trade and get profits! Read the article to stick to the correct action line.
After testing the lowest levels since 2016 in the 101.18 area earlier this week, USD/JPY turned up and returned above 105.00.
EUR/USD ran into resistance of the 100- and 200-week MAs at 1.1340 and slid towards 1.1100.
Today is the day X for the European markets as the European central bank is releasing its monetary policy decision at 14:45 MT time.
After opening the week with a gap up, EUR/CAD formed two inside bars on the D1. This is the sign that the advance has run out of steam.
The decline of USD/CHF from February highs to March lows was epic. The pair then reached support at 0.9185 (2018 low) and turned up.
Reserve Bank of Australia is considering quantitative ease to restart the economy. How will the AUD respond?
After forming a diamond-like top below 1,700, XAU/USD went consolidating. Pay attention to the support and resistance levels!
EUR/GBP has been on a rise since the middle of February. What are the possible targets for this movement?