March 27, 2020 at 04:21PM Market overview US indices are losing 3.5% on Friday after 6.4% growth a day earlier. The market rebound due to injections of liquidity from the Central Bank […]
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Natural Gas Wave Analysis – 27 March, 2019
March 27, 2020 at 01:47PM Natural Gas reversed from resistance area Likely to fall to 1.600 Natural Gas recently reversed down from the resistance area lying between the key resistance level 1.770 […]
Wheat Wave Analysis – 27 March, 2019
March 27, 2020 at 01:46PM Wheat broke key resistance level 570.00 Likely to rise to 590.00 Wheat recently broke above the key resistance level 570.00 (which stopped the (b)-wave of the previous […]
CADJPY Wave Analysis – 27 March, 2019
March 27, 2020 at 01:45PM CADJPY reversed from resistance area Likely to fall to 76.00 CADJPY recently reversed down from the resistance area lying between the pivotal resistance level 78.37 (top of […]
EURGBP Wave Analysis – 27 March, 2019
March 27, 2020 at 01:44PM EURGBP broke round support level 0.9000 Likely to fall to 0.8800 EURGBP under bearish pressure following the earlier breakout of the key round support level 0.9000 (former […]
This is a rebound, not growth: the worst is yet to come
March 27, 2020 at 11:19AM American indices rose by more than 6% at the end of trading on Thursday. On Friday, Asian indices supported the growth after some fluctuations. Expectations of government […]
False Bottom or Start of Something Big
March 27, 2020 at 10:28AM In the stock market lately, only one thing is constant: speed. After falling into a bear market at the fastest rate ever, the S&P 500 just recorded […]
U.S. Records 18,000+ New Coronavirus Cases in Single Devastating Day
March 27, 2020 at 09:56AM Coronavirus cases in the U.S. have accelerated so fast – jumping by 18,000 cases on Thursday – the nation has overtaken China to officially become the epicentre […]
Mini-bull, tired bear, or something in-between
March 27, 2020 at 08:36AM Investors could be forgiven for doing a double-take: Wait, we’re back in a bull market? The Dow Jones Industrial Average’s surge of over 20% from its coronavirus-induced […]
G20 leaders to inject $5 trillion into global economy in fight against coronavirus
March 27, 2020 at 08:25AM Leaders of the Group of 20 major economies pledged on Thursday to inject over $5 trillion into the global economy to limit job and income losses from […]
US now has more coronavirus cases than either China or Italy
March 27, 2020 at 08:16AM The United States now has more confirmed coronavirus cases than Italy and China, making it the country with the largest outbreak in the world. The total number […]
Bit-comment: BTCUSD show a daily rise in intraday lows
March 27, 2020 at 07:32AM Bitcoin clung to a $6,700 level over the last three days, little changed over the previous 24 hours. After the collapse on March 13, the BTCUSD charts […]
Xi calls for coordinated response to coronavirus at G-20 meeting
March 27, 2020 at 06:50AM Chinese President Xi Jinping called on leaders from the Group of 20 nations for greater international coordination of macroeconomic policy to restore confidence in global growth in […]
Dow jumps 1,100 points, heads for 3-day win streak as Wall Street shakes off record jobless claims
March 26, 2020 at 03:54PM Stocks surged for a third straight day on Thursday as investors shrugged off the release of record-breaking initial jobless claims while the Senate passed a massive economic […]
The pandemic will accelerate crypto-processes
March 26, 2020 at 03:47PM While the entire planet plunges into self-isolation, New York becomes the “new Wuhan”, and leading central banks are trying to open up all available cranes to maintain […]
Coronavirus puts over 1 billion people in India on 21-day lockdown to combat spread
March 26, 2020 at 03:39PM Streets in India normally bustling with people and traffic stayed empty Wednesday as the country of 1.3 billion people endured the first day of a national lockdown […]
What the moves of Gold, Crude Oil and FX tell now
March 26, 2020 at 03:04PM Global markets were very enthusiastic in their reaction to the approval of massive stimulus packages in the United States and Germany. The US indices climbed two consecutive […]
USDCHF Wave Analysis – 26 March, 2019
March 26, 2020 at 02:55PM USDCHF reversed from resistance level 0.9850 Likely to fall to 0.9620 USDCHF recently reversed down from the pivotal resistance level 0.9850 (former lower boundary of the sideways […]
Gold Wave Analysis – 26 March, 2019
March 26, 2020 at 02:54PM Gold broke resistance zone Likely to rise to 1690.00 Gold under bullish pressure after the earlier breakout of the resistance zone lying between the round resistance level […]
EURUSD Wave Analysis – 26 March, 2019
March 26, 2020 at 02:53PM EURUSD reversed from combined support zone Likely to rise to 1.1200 EURUSD recently reversed up from the combined support zone lying between the key support level 1.0600 […]
Coca-Cola Wave Analysis – 26 March, 2019
March 26, 2020 at 02:52PM Coca-Cola reversed from major support zone Likely to rise to 48.00 Coca-Cola recently reversed up sharply from the major support zone lying between the long-term support level […]
Bitcoin Mining Difficulty Posts Second-Biggest Percentage Drop in Its History
March 26, 2020 at 10:52AM A key measure of competition among Bitcoin miners just dropped by 15.95 percent – the second-largest decline in the network’s history. The drop in so-called mining difficulty […]
U.K. House Sales Set to Plunge 60% on Coronavirus Lockdown Impact
March 26, 2020 at 09:12AM U.K. house sales are set to plunge by 60% in the next three months as the coronavirus outbreak batters the economy. The slump in the second quarter, […]
U.S. braces for record surge in jobless claims amid coronavirus fallout
March 26, 2020 at 08:51AM The number of Americans filing claims for unemployment benefits likely raced to as high as a record 4 million last week as strict measures to contain the […]
7 tips for keeping your business going during the coronavirus downturn
March 26, 2020 at 07:59AM Nicholas Bahr, global practice leader in risk management at consultancy DuPont Sustainable Solutions, has spent 35 years helping businesses navigate geopolitical, climate and terror risks, including 9/11, […]
Japan shares drop more than 4% as investors await jobless claims data stateside
March 26, 2020 at 07:45AM Stocks in Asia were mixed on Thursday as investors awaited the release of U.S. jobless claims data expected later in the day stateside. Shares in Japan led […]
Senate passes $2 trillion coronavirus stimulus package, sending it to the House
March 26, 2020 at 07:41AM The Senate passed a historic $2 trillion coronavirus relief package Wednesday night, as it tries to stem the destruction the pandemic has brought to American lives and […]
Apocalypse Now: U.S. Treasury Bond Yields Now Have Negative Rates
March 26, 2020 at 07:39AM In a bewildering sign of economic danger ahead, buying U.S. government debt now yields negative rates. The bond yield on one-month and three-month U.S. Treasury bills dropped […]
U.S. jobless numbers may take a backseat as investors take cues from virus spread
March 25, 2020 at 06:06PM Investors are likely to look past what promises to be one of the worst U.S. jobless claims reports in history as they maintain a focus on the […]
FxPro Daily Insight for March 25
March 25, 2020 at 03:17PM Market overview US markets paused growth on Wednesday after jumping 9.4% SPX on Tuesday (strongest since 2008). Despite large-scale stimulus, it is difficult for major indexes to […]
Caterpillar Wave Analysis – 25 March, 2019
March 25, 2020 at 02:50PM Caterpillar reversed from resistance zone Likely to fall to 80.00 Caterpillar recently reversed down from the resistance zone located between the pivotal resistance level 103.65 (which has […]
AUDCAD Wave Analysis – 25 March, 2019
March 25, 2020 at 02:49PM AUDCAD reversed from resistance area Likely to fall to 0.8500 AUDCAD recently reversed down from the resistance area lying between the resistance level 0.8670 (former strong support […]
Palladium Wave Analysis – 25 March, 2019
March 25, 2020 at 02:49PM Palladium approached resistance level 2000.00 Likely to rise to 2200.00 Palladium has been rising sharply in the last few trading sessions the daily upward impulse sequence ③ […]
USDJPY Wave Analysis – 25 March, 2019
March 25, 2020 at 02:48PM USDJPY rising inside impulse wave ③ Likely to reach 112.00 soon USDJPY continues to rise inside the sharp weekly upward impulse wave ③ – which started earlier […]
Feast during the plague: markets soared without waiting for signs of improvement
March 25, 2020 at 09:53AM The analogies with the times of the Great Depression are still with us. The American market spiked yesterday by 9.4% on the S&P 500 and by 11.4% […]
Bit-comment: The crypto market holds positions after gain
March 25, 2020 at 09:30AM Bitcoin has climbed 3% in the last 24 hours and traded around $6,700, but the main increase occurred yesterday morning, after which prices stabilized near last week’s […]
Oil extends gains as optimism over U.S. stimulus lifts global markets
March 25, 2020 at 08:33AM Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets on hopes Washington will soon approve a massive aid package to stem […]
Here’s Why Bitcoin Bulls Aim Larger Rally Above $7K In Near Term
March 25, 2020 at 08:18AM After a successful break above the $6,500 resistance, bitcoin extended its rise above $6,700 against the US Dollar. BTC price broke the $6,800 resistance and settled above […]
Dollar’s Best Streak Since 2012 Is Over, Showing Stress Easing
March 25, 2020 at 08:00AM Traders around the world dumped the dollar in favor of risk assets as moves by U.S. leaders to support the world’s largest economy spurred relief across markets […]
U.S. could be next ‘virus epicenter’ as India locks down, global recession looms
March 25, 2020 at 07:46AM The United States could become the global epicenter of the coronavirus pandemic, the World Health Organization said on Tuesday, as India announced a full 24-hour, nationwide lockdown […]
Central banks in Asia have room to cut rates and may ride out the coronavirus crisis better than the West
March 25, 2020 at 07:28AM Investors hunting for safe spots to park their money should look to Asia now amid the current pandemic, analysts said, highlighting that the region is much more […]
Stock futures higher after White House, Senate reach deal on coronavirus bill
March 25, 2020 at 07:19AM Stock futures were positive in early Wednesday morning trading, following Tuesday’s historic rally, as the White House and Senate reached a deal on a coronavirus stimulus bill. […]
U.S.: the number of confirmed cases the country skyrocketed nearly 2,000%
March 24, 2020 at 10:01PM The United States is now the third country with the highest number of COVID-19 cases at 46,168. Within ten days, the number of confirmed cases the country […]
India’s prime minister orders lockdown of country of 1.3 billion people for 21 days
March 24, 2020 at 06:06PM India will begin the world’s largest lockdown, Prime Minister Narendra Modi announced in a TV address Tuesday night, warning that anyone going outside risked inviting the coronavirus […]
GBPJPY Wave Analysis – 24 March, 2019
March 24, 2020 at 02:41PM GBPJPY under bullish pressure Likely to rise to 135.00 GBPJPY under bullish pressure after the earlier upward reversal from the long-term support level 126.80 (which stopped the […]
Baidu Wave Analysis – 24 March, 2019
March 24, 2020 at 02:40PM Baidu reversed from support level 80.00 Likely to rise to 100.00 Baidu continues to rise after the earlier upward reversal from the key long-term support level 80.00 […]
Copper Wave Analysis – 24 March, 2019
March 24, 2020 at 02:39PM Copper reversed from key support level 193.40 Likely to rise to 230.00 Copper recently reversed up sharply from the long-term support level 193.40 (yearly low from 2016, […]
EURGBP Wave Analysis – 24 March, 2019
March 24, 2020 at 02:39PM EURGBP reversed from multi-year resistance level 0.9270 Likely to fall to 0.9270 EURGBP recently reversed down from the strong multi-year resistance level 0.9270 (which stopped three weekly […]
EURAUD Wave Analysis – 24 March, 2019
March 24, 2020 at 02:38PM EURAUD reversed from round resistance level 2.0000 Likely to fall to 1.8000 EURAUD recently reversed down sharply from the key round resistance level 2.0000 – standing well […]
Trading time changes as DST starts in Europe
March 24, 2020 at 11:19AM On March 29, 2020, Europe shifts to the Daylight Saving Time. In this regard, from March 30 trading time schedule of several financial classes will be changed. […]
Markets are trying to buy the dips of quarantine
March 24, 2020 at 11:11AM Sales on global stock markets were replaced by purchases on the back of extensive liquidity support measures and asset purchases on balance sheets, launched by major central […]
Stocks Climb From Lowest Since 2016; Dollar Drops: Markets Wrap
March 24, 2020 at 10:28AM U.S. index futures and European stocks rallied alongside Asian shares on Tuesday after global equities hit their lowest level since 2016, while the dollar snapped a 10-day […]
Bitcoin Price Turns Bullish as Traders Fight to Flip $6,400 to Support
March 24, 2020 at 09:38AM Bitcoin (BTC) price perked up today, rallying from $5,688 to a daily high at $6,600. The digital asset defied the worst fears of analysts by holding above […]
Oil prices rise over $1 as U.S. ramps up economic support measures
March 24, 2020 at 09:02AM Oil prices rose around 4% on Tuesday on hopes that the United States will soon reach a deal on a $2 trillion coronavirus aid package that could […]
Japan stocks jump 7% as Fed ramps up stimulus measures; Softbank surges almost 19%
March 24, 2020 at 08:54AM Stocks in Asia jumped on Tuesday as authorities ramped up stimulus measures to combat the economic impact of the global coronavirus outbreak. Japan’s Nikkei 225 was among […]
The US dollar will test 105 against a basket of currencies in the short term, analyst says
March 24, 2020 at 08:42AM World markets are facing a simple but serious problem: There just aren’t enough dollars to execute trades and transactions. That explains why the trade-weighted dollar index, gained […]
‘Not unreasonable’ for China’s economy to shrink 10% in the first quarter, independent survey shows
March 24, 2020 at 08:30AM An early look at Chinese business conditions in March shows little indication the economy has recovered much from the shock of the coronavirus in the first two […]
Bit-comment: Bitcoin trying to step above $7000
March 24, 2020 at 07:53AM Bitcoin price spiked 9% in the last 24 hours to levels near $6,500. The bulls are trying to push the cryptocurrency above $7K. Passing this level may […]
The Federal Reserve just pledged asset purchases with no limit to support markets
March 23, 2020 at 04:43PM The Federal Reserve said Monday it will launch a barrage of programs aimed at helping markets function more efficiently amid the coronavirus crisis. Among the initiatives is […]
Global coronavirus cases cross 350,000, death toll passes 15,000 as pandemic takes hold
March 23, 2020 at 04:34PM Confirmed infections of the rapidly spreading coronavirus surpassed 350,000 worldwide on Monday and global deaths rose past 15,000, as COVID-19 spreads across Europe and North America. COVID-19 […]
FxPro Daily Insight for March 23
March 23, 2020 at 03:24PM Market overview On the news from the US, American indices rush from growth to decline. Last minutes, SPX returned to negative territory amid a slipping stimulus package […]
Gold Wave Analysis – 23 March, 2019
March 23, 2020 at 02:29PM Gold reversed from support area Likely to rise to 1550.00 Gold recently reversed up from the support area lying between the key support level 1450.00 (which has […]
EURNZD Wave Analysis – 23 March, 2019
March 23, 2020 at 02:27PM EURNZD reversed from resistance area Likely to fall to 1.8500 EURNZD recently reversed down sharply from the resistance area lying between the round resistance level 1.9000, upper […]
EURJPY Wave Analysis – 23 March, 2019
March 23, 2020 at 02:26PM EURJPY reversed from support area Likely to rise to 120.00 EURJPY recently reversed up from the support area lying between the powerful support level 116.00 (which stopped […]
Pfizer Wave Analysis – 23 March, 2019
March 23, 2020 at 02:25PM Pfizer approached key support level 28.25 Likely to correct up to 30.00 Pfizer recently fell sharply breaking through the round support level 30.00 (which stopped the earlier […]
The crypto-miracle didn’t happen as assets drop together
March 23, 2020 at 02:24PM The Bitcoin’s attempts to reverse the trend encountered resistance near $6,800. As a result, at the beginning of the working week first cryptocurrency loses more than 7% […]
Germany to unveil major stimulus as virus death toll rises throughout Europe
March 23, 2020 at 12:56PM Germany is about to unveil new measures to mitigate the economic impact of the coronavirus, in what analysts are describing as a “game changer” for a country […]
Skies clear as more flights grounded by growing coronavirus curbs
March 23, 2020 at 11:49AM Widening curbs on travel to contain the spread of the coronavirus led airlines to ramp up flight cancellations on Monday, with new restrictions spanning Australia, New Zealand, […]
Brent crude extends fall as coronavirus shutdowns sap demand
March 23, 2020 at 11:34AM Brent crude prices extended falls on Monday with demand sliding as travel and industrial activity contracted across the globe in a bid to stem the spread of […]
Report: ICO Fundraising Plummeted 95% Year-Over-Year in 2019
March 23, 2020 at 11:23AM A report published by research firm CB Insights has found that equity funding has dramatically overtaken initial coin offerings (ICOs) as the dominant means of finance in […]
U.S. Futures Plunge as WHO Issues Scary Airborne Coronavirus Warning
March 23, 2020 at 11:08AM The U.S. stock market is set to drop by around 4% on the day’s open, as Dow futures indicate a 720-point drop. It comes after the World […]
East Africa faces dual shock from coronavirus and locust swarms
March 23, 2020 at 11:00AM Already being ravaged by the worst infestation of desert locusts in 70 years, East African economies are now staring down the barrel of the coronavirus pandemic. The […]
Coronavirus impact: markets in Europe increase whilst US still pressured
March 23, 2020 at 09:48AM The world markets start the week with a decline. Futures on US indices were again close to the limit-down, losing about 5% against Friday’s closing levels, but […]
States rush to prepare for wave of U.S. unemployed
March 21, 2020 at 06:58AM The U.S. unemployment benefits program, a key part of the safety net for the labor market, is facing its biggest test in more than a decade. More […]
UK PM Boris Johnson announces nationwide lockdown measures, telling cafes, pubs and restaurants to close
March 20, 2020 at 07:32PM U.K. Prime Minister Boris Johnson announced nationwide lockdown measures Friday, telling cafes, bars and restaurants to close. “We are collectively telling cafes, pubs, bars and restaurants to […]
FxPro Daily Insight for March 20
March 20, 2020 at 03:10PM Market overview Stock markets show gains on Friday. However, it is yet based on expectations that central banks managed to contain the liquidity crisis. Without spreading coronavirus […]
Ebay Wave Analysis – 20 March, 2019
March 20, 2020 at 02:40PM Ebay broke support area Likely to fall to 26.00 Ebay recently broke the support area lying between the key support level 33.20 (which reversed the price at […]
Soy Wave Analysis – 20 March, 2019
March 20, 2020 at 02:39PM Soy revered from support area Likely to rise to 866.00 Soy recently revered up sharply from the support area lying between the pivotal support level 820.00 (which […]
CADCHF Wave Analysis – 20 March, 2019
March 20, 2020 at 02:37PM CADCHF forming second weekly Hammer Likely to rise to 0.7000 CADCHF is in the process of forming the second consecutive weekly Japanese candlesticks reversal pattern Hammer which […]
EURCAD Wave Analysis – 20 March, 2019
March 20, 2020 at 02:36PM EURCAD reversed from resistance area Likely to fall to 1.5150 EURCAD recently reversed down from the resistance area lying between the key resistance level 1.5600 (which reversed […]
FX indicates that the worst is possibly behind us
March 20, 2020 at 11:38AM In the last few weeks, the currency market proved to be a reliable sentiment barometer. Back in early March, we talked about warning signals that the worst […]
Bitcoin Is Fast Approaching $7,000—Here’s Why
March 20, 2020 at 11:13AM Bitcoin, which surprised markets with a sudden surge yesterday, has continued to climb today. The bitcoin price is fast approaching $7,000 per bitcoin, reaching $6,749 on the […]
The Inevitable Outcome Of The Oil Price War
March 20, 2020 at 10:54AM One might reasonably posit that when Crown Prince Mohammed bin Salman (MbS) signalled that Saudi Arabia was once again going to produce oil to the maximum to […]
Apple limits online iPhone purchases to two per person amid coronavirus
March 20, 2020 at 10:17AM Apple Inc is limiting customer purchases of iPhones over its online stores in many countries including the United States and China to a maximum of two handsets […]
Coronavirus deaths in Italy overtake China as economic damage mounts
March 20, 2020 at 10:02AM The world’s richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned in the new epicentre Europe, with the number of deaths […]
Cryptocurrencies rise $23.8 billion in 24 hours as bitcoin jumps near 16%
March 20, 2020 at 07:54AM Cryptocurrencies saw a sharp bounce higher after violent selling in the past two weeks despite equity markets not showing big moves to the upside. As of 8:42 […]
South Korea stocks surge more than 7% as China keeps loan prime rate unchanged
March 20, 2020 at 07:44AM Stocks in Asia Pacific rose on Friday as China kept its loan prime rates unchanged. South Korean stocks, which saw heavy losses on Thursday, jumped by the […]
