March 31, 2020 at 06:50PM Goldman Sachs lowered its forecasts for the U.S. economy this week. The revised predictions see GDP losing a whopping 34% in the second quarter, down 10 percentage […]
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Coronavirus shock is pushing global growth toward zero, S&P says
March 31, 2020 at 06:19PM With the worldwide economic turbulence wrought by the coronavirus crisis and nationally enforced lockdowns across major markets, global growth is set to be pushed toward zero, analysis […]
GBPCHF Wave Analysis – 31 March, 2019
March 31, 2020 at 03:06PM GBPCHF reversed from support area Likely to rise to 1.2100. GBPCHF recently reversed up from the support area lying between the round support level 1.1500 (which stopped […]
Corn Wave Analysis – 31 March, 2019
March 31, 2020 at 03:04PM Corn under bearish pressure Likely to fall to 333.00 Corn under bearish pressure after the earlier downward reversal from resistance area lying between the major resistance level […]
GBPNZD Wave Analysis – 31 March, 2019
March 31, 2020 at 03:03PM GBPNZD rising inside short-term impulse wave (iii) Likely to rise to 2.100 GBPNZD continues to rise inside the short-term impulse wave (iii) which started earlier from the […]
NZDUSD Wave Analysis – 31 March, 2019
March 31, 2020 at 03:02PM NZDUSD reversed from resistance area Likely to fall to 0.6000. NZDUSD recently reversed down from the resistance area lying between the round resistance level 0.6000 (low of […]
3M Wave Analysis – 31 March, 2019
March 31, 2020 at 03:01PM 3M broke daily down channel Likely to rise to 140.00 3M has been rising in the last few trading sessions inside the corrective wave 4 which started […]
Sweden Predicts Recession to Rival Economic Crisis of 2008
March 31, 2020 at 12:30PM Sweden’s government expects the economy to contract as deeply as it did during the global financial crisis of 2008 as the coronavirus pandemic brings life to a […]
Coinbase Reports Record Bitcoin Buying Amid March 12 Crash
March 31, 2020 at 12:13PM Leading United States-based cryptocurrency exchange Coinbase has published a report providing detailed insights into how its users responded to the violent crypto market crash suffered on March […]
Shockingly, China’s Wet Markets are Reopening; Will We Ever Learn?
March 31, 2020 at 12:05PM Wet markets in China have reportedly reopened after easing of lockdown measures across several cities. Studies dating back to 2007 have suggested that wet markets and the […]
Futures rise at end of dismal first quarter
March 31, 2020 at 11:57AM U.S. stock index futures rose on Tuesday at the end of one of Wall Street’s worst first quarters on record, as an unexpected expansion in Chinese factory […]
Huawei says US blacklisting led to $12 billion revenue shortfall in 2019 as profit growth slowed
March 31, 2020 at 11:28AM Huawei reported slowing profit growth in 2019 as the U.S. blacklisting the Chinese technology giant weighed on its business. Meanwhile, a top executive at the company told […]
Brent futures have fallen more than 65% through the first three months of 2020
March 31, 2020 at 10:41AM Oil prices are on pace to register their worst quarterly performance on record, as the coronavirus pandemic continues to crush global demand for crude. A public health […]
Bit-comment: Rebound, but still below last week’s corridor
March 31, 2020 at 10:13AM Bitcoin grew 5% in the last 24 hours and changing hands for $6,450 at the time of writing. However, so far, the first cryptocurrency has not been […]
A new Chinese miracle and too much optimism in Europe
March 31, 2020 at 09:14AM The phrase “Chinese miracle” this year finds a new meaning. First of all, in recent weeks, it is commendable how quickly the Politburo recognized the danger of […]
Coronavirus pandemic driving sales of small appliances for cooking, health and wellness
March 30, 2020 at 07:21PM Now that consumers have stocked up on toilet paper, disinfectant wipes and other household necessities, they’re turning their attention to appliances that aid in cooking and health […]
4 Reasons Now Is the Time to Buy Stocks – Not Sell
March 30, 2020 at 07:06PM 1. Selling Fatigue Has Kicked In UBS strategists said we are seeing a “selling fatigue” in the markets as investors no longer overreact to bad news. Stock […]
FxPro Daily Insight for March 30
March 30, 2020 at 03:56PM Market overview US markets have added 1.4% since the start of trading on Monday, after falling 3.4% on Friday. Markets balance between news of a slowdown in […]
A Global Consumer Default Wave Is Just Getting Started
March 30, 2020 at 03:35PM The early indicators from China aren’t pretty. Overdue credit-card debt swelled last month by about 50% from a year earlier, according to executives at two banks who […]
Boeing Wave Analysis – 30 March, 2019
March 30, 2020 at 03:22PM Boeing falling inside impulse wave 5 Likely to fall to 120.00 Boeing recently reversed down from the resistance area lying between the round resistance level 200.00, lower […]
Cotton Wave Analysis – 30 March, 2019
March 30, 2020 at 03:21PM Cotton falling inside impulse waves 5 and (C) Likely to reach to 46.00 Cotton recently broke the support area located between the round support level 50.00 (which […]
EURGBP Wave Analysis – 30 March, 2019
March 30, 2020 at 03:21PM EURGBP broke support area Likely to fall to 0.8750 EURGBP recently broke through the support area lying between the round support level 0.9000 (which stopped the previous […]
EURJPY Wave Analysis – 30 March, 2019
March 30, 2020 at 03:20PM EURJPY reversed from resistance area Likely to fall to 118.50 EURJPY recently reversed down from the resistance area lying between the strong resistance level 121.00 (which has […]
Bitcoin Diverges From Falling Equities With $500 Price Rise
March 30, 2020 at 03:09PM The top cryptocurrency by market value picked up bids near $5,850 during the Asian trading hours and rose around $500 to $6,344 at 07:14 UTC. At press […]
U.S. crude dips below $20 as lockdowns wipe out demand
March 30, 2020 at 02:59PM Oil prices fell sharply on Monday, with U.S. crude briefly dropping below $20 and Brent hitting its lowest level in 18 years, on heightened fears that the […]
Bitcoin’s interrupted recovery
March 30, 2020 at 02:56PM Another sideways trend for Bitcoin ended with a sale. At some point, Bitcoin was falling below $6K, and only a decline below that round level attracted buyers. […]
U.S. stimulus package is biggest ever, but may not be big enough
March 30, 2020 at 02:43PM The Federal Reserve has offered more than $3 trillion in loans and asset purchases in recent weeks to stop the U.S. financial system from seizing up, but […]
The US is set to lose its spot as world’s top oil producer
March 30, 2020 at 02:32PM The U.S. is all but guaranteed to lose its hard-earned spot as the world’s number one oil producer this year amid the recent price crash, vanishing demand […]
No lockdown here: Sweden defends its more relaxed coronavirus strategy
March 30, 2020 at 01:16PM While the rest of Europe imposes severe restrictions on public life and closes borders and businesses, Sweden is taking a more relaxed approach to the coronavirus outbreak. […]
Stronger EURUSD is a good sign for markets
March 30, 2020 at 10:20AM World central banks continue to pump liquidity in the financial system to lessen the negative impact on business from strict isolation measures across the globe. The latest […]
Bitcoin Price Drops to $6.1K Shortly After Equities Markets Close Red
March 28, 2020 at 09:55AM After trading in the $6,450 to $6,850 range for the past eight days, Bitcoin (BTC) price finally made a larger move, this time to the downside, as […]
Trump signs $2 trillion coronavirus relief bill as the US tries to prevent economic devastation
March 28, 2020 at 08:17AM President Donald Trump signed a $2 trillion coronavirus relief bill on Friday, as Washington tries to blunt economic destruction from the pandemic ripping through the United States. […]
FxPro Daily Insight for March 27
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 […]
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 […]
