Nonfarm payroll numbers from March undershot consensus materially, posting the biggest decline since March 2009. An even bigger plunge will, however, come next month, analysts at Nordea brief.
“Nonfarm payrolls clearly undershot consensus for March with a reading of -700k. This is the big
Gold prices fail to hold onto the previous day’s recovery gains.
200-bar SMA, 61.8% Fibonacci retracement guard immediate upside.
Bearish MACD keeps sellers hopeful.
While defying Wednesday’s recovery moves, Gold prices drop to $1,585, down 0.40%, amid the early Thursday’s trading session.
Morgan Stanley's Global Oil Strategist Martjin Rats while talking to Bloomberg said oil prices need to drop below $10 to rebalance the market.
The back gold tanked over 65 percent in the first quarter as the coronavirus outbreak brought the global economy to a standstill, leading to demand destruct
Markets are starting another with rather quiet mood. Some economic data might be not as bad as expected, but they’re giving no lift to sentiments. Dollar attempted for a rebound overnight but there was apparently no follow through buying. Gold’s dip was a positive sign for the greenback but there wa
The precious metal made solid gains on Monday, rising close to 3% intraday.
The gains came as the Fed announced its open-ended asset purchases.
Technically, the rebound is, however, met with a hidden bearish divergence.
This means that price action could give back the gains rather quickly.
On the co
The cryptocurrency market plunge started during the weekend and continues as of writing these lines. Bitcoin dumped with over 15%. Naturally, the general sentiment among the crypto community has changed. Some speculate that the 2020 bullish trend is now over and that investors should prepare for eve
With coronavirus has been controlled in China, but spreading in other regions around the world, it looks like CNY could be expected to raise, especially for China basket currencies. Some of the reports from the top investment bank in London and New York suggest to short EUR/CNH. They believe that Eu
We are living in a world where stress became a norm. Unfortunately, we are learning to cope with the circumstance rather than try and change the situation itself. And, as we go, we are only adding to the existing stress and that makes things harder. Surely, there has to be something that we can do t
The Canadian dollar lost ground against other major counterparts in early European trading on Wednesday.
The loonie fell to near 6-week lows of 1.3297 against the greenback and 81.51 against the yen, from its early highs of 1.3262 and 81.85, respectively.
The loonie dropped to near a 3-week low of 1
European stocks look set to open broadly higher on Tuesday amid signs that the U.S.-China trade hostilities might be easing for now.
After China's top trade negotiator and Vice Premier Liu He called for "calm" negotiations to resolve the trade dispute, U.S. President Donald Trump said he believed Be
For most of us if not for all of us that is the worst thing that we can possibly see in a day. That is of course if we go about our day without seeing a scoop of ice cream lying on the ground. But that’s not the point.
For a lot of us that is not the worst thing w
The FTSE followed Asian markets higher on the open as stimulus hopes tempered recession fears. Risk appetite continued to rebound, albeit cautiously following a disastrous week for stocks last week. Riskier assets such as stocks are nudging higher for a second day, whilst safe havens such as gold, t
S&P 500 – Major Support Levels Approaching At Both 2800 and 2730
Relevant Key Levels: Support at 2860-90, 2800, 2690-2730. Resistance at 3030, 3000, 2960 and 2910.
Price Action: The potential fakey mentioned in our prior members update didn’t trigger as prices collapsed back towar
French stocks held steady on Friday after falling in the previous session as the European Central Bank unexpectedly held rates steady and noted that the risk of recession was relatively low.
The benchmark CAC 40 was up 10 points or 0.18 percent at 5,587 after declining half a percent on Thursday. Th