GBPJPY’s Appreciation Finds Some Footing From SMAs, Indicators Seem Weak
GBPJPY is turning slightly lower over the last few days touching the 40-day simple moving average (SMA) and the 50.0% Fibonacci retracement level of the down leg from 144.95 to 124.00 at 134.48. Technically, the RSI indicator is challenging the...
EUR/USD Declined To Weekly S1
On Thursday, the EUR/USD currency pair tested the support level – the weekly S1 at 1.0823. During today’s morning, the pair was re-testing the given support. It is likely that the exchange rate could be pushed down by the 55-,...
GBP/USD Tests Fibo 50.00%
Yesterday, the GBP/USD exchange rate consolidated in the 1.2480 area. During Friday morning, the rate was testing the Fibo 50.00% at 1.2418. If the given support level holds, it is likely that a reversal north could occur. Note that the...
GBPUSD 1.2380 Key
The British pound currency is once again starting to move lower against the US dollar as the greenback gains strength into the weekend. Technical analysis shows that the 1.2380 level offers critical technical support if a breakout under the 1.2400...
Staged Lockdown Exit and March Chinese Data Lift Sentiments, Dollar Softens
Dollar weakens mildly again as risk appetite is lifted by the three-stage plan to exit lockdown in the US. While Q1 GDP contraction in China was deeper than expected, March data also provided some optimism of return to normal. As...
Asset Markets Rally On Gilead Drug Hopes
The stage wasn’t set for a friendly Friday today in Asian markets. Overnight, another 5.25 million Americans lost their jobs overnight, and New York extended its lockdown until mid-May. Today, China’s GDP shrank 6.8% this morning, and its Retail Sales...
Stocks making the biggest moves after hours: Gilead, Boeing, Uber and more
An Uber Eats food delivery courier closes a bag with an order during a lockdown, imposed to prevent the spread of coronavirus disease (COVID-19), in central Kiev, Ukraine April 2, 2020. Valentyn Ogirenko | Reuters Check out the companies making...
New York taps McKinsey to develop a ‘Trump-proof’ economic reopening plan
New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of the region that can thwart expected pressure from President Donald Trump to move more rapidly, state government sources told Reuters...
Weekly jobless claims hit 5.245 million, raising monthly loss to 22 million due to coronavirus
Protection measures against the coronavirus continued to tear through the employment ranks, with 5.245 million more Americans filing first-time claims for unemployment insurance last week, the Labor Department reported Thursday. That brings the crisis total to just over 22 million,...
EIB directs support to women and SMEs in Africa
Source: EIB Female-run businesses in Africa may be hardest hit by coronavirus, which is why the European response needs to focus on initiatives to help them, the European Investment Bank says, and it must tailor emergency packages to assist small...
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