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2020

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EURUSD Retraces After Breaking Resistance

Orbex Apr 14, 2020 271 0

The euro continues to retrace the gains after breaking past the resistance level of 1.1000 level. As long as this level holds, price action is likely to remain steady. A reversal off 1.1000 level could, however, establish the upside…
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Technical Analysis

NZDUSD: Intermediate Correction (4) Likely To Complete Near 0.6146

Roman Onegin Apr 13, 2020 1,365 0

NZDUSD seems to be forming a primary impulse wave Ⓐ which is part of a (1)-(2)-(3)-(4)-(5) bearish zigzag of the intermediate degree. The current structure suggests that we are in a corrective wave (4), and perhaps this wave has not yet…
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Technical Analysis

AUDNZD – Approaching End of Correction Zone

Tahir Khan Apr 13, 2020 392 0

March will be remembered in history books for setting new records that are likely to stay put for a considerable amount of time. Like elsewhere in the financial markets, FX saw increased volatility in most pairs, covering larger ranges.…
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Technical Analysis

German DAX – Bullish Flag

Orbex Apr 13, 2020 329 0

The German DAX Index is likely to see further upside, following the larger sentiment in the global equity markets. The index is down over 38% since hitting an all-time high of 13796 in February this year. Following the drop to 8400,…
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Fundamental Analysis

What Are “Coronabonds” & Why Are They Controversial?

Daniel John Grady Apr 13, 2020 870 0

Last Thursday, the Finance Ministers of the European Union agreed on an unprecedented spending package of €500B. They billed this move as a "stimulus" spending program. However, some are saying it's more accurate to call it a market…
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Italiano

Mercati In Transizione Tecnica Prima Del Ribasso

Fabio Michettoni Apr 13, 2020 628 0

CRUDE OIL (US Crude Oil): Debole Su Tagli Alla Produzione S2: 18.77 S1: 20.76 R1: 26.55 R2: 32.34 Il tanto combattuto taglio alla produzione non ha sortito l’effetto di rafforzare le quotazioni del greggio, costretto a…
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Technical Analysis

The Week Ahead: Supply Gap

Jing Ren Apr 13, 2020 944 0

USDCAD Continues to Fall Back The US dollar may extend its retreat against its neighbor after oil producers agreed to production cuts. OPEC+ announced plans to curb output by more than a fifth or 10 million barrels per day to support…
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Technical Analysis

Oil Price War Ends!

Stavros Tousios Apr 13, 2020 291 0

The OPEC+ cartel agreed to cut production by 9.7M bpd in May and June and pledged to increase cuts to nearly 20% of the global supply if necessary. Crude oil opened 9% higher on Easter Monday but traders were quick to discount the spike on…
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Technical Analysis

Gold prices close with a doji

Orbex Apr 13, 2020 285 0

The four-hour chart on gold closed rather flat on Thursday. The metals market was closed on Friday for Good Friday. Although price action closed above the level of 1671.95, we anticipate a possible pullback lower. Watch for a close…
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Technical Analysis

Crude oil gives back the gains

Orbex Apr 13, 2020 265 0

Oil prices were pushing lower into Thursday’s close, but overall, price action was down just 0.02% on the day. Another attempt to breakout above 28.00 was met with strong selling pressure. This put oil prices to retreat lower. Further…
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