2020

The only notable data for the European markets comes in the form of the German Final IFO Business Climate. And it is likely to make an impact on the euro! According to the latest figures, sentiment among German businesses has been…
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EURNZD has been on a retrace ever since it matched 10-year highs last week at 1.9927. Technically, the pair is looking set to test back those highs and carving new ones, eventually. However, at the present, we are likely to see deeper…
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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…
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Crude oil prices are modestly weaker, down over 5% on the day. This comes as price action is back to testing the support level of 22.00. Given that this is a key price level, a break down lower could trigger further losses.…
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The British pound is trading weaker once again, down over 1.5% intraday. The declines erase the modest gains from late last week. As price action tests the support area of 1.1477, this level is now at risk. A break down below this…
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The euro has stabilized as price action remains within the confines of 1.0787 and 1.0663. With the possibility of a double bottom in place near 1.0663, the bias is looking to the upside. However, unless the range is breached, we do…
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Tomorrow is going to be a major day for equity markets, because we get the Preliminary (or Flash) PMI readings for most of the world's major economies. The reason it's so important is that this is the first time we get data collected…
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It’s been a roller coaster ride for GBPCAD. The pair has carved a huge range with a potential temporary base at 1.6300, and a potential temporary top at 1.800. The daily chart above suggests that, since we are trading under the 1.7000…
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