Intraday Trading

Euro Slips as ECB Fails to Deliver – Is the Uptrend Over? The euro fell as much as 1.78% intraday on Thursday. This follows the ECB meeting where interest rates were left unchanged. However, the ECB did announce stimulus measures.…
Read More

Euro Steadies Ahead of ECB Meeting EURUSD is trading rather flat with the previous session’s volatility easing. This comes ahead of today’s ECB monetary policy meeting. As investors await the ECB's announcement of easing measures, the…
Read More

Euro Pulls Back at Support Ahead of ECB Meeting EURUSD continues its retreat as price action slipped to the support area. There is also a confluence of the rising trend line, indicating that there is strong support at the 1.1300 region. If…
Read More

EURUSD Maintains Bullish Gains The euro continues its onslaught, rising against a weaker US dollar. Price action is within reach of the 1.1500 level. Price action gapped higher on Monday’s open near the 1.1300 handle. There is a risk that…
Read More

EURUSD Gains Look to Be Overdone The euro retreats after testing a session high of 1.1354 on Friday, marking a rally to a one-year high. Prices are consolidating near the 1.1300 region at the moment. A close below this level could signal a…
Read More

The optimism in the markets following the IMF pledging $50 billion in aid to fight the coronavirus outbreak was short-lived. After the state of California declared an emergency, equity markets continued to fall. So far, the sell-off…
Read More

The Bank of Canada cut interest rates by 50 basis points, following the RBA and the Federal Reserve. The move comes as markets expect many other central banks to cut rates. However, at the same time, there is talk of a possible…
Read More

The Federal Reserve Bank announced a surprise 50 basis point rate cut yesterday. The cut comes after Jerome Powell announced last week that the central bank will be ready to act if need be. The surprise measure taken by the central bank…
Read More

Following Fed Chair Jerome Powell's speech last week, equities started off on a positive note. There is a wide consensus that central banks across the world will be cutting rates. This is because of the global economy being hit hard due…
Read More

The latest housing data covering new home sales showed a sharp spike. Data from the Commerce Department revealed that new home sales rose by 7.9% to an annual rate of 764,000. This was the highest level in twelve years. USD was…
Read More