FxWirePro: USD/JPY extends range trade around 5-DMA, intraday bias turning bearish
Apr 21, 2020 05:56 am UTC| Technicals Research & Analysis
USD/JPY was trading 0.14% lower on the day at 107.42 at around 05:15 GMT. The pair regained positive traction on Tuesday after closing marginally higher in the previous session. Fresh wave of the global...
FxWirePro: CBR’s Cushions Ruble Momentarily Through FX Reserve – Uphold USD/RUB Options Positions
Apr 20, 2020 14:25 pm UTC| Research & Analysis Central Banks Insights & Views
CBR governor Elvira Nabiullina held a press conference last Friday, where she de facto confirmed that the central bank was ready to resume cutting rates. This is significant because CBR had paused rate cuts last month...
Apr 20, 2020 13:06 pm UTC| Research & Analysis Digital Currency Insights & Views
The block-halving in cryptocurrency is a pre-programmed fundamental event, scheduled reduction in the inflation rate of an assets supply by 50%. Bitcoins next halving has been its leading narrative from the end of 2019...
FxWirePro: WTI Crude Oil plunges over 38% on the day, OPEC+ agreement fails to halt sell-off
Apr 20, 2020 12:16 pm UTC| Technicals Research & Analysis
US Oil chart - Trading View WTI Crude Oil prices plunged over 38% on the day to hit lowest since 1999. Lockdowns imposed to curtail the spread of COVID-19 have crushed demand for the black gold. The OPEC+...
FxWirePro: EUR/GBP struggling to extend weakness below 200-DMA, focus on UK ILO unemployment data
Apr 20, 2020 11:54 am UTC| Technicals Research & Analysis
EUR/GBP chart - Trading View EUR/GBP was trading 0.34% higher on the day at 0.8720 at around 11:20 GMT. The pair is consolidating break below 200-DMA, bears struggling to drag prices lower. Major and minor trend...
FxWirePro: Bullish, Bearish Driving Forces Of Bullion Market, OTC Updates And Hedging Strategy
Apr 20, 2020 11:52 am UTC| Research & Analysis Insights & Views
Bearish Driving Forces: i) The global economic growth momentum recovers much stronger and earlier than expected sending US Treasury yields higher; ii) The extreme equity volatility returns with gold being sold once...
Apr 20, 2020 10:59 am UTC| Research & Analysis Digital Currency Insights & Views
While quite a few market participants among the crypto industry have been obsessed for another financial crisis just like 2008 to check the functionalities of the major cryptos of being uncorrelated and acting as a...