Technical Analysis
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AUD depreciates as Westpac anticipates RBA’s 25 bps rate cut in May
The Australian Dollar could advance as the US Dollar struggled after the Fed’s Beige Book suggested weakening economic conditions. Westpac…
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JPY struggles to build on intraday gains against USD amid positive risk tone
The Japanese Yen attracts some dip-buyers amid fading optimism over the US-China trade deal. Bets that the BoJ will continue…
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EUR/USD Recommendation From Morgan Stanley
Morgan Stanley has issued a recommendation for the EURUSD currency pair Morgan Stanley recommends taking a long position on the…
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Chart of The Day – Bitcoin (BTC)
Over the past two sessions, Bitcoin has risen by more than 11%, from around 84,000 USD to over 94,000 currently.…
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Trade of The Day – Nasdaq
Facts The US100 is up more than 2.5%, currently trading at 18,797 points, 14.3% above the lows from April 7th.…
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Mixed Eurozone PMI Data While Manufacturing Improves
08:00 AM GMT, Euro Zone – PMI Data for April: HCOB Eurozone Manufacturing PMI: actual 48.7; forecast 47.4; previous 48.6; HCOB Eurozone Composite PMI:…
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A Muted EUR/USD After Lower German PMI Data
07:30 AM GMT, Germany – PMI Data for April: HCOB Germany Services PMI: actual 48.8; forecast 50.3; previous 50.9; HCOB Germany Manufacturing PMI: actual…
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Tesla Q1 Results – 71% Drop in Net Profit YoY
Revenue: USD 19.3 bn, ‑9 % YoY (driven mainly by lower Model Y volume and ongoing price incentives) Earnings per share (GAAP): USD 0.12 (‑71 % YoY); earnings per…
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USD/CHF Outlook remains bearish below 0.8250
USD/CHF gains traction to around 0.8225 in Wednesday’s early European session. The negative outlook of the index remains in play…
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EUR/USD Bounces off 1.1300 neighbourhood; shows resilience below 23.6% Fibo.
EUR/USD drifts lower for the second straight day amid a further USD recovery from a multi-year low The technical setup…
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