Global recession is here to stay due to coronavirus – WEF
Fundamental Forex Analysis

Global recession is here to stay due to coronavirus – WEF

According to the latest report published by the World Economic Forum (WEF) showed on Tuesday, global economic contraction is likely to be a prolonged one, thanks to the coronavirus pandemic that is showing no s...

NZD/USD price action suppressed but COVID-19 risks weigh
Forex News

Expected to stay capped at pivotal resistance at 0.6180/6268 – Credit Suisse

The rebound higher in NZD/USD has faded just ahead of the key resistance zone starting at 0.6180 and extending all the way up to 0.6268, analysts at Credit Suisse inform. Key quotes “With a large bearish ‘trian...

USD/JPY: ???? ???? ??????? 109.00
Forex News

USD/JPY: Bulls stay in control towards key resistance

USD/JPY consolidates as markets weigh getting back to work vs the spread of COVID-19. Markets will now tune into deteriorating economic data. USD/JPY is on the bid in Tokyo to a key resistance target in the 10...

NZD/USD trades above 0.5830, adds more than 2% on USD selloff, upbeat sentiment
Forex News

NZD/USD snaps two-day winning streak to stay below 0.6000 after RBNZ comments

NZD/USD fails to carry the previous two-day gains forward. Risk-tone heavies, RBNZ Assistant Governor shows readiness to increase the size of the QE. GDT Price Index offered positive surprise but coronavirus re...

EUR/USD ???? ??????? ? ?????? 1.1000
Forex News

The month ended, the crisis is here to stay

Here is what you need to know on Wednesday, April 1st: Equities traded mixed, with European indexes closing with gains but Wall Street in the red, amid persistent concerns related to the coronavirus pandemic. ...

Aussie bears eyeing the 0.6800 handle
Forex News

AUD/CNY trending lower to stay in tact

Analysts at Westpac noted that the Australian dollar is about flat against the US dollar over the past 3 months, but also acknowledged that the Chinese yuan has rallied about 3%. Key quotes Clearly the key fa...