Your Source For Syndicated Currency News

ECB's Holzmann: There will be discussions within ECB on coronabonds

March 31, 2020

European Central Bank policymaker Robert Holzmann noted that there will be discussions within the ECB on coronabonds but declined to comment further on the matter.  “The idea behind the PEPP was to make liquidity rapidly available, rules were loosened to make sure enough assets were available to buy,” Holzmann explained. “Rules for the PEPP will be…

Gold: All-time high value could be reached – iTrustCapital

March 31, 2020

Tim Shaler, Economist-in-Residence at iTrustCapital, says in an exclusive interview with FXStreet the yellow metal could hit all-time high value. Key quotes “The all-time high value of gold in USD terms is $1895 per ounce, reached in 2011.” “If the US continues to borrow and print new currency for an extended amount of time, whether…

USD/CAD rallies to multi-day tops, further beyond 1.4200 mark

March 31, 2020

USD/CAD gains traction for the second straight session amid some follow-through USD strength. Recovering oil prices did little to lend any support to the loonie or stall the pair’s positive move. Investors now look forward to important Canadian/US macro data for some meaningful impetus. The USD/CAD pair finally broke out of its daily trading range…

(31 March 2020)DAILY MARKET BRIEF 2:Credit markets under the pressure of rating cuts.

March 31, 2020

The White House on the other hand is discussing additional fiscal aid measures worth $600 billion, on top of the historical $2 trillion rescue package just signed a couple of days ago.Huge amount of helicopter money sprayed on economies to put a floor under the growth slowdown will have long-term implications for debt levels, not…

(31 March 2020)DAILY MARKET BRIEF 1:Stocks mixed

March 31, 2020

The US stock indices extended their advanced for the fourth session over five, recording gains past 3% on Monday, amid healthcare stocks rallied on hopes that a vaccine could curtail the spread of the coronavirus and signal the end of the containment measures that have catastrophic implications for the global economy. Technology stocks were among…

(31 March 2020)Silver spot ($) Consolidation in place.

March 31, 2020

Pivot (invalidation): 14.2100Our preferenceShort positions below 14.2100 with targets at 13.9100 & 13.7900 in extension.Alternative scenarioAbove 14.2100 look for further upside with 14.3900 & 14.5400 as targets.CommentAs Long as 14.2100 is resistance, look for choppy price action with a bearish bias. (By Swissquote TRADING CENTRAL) Courtesy of the Forex Mix

(31 March 2020)Crude Oil (WTI) Continuation of the rebound.

March 31, 2020

Pivot (invalidation): 20.60Our preferenceLong positions above 20.60 with targets at 22.60 & 23.40 in extension.Alternative scenarioBelow 20.60 look for further downside with 19.90 & 19.25 as targets.CommentThe RSI advocates for further advance. (By Swissquote TRADING CENTRAL) ————————————–[GET FREE BTC]————————————————- It’s best to use all of the coinpot (                                   https://coinpot.co/mine/bitcoin/?ref=39D5E906FFE7 )faucets because it lets you convert the…

(31 March 2020)Gold spot ($) Look for 1594.00.

March 31, 2020

Pivot (invalidation): 1627.00Our preferenceShort positions below 1627.00 with targets at 1609.00 & 1594.00 in extension.Alternative scenarioAbove 1627.00 look for further upside with 1637.00 & 1645.00 as targets.CommentA break below 1609.00 would trigger a drop towards 1594.00. (By Swissquote TRADING CENTRAL) Courtesy of the Forex Mix

(31 March 2020)S&P 500 Expect 2800.00.

March 31, 2020

Pivot (invalidation): 2520.00Our preferenceLong positions above 2520.00 with targets at 2710.00 & 2800.00 in extension.Alternative scenarioBelow 2520.00 look for further downside with 2450.00 & 2350.00 as targets.CommentThe RSI shows upside momentum. (By Swissquote TRADING CENTRAL) Courtesy of the Forex Mix

(31 March 2020)DAX Intraday support around 9453.00.

March 31, 2020

Pivot (invalidation): 9453.00Our preferenceLong positions above 9453.00 with targets at 10117.00 & 10440.00 in extension.Alternative scenarioBelow 9453.00 look for further downside with 9080.00 & 8730.00 as targets.CommentThe RSI calls for a new upleg. (By Swissquote TRADING CENTRAL) Courtesy of the Forex Mix