Month: April 2020

Key MA test as Lagarde press conference continues and US stocks fall pre-open As the Lagarde press conference continues and the US stocks fall in premarket trading, the EURUSD has moved sharply to the downside. Earlier, the pair tested the 61.8% retracement and 200 bar moving average on the 4 hour chart and held resistance.  The current fall has
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Microsoft CEO Satya Nadella Tobias Schwarz | AFP | Getty Images Microsoft shares rose 2% in extended trading on Wednesday after the company reported fiscal third-quarter sales growth of 15%, fueled by its cloud business. The company said in a statement that the coronavirus “had minimal net impact on the total company revenue” in the
Commodity currencies remain the strongest one today as supported by risk appetite. Sentiments are lifted by expectations of lockdown exits as well as optimism on coronavirus treatment. Dollar remains generally weak with Fed providing little inspirations. Euro and Swiss Franc are not much better than the greenback. Euro’s weakness is the main reason keeping Dollar