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Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

Information is not investment advice

GBP/USD: outlook remains bearish

GBP/USD retraced more than 78.6% Fibonacci of the 2019 advance. Last week was the worst for the pair since the Brexit referendum.

CAD/JPY turned down

CAD/JPY recovered last week to the 78.00 area (38.2% Fibonacci of the February-March decline), but then turned down again getting back below the 50-period MA on the H4.

Palladium is down by 42%

Palladium reacted very late to the coronavirus fallout - but it compensated by a rarely seen price slump; can we use it?

USD/JPY tries to recover

After testing the lowest levels since 2016 in the 101.18 area earlier this week, USD/JPY turned up and returned above 105.00.

What to expect from the ECB today?

Today is the day X for the European markets as the European central bank is releasing its monetary policy decision at 14:45 MT time.

EUR/CAD: correction time?

After opening the week with a gap up, EUR/CAD formed two inside bars on the D1. This is the sign that the advance has run out of steam.

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