Forex & Financial news and FxPro analytics

The European Central Bank intensified its response to the “unprecedented contraction” facing the euro area with a bigger-than-anticipated increase to its emergency bond-buying program. President Christine Lagarde and her colleagues decided to expand purchases by 600 billion euros ($675 billion)...

As business reopenings picked up nationwide, Americans filed nearly 2 million applications for unemployment benefits last week, reflecting a slowing — though far from a halt — in job losses. Initial jobless claims for regular state programs totaled 1.88 million...

• CHFJPY broke key resistance level 112,50 • Likely to rise to 114,00 CHFJPY rising sharply after the earlier breakout of the key resistance level 112,50 (which stopped the previous short-term correction (ii) in April). The breakout of the resistance...

• Soy broke resistance level 860.00 • Likely to rise to 870.00 and 890.00 Soy recently broke above the resistance level 860.00, intersecting with the resistance trendline of the wide daily down channel from the start of March. The breakout...

• EURUSD broke resistance area • Likely to rise to 1,1350 EURUSD continues to rise after the earlier breakout of the resistance area lying between the pivotal resistance level 1,1150 and the 61,8% Fibonacci correction of the previous downward impulse...

• EURCHF under bullish pressure • Likely to rise to 1,0850 EURCHF recently broke sharply above the key resistance level 1.0785 (upward target set in our previous forecast for this currency pair). The breakout of the resistance level 1.07860 coincided...

• American Express broke round resistance level 100,00 • Likely to rise to 108,700 American Express recently broke the round resistance level 100,00, standing near the 50% Fibonacci correction of the earlier sharp downward correction from February. The breakout of...

The ECB has expanded the package of support measures by 600B euro (750B expected) to 1350B. The deadline for the implementation of this program has been postponed, at least until June 2021. The remaining parameters of the monetary policy are...

U.S. stock-index futures were trading lower Thursday morning after a series of gains pushed the Nasdaq Composite to within 2% of its all-time high, as a gradual restart to the U.S. and world economies from coronavirus-induced closures helps support bullish...

Battered by crisis after crisis, President Donald Trump appears to be in political peril as never before. Since taking office in 2017, Trump has weathered storm after storm, always emerging with a fighting chance at being re-elected. After he survived...

In a switch from the longer-term trend, European equities are beating their U.S. peers in the latest leg of the rebound. Boosted by a strong outperformance of cyclical shares on bets of a swift economic recovery and after a string...

Just recently Russia’s State Duma released a draft of proposed litigation toward cryptocurrencies and companies that deal with the technology. The draft called “On Digital Financial Assets,” is an updated version on how lawmakers might regulate the crypto industry in...