Windsor News & Research Blog - Forex & CFD Market Analysis

US weekly crude inventories showed another record build last week as demand destruction from coronavirus pandemic continued
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Canadian dollar accelerated lower before Bank of Canada rate decision and fell to one-week low against dollar. The central bank left interest rates unchanged at record low (0.25%) with loonie being strongly hurt by reports showing that…
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Cable dipped nearly 200 pips on Wednesday after week-long advance stalled at 200DMA barrier (1.2648) on Tuesday. Pullback accelerated on profit-taking and fresh strength of dollar on renewed safe-haven demand as US equities fell on…
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US Industrial Production fell 5.4% in March from 0.5% rise in February and below forecasted 4% drop
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US retail sales slumped by 8.7% in March, beating forecast at 8% and vs -0.4% in February
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WTI oil price extends steep descend into fourth day and probes again below critical $20 support zone on Wednesday. Fresh weakness cracked previous low at $19.24 (30 Mar) and hit new lowest in over 18 years ($19.17 so far). As mentioned in…
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The pair bounces from 107 support zone which was cracked on Tue/Wed but without clear break so far. Bears face headwinds from supports at 107.00 (psychological) 106.91 (1 Apr low) and 106.70 (daily cloud top) with profit-taking after…
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WTI oil price slumped below $20 level on prediction by International Energy Agency's estimations that global oil demand could drop by a record 9.3 million barrels per day in 2020.
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The Euro advanced on Tuesday, driven by fresh risk mode and offset negative signal from Monday’s close in red. Bullish engulfing is forming on daily chart and supporting the action which is on track to generate bullish signal on close…
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Spot gold advanced to new highest level since November 2012 on Tuesday, gaining 1.7% since opening that adds to 4.2% rally in past two days. Strong concerns over expected slowdown of global economic growth on pandemic lockdown and stimulus…
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