Windsor News & Research Blog - Forex & CFD Market Analysis

WTI future contract opened with gap-lower on Monday and cracked psychological $20 support to hit new 18-year low at $19.90. Mounting fears that global shutdown on coronavirus could last months and further slash demand for oil. Low oil…
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Brief recovery in Asia after Thu/Fri strong fall was capped by broken 200DMA (108.30) and fresh weakness probes below key supports at 107.69 (Fibo 38.2% of 101.18/111.71 upleg) and 107.44 (weekly cloud base. Strong loss of momentum on…
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Cable edges lower on Monday following last week’s massive rally (6.6%) as bulls face headwinds from weekly cloud despite penetration and weekly close within the cloud. Overbought stochastic adds to consolidation signals but the action…
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AUDUSD The Australian dollar holds in red in early Monday’s trading, with minor reaction on government’s A$130 billion job-saving package. The action remains capped by falling 20 DMA (6200) with overbought daily stochastic suggesting…
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The Euro edges lower in early Monday’s trading as bulls enter consolidation after record 4% weekly advance last week. Traders took some profits and overbought stochastic also points to consolidative / corrective action before bulls…
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University of Michigan surveys of consumer sentiment slumps in March to the lowest since October 2016.
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Bank of Canada lowered key policy rate from 0.75% to 0.25% on Friday. The central bank intends to provide support to the financial system and the economy during coronavirus pandemic. BOC says Governing Council stands ready to take further…
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For those trading major FX markets, this crisis is unique. There have been some big swings but no clear move in one direction across major currencies and no sustained demand for perceived safe assets. Sterling collapsed and then bounced…
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The Euro dips below 1.10 handle on Friday after earlier upticks were capped by 200DMA (1.1081). The pair rallied 1.3% on Thursday, making the biggest daily advance since 12 Jan 2018 and generated bullish signal on close above daily…
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Spot gold eases on Friday, taking a breather after bulls failed to clear Fibo barrier at $1643 (76.4% of $1703/$1451 fall) on first attempt. Overall picture remains positive as the yellow metal advanced nearly 8% this week and on track for…
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