KQMarkets

KQMarkets

We still see the Dax moving higher despite the index failing to consolidate above key support at 10731. We see upside potential for the Dax due to many nations in Europe easing their lockdown as the coronavirus situation not longer appears be worsening at a rapid rate but we would not want prices to fall below key support at 10161 back down towards the...

KQMarkets

We still see Bitcoin moving higher and believe it has upside potential as it can be seen as a hedge to the economic potential economic disaster caused by the coronavirus. However, in the first instance we would want the cryptocurrency to consolidate above key resistance at $7091 before the targeting the next resistance level at around $9000 and are encouraged by...

KQMarkets

AUDUSD has risen above around 0.62 which has led us to change our short view to neutral as the currency pair has gained upward momentum. This is as China eased it's lockdown and the coronavirus situation appears to have eased across the country with expectations that the Chinese economy will recover increasing demand for Australian commodity exports.

KQMarkets

We still hold a neutral view on EURUSD as the currency pair as not established a momentum in either direction aggressive FED easing and the already weak Eurozone economy severely impacted by the coronavirus. We would want to see EURUSD consolidate above support close to 1.10 before taking a long view as Europe eases it's lockdown amid signs of improvement of the...

KQMarkets

We still see USDJPY moving higher whilst it remains above key support at 107.6 despite the influx of QE and aggressive rate cuts by the FED. However, with the US dollar seen as a safe haven and the Bank of Japan's own fiscal stimulus program we see USDJPY rising as countries look ease the coronavirus lockdown.

KQMarkets

We re-established our long view on Gold as the precious metal rose from when it dropped below key support at $1560 back towards the multi years highs towards $1700 it reached at the beginning of March. We see the precious metal surpassing those multi year highs due to the continued uncertainty and impact of the coronavirus on the global economy as well as it's...

KQMarkets

We have changed our view on Silver from neutral to long as the precious metal has surged above $15 and we now would want to see it consolidate above key resistance at $15.2 before challenging our near term target of $17. Silver has gained upward momentum we believe due to recent aggressive FED rate cuts and because of slightly reduced fears surrounding the...

KQMarkets

The Dax appears to have stabilised and recovered from hitting multi year lows around 8000 and we now see this as an opportunity to go long and change our view from neutral. Additionally, the coronavirus situation appears to be improving slightly in Europe with nations considering easing the lockdown, but we would not want to see the index drop below key support at...

KQMarkets

We changed our view to long as Bitcoin was crashing from $8000 to below $5500 as we felt it has long term upside potential. Bitcoin has since steadied as it has consolidated above key support at $6584 and we it moving higher with a medium term target of $10000 as it can be seen as a safe haven.

KQMarkets

We had a short view on AUDUSD up until recently when the currency pair crashed and dropped towards 0.55. However, AUDUSD has since rebounded and we this as an opportunity to take a short view due to the worsening coronavirus situation and it's impact on the global economy. This is despite the RBA indicating in minutes earlier today that there be no additional...

KQMarkets

We still have a neutral view on the EURUSD as despite it's upward momentum the US dollar's safe haven status could see a sharp drop in the currency pair. Therefore we will hold a neutral view until EURUSD consolidates above resistance at 1.116.

KQMarkets

USDJPY has gained strong upward momentum on the back of a strengthening US dollar and therefore we still have a long view. We expect further upside but would want the currency pair to consolidate above resistance at 111.3 otherwise could start dropping back down towards 109.

KQMarkets

Gold has risen back above key support at $1560 on the back of stimulus and a fall in the US dollar. Therefore we resume our long view as Gold is the most popular safe haven amongst investors in periods of uncertainty and economic weakness and consequently we see the precious metal potentially surpassing all time highs this year.

KQMarkets

Silver has dropped dramatically over the past month from nearly $19 not below $12 and we long view which we had to abandon our long view when it fell below support at $15.5. We feel it's still too risky to take a directional view on Silver at present because despite it's status as a safe haven it's price is also impacted by industrial demand. Therefore the level...

KQMarkets

We still hold a neutral view on the Dax as the index has been crashing over the continued coronavirus crisis and it's impact on Europe. Therefore with the continued uncertainty we feel that we cannot take a directional view at this stage whilst the index is at multi-year lows.

KQMarkets

We have changed our view on Bitcoin to long as we feel there is significant upside potential for the cryptocurrency after it's massive drop over the past few trading sessions. There could be further downside and prices could reach YTD lows at around $3280.7 but we feel given it's volatile nature Bitcoin could rise 100% in particular if it starts being recognized...

KQMarkets

We changed our view to neutral as the currency pair gave up gains it made despite the 100 bps emergency FED rate cut Sunday night. Additionally, the heightened volatility and impact the coronavirus is having on Europe leads us to await further developments before taking a long or short view.

KQMarkets

USDJPY has surged in recent trading sessions as equity markets have rebounded from the recent crash due to the coronavirus crisis. We expect further upside whilst the currency pair remains above key support at 107.648 but we anticipate continued volatility and significant downside risk.