Gold Prices Return Virus-Inspired Gains As US Dollar Strength Caps

Gold prices started the session a little higher on increased fears about the economic impact of Covid-19, but they failed to hold those highs despite generally poor risk appetite.

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USD/CAD Levels to Watch Following New BoC Bond Purchase Programs

USD/CAD may continue to retrace the decline from the yearly high (1.4667) as it breaks out of the

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Australian Dollar Up As Jobs Rise Unexpectedly. Survey May Miss Virus Impact

The Australian Dollar got a boost on news of surprise job creation when a big employment fall had been expected. However the official survey period may miss the full March impact of coronavirus.

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US Dollar Outlook vs Emerging Market Currencies: USD/MXN, USD/KRW, USD/ZAR

The US Dollar may rise versus the Mexican Peso, South Korean Won and South African Rand as all three pairs flirt with trend-defining technical levels.

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Copper Prices May Bounce Back on China GDP After Virus-Induced Selloff

Copper prices continue to face pressure amid the coronavirus pandemic, but a recovery appears likely, should the recent IMF projection calling for a sharp economic recovery in China come to pass

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Gold Price Pullback in Focus as RSI Flops Ahead of Overbought Zone

The price of gold may consolidate over the coming days as the Relative Strength Index (RSI) reverses course ahead of overbought territory.

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Mexican Peso Price Drops on Fitch Downgrade, Australian Dollar at Risk

The Mexican Peso sank as Fitch downgraded Mexico’s credit rating, USD/MXN rose towards resistance. The Australian Dollar may fall with stocks. also facing a local jobs report.

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S&P 500 Sinks on Earnings as Oil Price Flops, US Dollar Jumps

The S&P 500 Index takes a spill as coronavirus-battered earnings and plunging oil prices spook investors, but the US Dollar climbs higher owing to the return of risk aversion and safe-haven flows.

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DAX 30 Price Outlook: Index Bleeds Lower but Remains Above Support

The DAX 30 fell on Wednesday as risk appetite waned and earlier gains were forfeited. Now the index is nearing support that has helped to keep price afloat before. What next?

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BOC Rate Decision: What Does it Mean for USD/CAD?

This morning brought the BOC rate decision to the tune of 0.25% vs the expectation of 0.25%.

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Dow Jones, DAX 30, Oil Technical Outlook & More

The U.S. market recovery continues with guides to watch, same with the DAX, oil on the other hand is weak but could use some time for clarity.

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EUR/USD Price Outlook: Recent Pullback Looks Unconvincing

The latest EUR/USD pullback off its April low is coming under increasing pressure as the medium-term moving average proves difficult to overcome.

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Mexican Peso Latest: USD/MXN Price Soars, Recent Highs Maybe Under Threat

The USD/MXN price broke over 2% higher in early turnover as risk-adverse investors sought the safety of the US dollar once again. Recent high prints in the pair may now come under pressure.

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S&P 500 Outlook: Peak in VIX Does Not Mean Equity Market Bottom

S&P 500 dismisses ominous IMF report. However, risk barometer fails to confirm market rebound leaving index vulnerable.

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British Pound (GBP) Latest: GBP/USD Price Topping Out

The strong rally in GBP/USD, in place since late March, looks to be running out of steam as the US Dollar stabilizes following its recent losses.

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US Dollar May Rise on Retail Sales Data After IMF Warning

The haven-linked US Dollar may rise if retail sales data out of the world’s largest economy unnerves investors after the IMF’s chilling message.

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Crude Oil Prices Pare Gains As Coronavirus Recession Fears Bite

The oil markets have seen huge production cuts agreed this week but even they can’t support a market in which demand is under such threat.

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EUR/USD Rate Recovery Brings Monthly High on Radar

EUR/USD has reversed course following the failed attempt to test the 2020 low (1.0636), with the monthly high (1.1039) now on the radar.

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Dow Jones, DAX 30, CAC 40 Outlook: Short Bets May Keep Prices Lifted

Rising short exposure may have contributed to recent gains in global equities such as the Dow Jones, DAX 30 and CAC 40. If this trend persists, prices could remain lifted.

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Stock Markets Rise Even As Coronavirus Remains Unconquered. Why?

Many stock markets have staged impressive comebacks since the end of March despite there being no obvious good news to cheer.

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